City implements deed restrictions to maintain affordable homeownership

Affordable housing took center stage at the Charlotte City Council meeting on April 14, 2025, as officials discussed the critical role of deed restrictions in maintaining long-term affordability for homeownership.

City leaders highlighted how these restrictions work to ensure that homes remain accessible to low-income families. For instance, new townhomes come with a 30-year deed restriction, while homes built through Habitat for Humanity have a 15-year restriction. These measures prevent properties from being converted into rentals, thereby preserving their affordability.

The discussion emphasized that if a home is sold during the affordability period, it must be sold to a buyer earning below 80% of the area median income. Additionally, Habitat for Humanity has the right of first refusal, allowing them to repurchase homes and reintegrate them into their program, effectively restarting the affordability clock.

This approach not only secures housing for those in need but also strengthens the community by promoting sustainable homeownership opportunities. As Charlotte continues to grow, these strategies will be vital in addressing the ongoing housing crisis and ensuring that all residents have access to affordable living options.