About Us
"Charlotte may have cracked the code on affordable housing – Here's How."
"Charlotte may have cracked the code on affordable housing – Here's How."
NATE BERG,
Our Mission: Preserve Naturally-Occuring Affordable Housing
Ascent Housing is a leader in the preservation of naturally-occurring affordable housing (NOAH) based in Charlotte. Our investments target older apartment communities in opportunity-rich neighborhoods that are vulnerable to gentrification. Our strategy protects existing residents from displacement, improves properties through meaningful renovations, and ensures that rents remain affordable to 0-80% Area Median Income (AMI) households in the future.
Peppertree Apartments – Charlotte, NC
Our Approach: Build Resilient Communities
Ascent Housing has leveraged partnerships to capitalize approximately $320 million towards the preservation of nearly 2,305 quality, well-located housing units. We have pioneered the use of social impact capital to create housing opportunities for households ranging from 0-80% AMI households with a deep commitment to serve those most affected by housing insecurity.
Our approach recognizes that stable housing is essential for fostering upward mobility. We prioritize the creation of quality, affordable living spaces within each community. Once we establish these homes, we focus on providing supportive services designed to enhance resident stability and build social capital.
Key Pillars
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Protect vulnerable residents from displacement
Create housing that’s affordable to 0-80% AMI households for 20 years
Target high opportunity neighborhoods with access to jobs, retail, transportation, and good schools
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Improve communities with meaningful renovations
Spend 90%+ of capital improvements with minority-led contractors, promoting small business growth, job creation, and economic mobility
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Offer programming in the areas of financial & workforce development, education, health & nutrition
Provide counseling, resources, and referrals through on-site Community Health Workers
