The West Side Community Land Trust received $6 million to secure its largest acquisition to date, adding 32 properties to its portfolio of lasting affordable homes, the nonprofit announced Tuesday.
Mecklenburg County commissioners approved using American Rescue Plan Act money to acquire the homes in the Hoskins Road community in northwest Charlotte. Other donors, including Charlotte’s Fifth Third Bank, round out the public-private partnership.
The homes, including many that need extensive repairs, are occupied by some 23 families — but as renters. About a year ago, residents worried when they learned the then-owner was thinking of selling them. So they reached out to the land trust for help.
“They felt a great sense of fear when they found out,” Charis Blackmon, who heads the land trust, told the Charlotte Observer. “They felt like … somebody was going to come in and purchase, demolish and build something else.”
Read more of this story at The Charlotte Observer
