The Client:
Habitat for Humanity
Charlotte Region
THE OPPORTUNITY
Habitat for Humanity of the Charlotte Region owned a 8.3-acre site in East Charlotte. Although the team had significant development experience in housing, it was their first time with plans to develop a larger community with various incomes targeted between 30%-140% AMI. They wanted help taking the right steps as a local non-profit developer, selecting a partner in the market with aligned values and goals . Give Impact immediately recognized the importance of collaborating with the right ____ in this corridor, who were committed to ensuring the community had an opportunity for equitable living on this beautiful site surrounding by two ponds.
With the goal of developing a mixed-income community, we helped them establish a partnership with a new minority developer group who can deliver high quality product, bring a creative lens to the mix of incomes and product type, and help identify creative resources.
How We Served
Conducted strategic planning sessions with the Habitat team to determine the parameters of success for mixed income developments and community impact
Created a process for local parties to express interest in participation in the land development (Request for Interest aka “RFI”)
Interviewed respondents and conduct Request for Proposal (RFP)
Negotiated MOU
Lead Bi-weekly Team Meetings with internal group and civil engineer.
Assisted in rezoning support
THE IMPACT
Give Impact’s role in this project was multifaceted. We helped evaluate the site for acquisition, led the rezoning process, and managed the RFP that resulted in selecting the developer partners. In addition, we negotiated the gift agreement and helped craft a 99-year master deed restriction for the assemblage.
In Their Words
"When Habitat Charlotte Region set out to work on soliciting a codeveloper for our first mixed income project, we sought Give Impact’s consultation and guidance in leading us through the RFP process. From the beginning, Give Impact shared our vision for the project and assisted with attracting partners who also aligned with our vision for the community. Throughout the process we’ve been able to lean on Give Impact’s expertise in the affordable housing space, connectedness, and deep understanding of real estate development finance. Most importantly, I believe that we’ve been able to increase our capacity for innovation, impact and strategic relationships through partnering with Give Impact. I look forward to bearing the fruit of our work together!"
-Jennifer Morrell
Director of Land Acquisition and Development, Habitat for Humanity of the Charlotte Region
