From Dimple Ajmera <[email protected]>
Subject $80K Forgiveable Loans to Build Affordable Rental in Your Backyard
Date October 1, 2025 4:04 PM
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** The city will forgive $80K to build an affordable rental unit in your backyard
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The City of Charlotte is offering $80,000 forgivable, interest-free loans to property owners who build small ([link removed]) , affordable rental homes on their land.

The new Queen City Accessory Dwelling Units (ADUs) Program helps address the affordable housing crisis while homeowners have a chance to earn extra income from their backyard.

ADUs could be a converted basement or a standalone backyard building and must have a kitchen, bathroom, sleeping area and separate entrance – a set-up that typically works well for seniors and single residents.

To be eligible for the city financing, owners must rent their ADUs to residents earning no more than 80% of the area median income ($62,850 for a single person or $89,750 for a family of four). ([link removed])
* Rent must be capped at the "Fair Market Rent" for a studio at 70% AMI, which currently would be $1,099, per the city's zoning administration manual. ([link removed])
* The loan is forgiven at $10,000 per year of affordability, up to eight years.
* For faster forgiveness, landlords may lease to voucher holders or residents referred by supportive service agencies or the city's housing partners and receive up to $15,000 annually.

Building an ADU costs around $90,000 to $250,000, depending on the size, design and materials, per the city's estimates.
* From design to move-in, the construction process could take six months to two years.

Charlotte's housing affordability crisis continues to worsen. More than half (51%) of the metro area's renters are cost-burdened, meaning more than 30% of their income is spent on housing.
* Mecklenburg County produced 11,500 fewer housing units ([link removed]) than it needed to keep up with growth over the past decade. To catch up, it needs 10,600 new housing units a year.

Homeowners can apply here ([link removed]) through the city's Housing and Neighborhood Services Department.

Forward together,
Dimple Ajmera
Charlotte City Council
[email protected]
Can you donate $25 for our 2025 campaign? Click here ([link removed]) .
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Dimple Ajmera for City Council

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