DreamKey Partners, a leading nonprofit developer of affordable housing in Charlotte, North Carolina, has used $1,846,520 of its $13 million line of credit from Community Housing Capital to acquire a 6.3-acre site that will become the Johnston Oehler Senior Apartments. With low-income households currently priced out of Charlotte’s increasingly expensive rental market, the new construction project will create 140 apartments for seniors with household incomes from 30% to 80% area median income. The high-quality, new construction housing will offer an active lifestyle for the residents and a full-time professional property management staff that will serve onsite.
