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Charlotte council approves Enlivien bond issuances to finance two affordable-housing projects
Summary
The Charlotte City Council voted to approve two bond issuances requested through Enlivien to finance construction and land-acquisition costs for affordable housing developments — Central at Old Concord and View at Honeywood — and recorded a disclosure from a council member with a tenant relationship to the owner.
The Charlotte City Council on March 24 approved two bond issuances requested through Enlivien to support development of affordable rental housing in the city.
Council members voted to authorize a $28,400,000 bond issuance for Central at Old Concord (item 51), a project in District 1, and to authorize a bond not to exceed $17,000,000 for View at Honeywood (item 52) in District 2. Councilmember Dante Anderson introduced the motion and the nominations carried with no recorded opposition at the public meeting.
The council heard from Councilmember Dante Anderson and from colleagues who described the actions as city approvals for Enlivien’s ability to issue debt for those projects. Council materials and remarks during the meeting said the city previously committed $4,200,000 in housing-trust-fund dollars to Central at Old Concord and that the View at Honeywood project has been approved for a 4% tax credit by the North Carolina Housing Finance Agency. The council’s vote authorized the agencies to proceed with the bond issuances; the documents required to effectuate financing will be handled through the city manager and finance staff.
City legal staff also asked a council member to make a disclosure on the record. City Attorney (referred to in the meeting as “Mr. Fox”) recorded that Councilmember Renee Johnson reported she uses property in an Enlivien-owned building; the attorney said he did not believe the relationship created a disqualifying financial conflict for this action and the disclosure was placed on the record.
Why this matters: the approvals enable Enlivien to issue debt to help cover land-acquisition and construction costs for two projects the city described as targeted to households at or below 80% of area median income. Councilmembers and staff framed the actions as part of the city’s ongoing affordable housing investments.
No additional conditions or contingencies were announced at the time of the vote; staff will complete the customary closing documents and any further public notices tied to financing. Councilmembers who raised questions during the discussion asked staff to continue public-facing clarification about the city’s role versus Enlivien’s role in development approvals and financing.
Provenance: The discussion and vote on items 51 and 52 began during the consent/agenda portion of the March 24 council meeting and concluded with a voice vote recorded at the meeting.
