ACQUISITION / PRESERVATION / REDEVELOPMENT

Pines at Carolina Place

The Pines at Carolina Place is located in Pineville, the largest and arguably best suburb of Charlotte, North Carolina. Situated on ten acres with 389 parking spots, its 200 garden-style apartments offer one-, two-, and three-bedroom units. Apartment features include balconies, patios, walk-in closets and central AC. The Pines at Carolina Place has exceptional access to top-rated public schools, healthcare providers, shopping/dining options and employment hubs.


TOTAL COST
$ 18,050,000

DESCRIPTION
Pines at Carolina Place consists of 36 one-bedroom units, 116 two-bedroom units, and 48 three-bedroom units. All units were financed through the Low Income Housing Tax Credit Program. All of the current households are at or under 60% AMI, making them income-eligible for tax credits.

FINANCING
$ 6,779,500Fannie Mae
$ 3,700,000Low Income Investment Fund (LIIF)




FOLLOW OUR COMMUNITY BUILDING

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NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

This property is just one example of how NHPF’s commitment to affordable housing has helped American families.

ABOUT THE NHP FOUNDATION
Founded in 1989, The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low to moderate income families. Since 1994, NHPF has acquired and preserved 78 properties, totaling 13,616 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 47 properties, totaling 8,063 apartment units, in 16 states and the District of Columbia. NHPF also provides service programs to approximately 20,000 community residents.