City of Charlotte City Council Business Meeting Agenda 2026-05-26
$3.25M NOAH funding for Reserve at Waterford Lake
Trusted by teams at
Description
City Council approved a $3,250,000 Housing Trust Fund allocation to Waterford NOAH, LLC to acquire and rehabilitate The Reserve at Waterford Lake. The agreement includes a 20‑year deed restriction preserving affordability across 140 units at 30%, 60%, and 80% AMI levels.
Contract Details
Contract Amount
$3,250,000
Vendor
WATERFORD NOAH LLC
Agency
City of Charlotte, NC
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
20-year deed restriction on affordability
Renewal Date
2046-12-31
Renewal Info
Includes a 20‑year deed restriction requiring specified affordability levels.
More from City of Charlotte
City of Charlotte City Council Business Meeting Agenda 2026-05-26
City of Charlotte City Council Business Meeting Agenda 2026-05-26
City of Charlotte City Council Business Meeting Agenda 2026-05-26
City of Charlotte Meeting Agenda 2026-05-26
City of Charlotte City Council Business Meeting Agenda 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.