For-profit impact fund manager American South Capital Partners is providing $4.23 million in preferred equity for the purchase and renovation of an affordable housing property in Charlotte, North Carolina, as an increasing number of the city’s residents struggle to pay for housing.
American South Capital Partners invests $4 million in Charlotte, North Carolina, affordable apartments
Move comes as nearly quarter of area’s renters find it difficult to pay housing costs
By Jon Leckie
CoStar News
September 12, 2024 | 8:22 P.M.
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IN THIS ARTICLE
- Properties
- Randolph Hills Apartments
3501 Wheatley Ave, Charlotte, NC