Press
Fast Company – March 9, 2021
Instead of flipping affordable housing for maximum profit, these investors are keeping Charlotte’s housing accessible to those who really need it. One of the most promising models for preserving affordable housing in the United States just got a big validation. The Housing Impact Fund, an investment fund focused on buying and preserving non-public and unsubsidized naturally occurring affordable housing in Charlotte, recently doubled its investment in solving the city’s affordable housing shortage...
Fast Company – September 26, 2023
Investors and developers behind real estate and city planning projects are highly attuned to the ups and downs of the global economy, since their work requires significant capital, raw materials, and international supply chain coordination (not to mention favorable local-government policies). The unprecedented instability of 2020 will reverberate for years to come, but it’s also being met by the ingenuity of numerous forward-thinking builders. From recognizing undervalued assets to pushing inventive building techniques, several companies are showing that big ideas and long-term vision will help us ride out the uncertainty ahead…
WFAE - Charlotte’s NPR – April 23rd, 2025
Transportation is the leading source of emissions in North Carolina. To reduce planet-warming fossil fuel consumption, more people will need to electrify their rides — but carbon-free vehicles are still too expensive for many households to own.
Charlotte launched Carolina Carshare on Wednesday to help more people behind the wheel of an EV without paying the hefty price tag. The program is part of Forth’s federally funded Affordable Mobility Platform. Charlotte is the 13th city to join and the first in the Southeast, according to Heather Bolick, the city's chief sustainability officer…
Hoodline – April 23rd, 2025
CHARLOTTE, N.C. (April 23, 2025) – The City of Charlotte celebrated the launch of a new electric vehicle (EV) car share program today with a ribbon-cutting ceremony at Peppertree Apartments. The initiative brings affordable, reliable and environmentally sustainable transportation directly to residents in one of the city’s Corridors of Opportunity.
Peppertree Apartments, located in the Albemarle Road/Central Avenue Corridor of Opportunity, recently underwent $8 million in renovations to preserve affordability. The complex now features a fleet of shared EVs and charging infrastructure. Residents can reserve and use vehicles for daily errands, medical appointments and commutes without the high cost of car ownership…
City of Charlotte – April 23rd, 2025
The City of Charlotte cut the proverbial ribbon on a new electric vehicle (EV) car share program at Peppertree Apartments, aiming to provide eco-friendly and cost-effective transportation options to its residents. The launch marks a significant step toward improved accessibility in a city eager to drive change through sustainable practices. Peppertree was specifically chosen for its location within the Albemarle Road/Central Avenue Corridor of Opportunity, a prime area for innovation and community support...
Charlotte Business Journal, April 1st, 2024
Ascent Housing closed in March on its acquisition of Ascent Pineville at 8401 Habersham Pointe Circle through its affordable-housing trust. Locally based Ascent Housing has purchased a south Charlotte apartment property with plans to drop rents there…
Charlotte Business Journal – February 26, 2024
Ascent Housing closed earlier this month on the $15.3 million acquisition of Swan Run Apartments. The 92-unit property is located at 4600 Swan Meadow Lane in south Charlotte. Ascent Housing closed recently on the $15.3 million acquisition of Swan Run Apartments in south Charlotte through the Housing Impact Fund II…
Charlotte Business Journal – August 10, 2023
Bill Rogers, Truist chairman and CEO, speaks about the financial institution's investment to address affordable housing issues in North Carolina. The investment includes $15 million for Housing Impact Fund II. Truist continues to support affordable-housing initiatives in Charlotte with a second investment in the city's Housing Impact Fund…
WSOC-TV – December 21, 2021
Charlotte Business Journal – November 3, 2020
CHARLOTTE — More affordable housing units are about to be available in east Charlotte. On Tuesday, the Housing Impact Fund, in partnership with Ascent Housing, announced the purchase of Shamrock Gardens Apartments, a 265-unit property off Eastway Drive in Charlotte’s Shannon Park neighborhood. Shamrock Gardens is the Fund’s fourth property acquisition in just over a year and marks a year-in milestone of more than 500 converted affordable housing units to address housing insecurity and facilitate economic opportunity in Charlotte, according to a release…
WCNC – April 22, 2022
An apartment renovation project in east Charlotte could be the blueprint to help more renters with less money find homes. It starts with NOAH preservation. CHARLOTTE, N.C. — A new approach to helping solve Charlotte’s affordable housing crisis is resulting in rents in the $400 to $500 a month range, sheltering working families who cannot afford to live anywhere else. It's called NOAH preservation, which stands for Naturally Occurring Affordable Housing…
Charlotte Business Journal – December 18, 2020
The Housing Impact Fund and Ascent Housing have purchased Lake Mist Apartments, paying $18.5 million for the 144-unit property. A recently launched fund that will preserve affordable housing in Mecklenburg County has closed on its first acquisition…
Charlotte Business Journal – September 1, 2020
Roof Above and Ascent Real Estate Capital purchased a 341-unit property off Eastway Drive, at 3317 Magnolia Hill Drive, for $47.7 million. A Charlotte nonprofit organization and local real estate firm have acquired a naturally occurring affordable housing property in the Windsor Park neighborhood…
The Charlotte Observer, November 4, 2020
A group of Charlotte investors has announced a $58 million Housing Impact Fund, aimed at saving 1,500 affordable apartments from disappearing in rapidly changing neighborhoods. The fund, which includes $15 million from Charlotte-based Truist, will purchase apartment complexes and restrict rents for low- and moderate-income households. It is the largest concentrated investment to save what’s known as “naturally occurring affordable housing,” or NOAH properties, in the city…
A new private-sector fund that closed this week will help preserve naturally occurring affordable housing in Mecklenburg County. A new private-sector fund that closed this week will help preserve naturally occurring affordable housing in Mecklenburg County…
