Affordable Housing (also known as Inclusionary Housing)
Davidson encourages the production of affordable housing by requiring 12.5% of homes in all new developments to be affordable. With inclusionary housing, construction of low-and-moderate income housing is linked to construction of housing in the marketplace by mandating developers to provide the affordable units in an otherwise market-driven development. In doing so, inclusionary housing not only generates units affordable to low-and-moderate income families, but also provides opportunities for racial and economic integration. With inclusionary housing, affordable units are built concurrently with market-rate housing.
For more information on fair market rent and income, see the FY2021 Fair Market Rent (FMRs) Documentation System- Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area (huduser.gov)
Goals of the Affordable Housing Program
The goals of the program are to create mixed income neighborhoods; produce affordable housing for a diverse labor force; seek equitable growth of new residents; and increase home ownership opportunities for low-and-moderate income levels.
Who Lives in Affordable Housing in Davidson?
Some elderly residents are unable to afford the skyrocketing price of homes in Davidson as well as people who work at jobs that pay low-to-moderate wages. Examples include:
- Fire fighters
- Retail sales clerks
- Mail carriers
- Police officers
- Office workers
- Social workers
- Entry level professionals in other fields
- Young adults, recent high school and college graduates
How To Apply for a Home
To learn about the application process, email Eugene Bradley, Housing and Equity Director, or call 704 940-9653.
Critical Home Repair Program
The Critical Home Repair Program, in collaboration with Habitat for Humanity, provides comprehensive repairs designed to eradicate problems and extend the functional life of a home. In addition, it allows the owners to age in place in the safety and security of their own home. For more information, click here.
The Down Payment Assistance Program provides assistance to income-qualified buyers who meet program guidelines. For more information, click here.
The requirement to provide a certain percentage of affordable housing units applies to any new development in Davidson with 2 or more residential units. This requirement applies even if the development is phased in over time. For more information, click here.
Selling an Affordable Home
For information about the process for selling an affordable home, please click here.