Description:
In January 2005, Robert Charles Lesser & Co., LLC (RCLCo) was retained by the City of Charlotte’s Neighborhood Development Department to conduct an assessment of the affordable rental and for-sale housing supply and demand in Mecklenburg County, North Carolina. The purpose of this assessment was to assist the City of Charlotte in preparing a five-year Housing and Community Development Plan for the U.S. Department of Housing and Urban Development and to assist the City’s Housing Trust Fund Advisory Board in making trust fund allocation recommendations to City Council.
As part of this assessment, RCLCo identified and projected unmet affordable housing needs for households earning below 30%, 50%, and 80% of the Area Median Income (AMI). Using available demographic, economic and housing data for the Charlotte market (including the U.S. Census Public-Use Microdata Sample (PUMS) data, Claritas, Market Opporortunity Research Enterprises (MORE), and the Carolina’s Real Index), RCLCo quantified the current and projected five-year housing supply and demand for priority needs households in Mecklenburg County and in each of the seven Charlotte-Mecklenburg Planning Districts (North, Northeast, Northwest, Central, South, Southeast, Southwest).
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