NHPF remains very concerned regarding the overall health and well-being of our 25,000 residents during the Covid-19 crisis. We have been actively working with our third-party management companies in taking steps such as increased cleaning of common areas, limiting resident contact except for emergency situations and, through our resident services program subsidiary Operation Pathways, providing information about resources for financial assistance, food, medicine, transportation, and needed supplies. In addition, we have placed a moratorium on all evictions for non-payment of rent for the duration of this crisis and are actively engaging our residents who have been financially impacted to discuss payment plans. We fully appreciate the social and emotional tolls the length of this crisis have taken on our residents and we will follow all local and state government directives regarding the reopening of our sites and community centers. The safety and well-being of our residents remains our highest priority.

Pines at Carolina Place

Affordable Housing in Pineville, North Carolina

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)