Charlotte Mecklenburg Library Digital Branch
THIS IS AN ARCHIVE OF THE CHARLOTTE JOURNALISM COLLABORATIVE WEBSITE
Visit Our New Website

Companies, city form partnership to tackle affordable housing in Charlotte

Charlotte Journalism Collaborative, WCNC-TV

Bank of America, Ally Financial and Barings will invest more than $70 million to help low-income residents who can’t keep up with rising rents.

By WCNC Staff

Three organizations teamed up with the city of Charlotte Tuesday to help tackle the affordable housing crisis.

Bank of America, Ally Financial, and Barings announced a partnership with the Queen City to provide lower interest rates to approved clients who want to rent or buy homes.

Getting someone to build affordable housing in the Charlotte area has been a tall order for years. Much to the chagrin of people like James Roberts.

“Financially, I was strapped and I needed affordable housing and I couldn’t afford the rent,” he said.

For more on this story, see the WCNC-TV website: https://www.wcnc.com/article/money/companies-city-form-partnership-to-tackle-affordable-housing-in-charlotte/275-9eb8d62e-7368-4754-8950-5a69769a4c9f

More Stories Like This

About The Project

Solutions Journalism Network launched the Charlotte Journalism Collaborative in 2019, a partnership of six major media companies and other local institutions focusing on issues of major importance to the Charlotte region. The collaborative is supported by $150,000 from the John S. and James L. Knight Foundation, as part of its $300 million commitment to rebuild the future of local journalism, essential to a functioning democracy.

The Charlotte Journalism Collaborative (CJC) is modeled on the Solutions Journalism Network method of investigating and reporting news with a primary focus on solutions to community problems. “At a time when local journalism jobs are disappearing and trust in media has hit an all-time low, the Solutions Journalism Network has taken on the challenge by organizing collaborative journalism reporting projects that promote excellent reporting and civic dialogue. the model has the potential to be part of a new wave of great local reporting, which is vital to building strong communities,” said Karen Rundlet, Knight Foundation director for journalism.

Read More

Menu