Acquisition of 120-Unit Affordable Housing, Charlotte, NC

Charlotte, NC, United States

The Historic Nathanial Carr Senior Community is a newly acquired 120-unit affordable housing development for seniors, located on a 4.5-acre parcel off West Boulevard in Charlotte, NC. Designed to serve residents aged 55 and older earning 30-80% of area median income, the property offers rents from $474 to $1,500 per month and aims to address displacement risks for vulnerable seniors. Its location honors the legacy of local African American developer Nathanial Carr and provides proximity to transit and essential services. Construction began in late 2023, with completion expected in fall 2024, positioning the property as a major addition to Charlotte’s affordable housing portfolio.