Eastway Crossings

Project at a Glance 

Eastway Crossings is a newly constructed, 132-unit affordable housing development located in Charlotte, North Carolina. As a 4% Low-Income Housing Tax Credit (LIHTC) property, Eastway Crossings serves senior residents aged 55 years and older with household incomes at or below 60% of Charlotte Area Median Income (AMI). Thirty-six of the units – approximately 30% of the total homes – are reserved for previously homeless United States veteran residents through a Veterans Affairs Supportive Housing (VASH) project based voucher contract, administered by local housing authority, INLIVIAN. The common areas and amenities of Eastway Crossings are strategically designed to provide a high quality living experience. The site is equipped with spaces designated for a variety of resident activities, including a conference room, private one-on-one meeting room, laundry facility, craft room, computer center with library, large community room with warming kitchen and oversized screened-in seating area, along with ample tenant storage space.

Eastway Crossings is located along the LYNX Blue Line and is within walking distance of the recently completed Eastway Recreational Center, as well as the multi-million-dollar Community Resource Center planned by Mecklenburg County. County officials have expressed support for this innovative development and are excited about the collaborative community development efforts.

The Partnership

Eastway Crossings was developed in partnership with Urban Trends Real Estate Inc. We are co-developers, engaged on behalf of Harmony Housing, a national non-profit specializing in affordable and workforce housing. The project was made possible with the support of local community groups, elected officials and the collaboration of our public partners: City of Charlotte, Mecklenburg County, Inlivian, and the W.G. Bill Hefner Department of Veteran Affairs Medical Center.

Key Partners

• LIHTC Allocating Agency: North Carolina Housing Finance Agency
• Bond Issuer and VASH PBV Contract Administrator: Inlivian (formerly known as the Charlotte Housing Authority)
• Construction Lender: Key Bank
• Permanent Financing: Key Bank / Fannie Mae
• Subordinate Lenders: City of Charlotte Housing Trust Fund (HTF) and Mecklenburg County
• LIHTC Syndicator: Key Community Development Corporation
• Architect: Tise-Kiester Architects
• General Contractor: Weavercooke Construction, LLC