Penler Development Approved for Multi-Family Affordable Project
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Description
Penler Development, LLC received City Council approval for rezoning land to support multi-family and affordable housing, with enhancements to Mount Holly Road and Creston Circle.
Contract Details
Vendor
PENLER DEVELOPMENT LLC
Agency
City of Charlotte, NC
Contract Type
OTHER
Document Date
October 16, 2023
Renewal Info
Petition revised after committee: affordable units provided instead of $125,000 Housing Trust Fund payment; 10 units (5 at 80% AMI, 5 at 120% AMI, minimum 15-year affordability).
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