CHARLOTTE — Residents at an east Charlotte apartment complex said they are thankful for the council members’ decision Monday night to preserve the complex.
The City Council approved $4 million to preserve the Peppertree Apartments on Central Avenue at Kilborne Drive.
[ PAST COVERAGE: Council allots $8M in federal money to preserve east Charlotte apartment complex ]
The complex will keep the same number of units, which is 292.
There will be 88 units for residents who make 30% or less than the area’s median income.
Employees in the leasing office said the current rent is between $1,100 and $1,700 monthly. Proposed rental rates would be between $390 and $465.
In the video at the top of this webpage, residents tell Channel 9 reporter Almiya White how the plan will impact their lives.
VIDEO BELOW: Council allots $8M in federal money to preserve east Charlotte apartment complex
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