(By Ely Portillo, The Charlotte Observer, NC). Covenant Presbyterian Church has decided to invest $2 million in a new affordable housing development in west Charlotte, the church said Tuesday.
The Charlotte Mecklenburg Housing Partnership is developing 185 apartments at the southwest corner of Freedom Drive and Camp Green Street. About 30 percent of the units will rent at market rate, while the remainder will be reserved for people making less than the area’s median income.
“Our church views decent and safe housing as a critical foundation to humanity,” said Bob Henderson, Covenant’s senior pastor, in a statement. “Covenant hopes to make an impact that will increase awareness of and advocacy for households with affordable housing needs by creating a model to finance its development that other organizations can replicate.”
This is the church’s first such investment.