The Legacy at Carr Heights Senior Apartments Grand Opening - a CHOIF investment
- Jul 16, 2024
- 1 min read
As an investor in the development through the Charlotte Housing Opportunity Investment Fund, we extend heartfelt congratulations to The Paces Foundation and Soho Housing Partners on the successful grand opening of The Legacy at Carr Heights Senior Apartments. This momentous occasion marks a significant achievement in addressing Charlotte's critical need for affordable housing for seniors.
The $31 million development, made possible through a strategic public-private partnership, exemplifies the power of collaboration among The Paces Foundation, Soho Housing Partners, and a coalition of local stakeholders including the City of Charlotte, community agencies, and financial institutions like ours. We are proud to have partnered alongside Fifth Third Bank, Raymond James, Barings, and others to contribute to this transformative project.
Located in the vibrant West Boulevard community, The Legacy at Carr Heights not only provides 120 new apartment units for seniors aged 55 and older but also fosters community spirit with amenities designed to enhance quality of life. This development pays homage to Nathaniel Carr's legacy and commitment to community building, further enriching the historic Carr Heights neighborhood.
We commend the developers, designers, legal advisors, and all parties involved for their dedication and expertise in bringing this vision to fruition. The Charlotte Housing Opportunity Investment Fund remains committed to investing in impactful projects that strengthen communities and improve lives.
For more information, read the full press release here:
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