CHARLOTTE — Charlotte’s latest affordable-housing community has opened.
The Residences at Cedar Creek, a 200-unit mixed-income apartment community, was delivered last week. The $54 million project, developed by Cleveland-based NRP Group, is located at 7224 Forest Point Blvd. That’s just off Interstate 77 near Arrowood Road.
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Jason Mochizuki, NRP Group vice president of development, said The Residences at Cedar Creek has one-, two-, three- and four-bedroom units that are priced predominately for residents making 60% of the area median income (AMI). Twenty percent of the units are priced at 30% AMI. Another 10% of units are priced as workforce housing, or 80% AMI.
Read more on CBJ’s website here.
VIDEO: City’s new year push for affordable housing: 200 units open in southwest Charlotte
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