CHARLOTTE-Arbor Glen, a 30-year-old ailing public housing project, is getting $8.75 million in tax credits over 10 years to rebuild itself. A 144-apartment project is set to break ground by year end.
The tax credits will be converted into the $6.8 million in private money needed to make the partially-bulldozed neighborhood at West Boulevard and Clarton Road a housing showcase. Arbor Glen was formerly Dalton Village.
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May 12, 2026
However, leasing dropped by eight percent.
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Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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