$50 Million Affordable Housing Bond Will Be On Nov. Ballot

Voters are one step closer to deciding whether to approve a $50 million bond to relieve Charlotte's affordable housing crisis.

CHARLOTTE, NC– Voters are one step closer to deciding whether to approve a $50 million bond to relieve Charlotte’s affordable housing crisis.

City Council voted unanimously Monday to put the bond on the Nov. ballot.

“I need a place to live with my kids!” Evelyn Hill cried as she spoke to council.

It’s desperation we’ve heard before as council tries to fix the crisis.

“What are the citizens of Charlotte prepared to do?” said Hill. “Are you willing to step out on a limb?”

Now that council voted to put the $50 million housing bond on the ballot, advocates want people like her on an oversight committee to help council spend the money.

“People who are directly impacted by displacement and homelessness,” said Bree Newsome.

Advocates also want council to be prepared after the November vote.

“When we pass this housing bond, that we’re intentional about how those funds are distributed, that we’re also looking at it from a displacement standpoint,” said Angela Ambroise.

A study WCCB Charlotte reported to you in April found that Charlotte needs at least 24,000 units with rent as low as $394 per month.

City planners say even if voters approve the bond, council will have to look at other options besides building, like flipping naturally occurring affordable homes and keeping the rent low.

“I don’t know if I’m going to able to stay in Charlotte,” said Dasai Thomas.

She’s was homeless when she was 17-years-old. She’s 21 now and is in college

She and Hill fear they can’t stay in Charlotte even after graduating. Council says that affects everyone when companies can’t recruit.

“I work 16 hours a day and still go to school full time online,” said Hill.

Council also voted Monday to give $650,000 in federal grants to build three units in Druid Hills and eight units in Elizabeth Heights.

Those must go to people making about $56,000 a year, or 80 percent of the area median income.

Council voted to allow the city manager to make a $3.1 million offer on the Double Oaks CMS property for affordable units as well.