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Council considers 80-unit affordable senior housing plan with conditional funding timeline
Summary
A petition for an 80-unit affordable housing development proposed an 18-month financing contingency and a 20-year affordability commitment for most units; council sought clarity on infrastructure and funding timelines.
A proposal by CSE (Crossland Southeast / CSE Communities LLC) to develop an affordable multifamily project south of Mount Holly Huntersville Road drew council attention on Feb. 17 over funding timelines, pedestrian infrastructure and the petition’s contingency clause.
Staff described the site as just over 2.5 acres proposed for Community Activity Center 1 (CAC1) conditional zoning. The petitioner committed to 80 multifamily stacked units, with 70% of those units limited to households earning no more than 80% of area median income (AMI) for at least 20 years. The petitioner said the project would seek Housing Trust Fund financing and Low-Income Housing Tax…
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