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Fall 2018 Stability. It’s not a word you might associate with a child’s future earning power, but it can be a precious commodity. For children, stability means waking up in the same bed, in the same home, in the same community every day. It means catching the bus to the same school with the same friends and the same teacher. It means homework before TV, eating dinner as a family and a book before bedtime. And, it has been proven that access to affordable housing, high- quality early childhood education and good schools in vibrant communities equates to stability. Without stability, it is exponentially harder for a child from a low-income family to move up the economic ladder. Many families in our community lack affordable housing. The average rent for a two-bedroom apartment in Charlotte is now $1,169. A single mother who earns $11 per hour would need to work 82 hours per week in order to pay no more than 30% of her income on rent. If she does work two jobs (or more), she may be able to pay the rent, but how does she spend time with her kids? How does she monitor their friendships and ensure they are learning in school? If she doesn’t work two jobs, where in Charlotte can she live, how does she put food on the table and pay the electric bill? All of these questions get at the heart of why the Housing Trust Fund Bond vote in November is so very important to our community. And, as one of the bond campaign co-chairs, I urge you to VOTE YES for the bonds to ensure that this community continues to be able to provide housing that is affordable for low- to moderate-income families. In this newsletter edition, you’ll meet a third-generation Charlotte development company partnering with us to create affordable housing and learn how you can be part of The Housing Partnership’s 30th anniversary celebration. Marsh Properties has a solid reputation of providing high-quality, well-managed rental housing in the Charlotte region dating back to the 1950s. The company, founded in 1926 by family patriarch Lex Marsh, a graduate of Wake Forest Law School, is still owned by the Marsh family. “Lex never practiced law but was interested in real estate and after the depression he began focusing on acquiring real estate for the long term,” said Jamie McLawhorn, president of Marsh Properties and spouse of Lex’s oldest granddaughter. Over the years, as other family members became involved in the business, most of the land was developed into 2,000 market-rate rental apartments that the company manages. The land-banking philosophy of Lex Marsh is helping to solve Charlotte’s current affordable housing dilemma as the company recently donated 7.8 acres in the Freedom Drive Corridor to be used for The Housing Partnership’s mixed-income apartment development. The donated land is located where Freedom Drive meets Camp Greene Street and was originally part of an Army training facility named after Continental Army Major General Nathanael Greene who commanded troops in the Carolinas during World War I. The donation comes at a time when soaring land, construction materials and labor costs have hampered the production of affordable housing. The proposed development will consist of 185 units for families with area median incomes ranging from 30% to 80% and will even include some market-rate units. This unique unit mix combined with free land from Marsh Properties, a low-interest equity investment and a long-term ground lease is the formula that makes an affordable housing deal like this possible in Charlotte’s current real estate market. “While we aren’t affordable housing developers, we believe it [affordable housing] is a community issue that takes community responses for community solutions,” said McLawhorn. The Marsh land donation is a tax-deductible contribution for the company that will have a direct positive impact on the bottom line of the project. “The driving force for the donation was the collaboration of The Housing Partnership as a high-quality affordable housing developer and the other community organizations who made investments,” said McLawhorn. A MESSAGE FROM OUR PRESIDENT A NEWSLETTER from THE HOUSING PARTNERSHIP PARTNER The PARTNER The Since inception, The Housing Partnership has revitalized communities and created brighter futures starting in neighborhoods just outside of Charlotte’s center city. With more than 2,000 rental units in our portfolio, we are the region’s largest private nonprofit provider of affordable housing for low to moderate-income families. In 2019, we will celebrate our 30th anniversary with a yearlong series of events to honor all of the accomplishments this community has made possible. We invite individuals and corporate partners to participate in the celebration by becoming a sponsor at one of the various levels. To learn how to become a full-year, single-event or grassroots sponsor contact us at 704.342.0933 or visit our website at cmhp.org/30thanniversary. Charlotte Mecklenburg Community Foundation contributed $5,000 for Latino homebuyer outreach. City of Charlotte awarded $316,000 for housing counseling and homebuyer education services. Enterprise Community Partners awarded $35,000 for staff training to address naturally occurring affordable housing (NOAH) issues. Marsh Properties donated 7.8 acres of land for the Freedom Apartments development. NeighborWorks® America contributed $192,000 for additional new home construction in Druid Hills, NOAH strategies, peer learning, trauma-informed healing training, staff capacity building and Hurricane Florence disaster recovery. U.S. Department of Treasury (CDFI Fund Financial Assistance Program) awarded $868,000 for downpayment assistance and homebuyer education with a focus on Latino families. Wells Fargo Housing Foundation awarded $165,000 for affordable homeownership initiatives and the construction of new homes in Druid Hills. Thank you to all of our donors and community partners for your support! Follow us at CMHP.org or on Facebook, Instagram and Twitter @CMHP1. The PaRTneR newsletter is published by The Housing Partnership and provided to public, private and community partners. Others interested in affordable housing issues may obtain a copy by sending an email to [email protected] or by calling 704.342.0933. Equal Employment Opportunity and Affirmative Action Agency. 4601 Charlotte Park Drive, Suite 350, Charlotte, North Carolina 28217 704.342.0933 Main Line • 704.342.2745 Fax cmhp.org CHARTERED MEMBER The Housing Partnership is a broad-based, private, non-profit housing development and finance corporation organized to expand affordable and well-maintained housing within stable neighborhoods for low and moderate income families in Charlotte and Mecklenburg County with a continuing interest in the ability of occupants to more fully enter the economic mainstream. Marsh Properties Gives Land for Affordable Housing Help us celebrate 30 years of advancing affordable housing Bond Campaign Co-Chairs: (pictured left to right): Reverend Dwayne Walker, Julie Porter, Jesse Cureton, Carol Hardison Proposed Freedom Drive apartments Jamie McLawhorn, president of Marsh Properties standing beside portrait of Lex Marsh. 30TH ANNIVERSARY FULL-YEAR SPONSORSHIP LEVELS ALL FULL-YEAR SPONSORS RECEIVE: • Company name included on all print & email invitations, website, newsletter, and event signage at the signature events • Acknowledgement on our website, in event press release and logo in our Annual Report Title Sponsor - $50,000 • Company name attached to all 30th Anniversary signature events • Branding on all events marketing • 20 tickets to each of the signature events throughout the year • Bring greetings/remarks at signature event(s) • Color logo ad on video screens during gala event • 30-second Feature in 30th Anniversary video • Full page ad in event program booklets Gold Sponsor - $30,000 • Branding on all events marketing • 10 tickets to each of the signature events throughout the year • Half page ad in event program booklets • 15-second Feature in 30th Anniversary video Silver Sponsor - $15,000 • Branding on all events marketing • 6 tickets to each of the signature events throughout the year • Quarter page ad in event program booklets • Logo on-screen during 30th Anniversary video Bronze Sponsor - $5,000 • Branding on all events marketing • 4 tickets to each of the signature events throughout the year • Logo on-screen during 30th Anniversary video Champion for Housing - $3,000 • Branding on all events marketing • 3 tickets to each of the signature events throughout the year • Logo on-screen during 30th Anniversary video SINGLE EVENT SPONSORSHIP LEVELS ALL SINGLE EVENT SPONSORS RECEIVE: • Company name included on print & email invitations, website, and event signage at a single event • Acknowledgement in our Annual Report Host Sponsor - $2,000 • 8 tickets for the event / 30-second on-screen logo and Logo in program Table Sponsor - $1,000 • 4 tickets for the event / 15- second on-screen logo and Logo in program GRASSROOTS SPONSORSHIP OPPORTUNITIES Housing Advocate - $100 • 1 Anniversary Gala ticket and 1 Single Event ticket of your choosing • Acknowledgement on our website and our Annual Report Housing Partner - $30 • 1 Anniversary gala ticket • Acknowledgement on our website We invite your support as we celebrate this milestone and move forward in advancing affordable housing. ADVANCING AFFORDABLE HOUSING Celebrating 30 years
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