Ohio-based Woda Cooper Companies, Inc. said in an announcement it has delivered 72 units at Rivergate Greene in Charlotte, NC, with one-, two- and three-bedroom apartments for households that earn up to 30 to 60 percent area median income (AMI).
“Like many other growing and thriving cities throughout the country, the City of Charlotte currently has an inadequate supply of high-quality affordable housing. To that end, the City Council, through the use of the Housing Trust Fund, provided $1.9M of gap financing to support this development. This funding is another example of how the city utilizes public/private partnerships to address community needs while promoting equity and inclusion by leveraging local, state and federal resources,” said Pamela Wideman, director, City of Charlotte Housing & Neighborhood Services.
“Rivergate Greene provides an excellent affordable housing option for families or singles in the workforce or retired seniors,” said Woda Cooper Senior Vice President Denis Blackburne. “Units are reserved for a mix of incomes depending on family size — up to $58,140 for a family of six in a three-bedroom unit. The apartments offer energy-efficient, comfortable units that appeal to today’s renters with an array of amenities and onsite management.”