Safe, welcoming, and affordable multifamily units designed to enrich the lives of Charlotte’s lower-income seniors and veterans.
Project at a Glance
Vibrant Eastway Park represents an opportunity to add quality, affordable senior housing to a gentrifying area currently struggling with rent affordability. The area surrounding the property is rapidly redeveloping; however, there is limited affordable senior housing.
This project will provide long term-affordability and homes for seniors in East Charlotte.
The project will set aside units for the seniors (over 55 years old) and veterans population. Greystone Affordable Development received an award of 40 VASH vouchers to support the veteran population.
- LIHTC Allocating Agency: North Carolina Housing Finance Agency
- Bond Issuer: Inlivian (formerly known as the Charlotte Housing Authority)
- Subordinate Lender: City of Charlotte Housing Trust Fund
- Subordinate Lender: Mecklenburg County (application pending)