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DreamKey Partners Completed $31 Million In Real Estate Development In 2020

DreamKey Partners Completed $31 Million In Real Estate Development In 2020
Capital Investments Connect More People to Affordable Homes, Revitalize Neighborhoods
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CHARLOTTE, N.C., May 19, 2021 /PRNewswire/ DreamKey Partners completed $31 million in real estate development in 2020, bringing total investments to $353 million since its founding in 1989. DreamKey Partners, formally Charlotte-Mecklenburg Housing Partnership, is a full-service real estate development organization focused on affordable housing that oversees land and acquisition, design and entitlement, capital sources, construction and management. The organization also includes community engagement – listening sessions with neighborhood leaders and residents – as a critical component of its development process. ....

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Charlotte Diocese Opens $14M Affordable Senior Apartments

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Seniors have begun moving in to the Guardian Angel Villa apartments in the Steele Creek area.
A new $14 million affordable apartment complex opening this week in south Charlotte will provide 81 units for senior citizens at below-market rents.
Guardian Angel Villa is a partnership between the Catholic Diocese of Charlotte Housing Corp. and private developers Douglas Development and Schaumber Development.
The three-story building was built on 20 acres the diocese owns on South Tryon Street in the Steele Creek area.
Federal tax credits and below-market loans from the state and the City of Charlotte Housing Trust Fund helped finance the project.
Diocese officials said the first of an expected more than 100 residents are moving in this week. It s open to people 55 and older, with three-quarters of the apartments reserved for those making no more than 60% of the area median income (AMI), or about $33,000 a year for a single person. Another one-quarter are set ....

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