Finding Home, Building Hope in Charlotte, NC
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Charlotte, NC is facing a growing affordable housing crisis as rising rents outpace wages, putting pressure on essential workers and families. To address this, Foundation For The Carolinas launched the Charlotte Housing Opportunity Investment Fund (CHOIF) in 2019, raising $53 million to leverage private capital alongside the city's public Housing Trust Fund. Managed by LISC Fund Management in partnership with LISC Charlotte, CHOIF has helped fund nearly 2,000 affordable homes through strategic investments in high-impact developments. Under the leadership of Ralphine Caldwell, LISC Charlotte has expanded its impact, launching CHOIF II to continue addressing housing needs while also investing in broader community development efforts.
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planorial highlights the serious pressure rising rents are putting on essential workers in Charlotte. It's impressive to see how the CHOIF has already helped fund nearly 2,000 affordable homes through its strategic investments. The launch of CHOIF II seems like a promising next step to keep that momentum going for the community.
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