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)