The lack of affordable housing: Some pointing the finger at corporate landlords [Video]

The city of Charlotte is proposing a 4.2-billion-dollar budget for fiscal year 2025 to cover day to day operations, city departments, and capital investments in transit, roads, and housing.

The proposed budget comes with a one and a half cent increase in property taxes.

Following the public hearing Monday night, the city will make any adjustments as the proposal heads towards a final vote next month.

Much of the discussion over the budget was about affordable housing.

Community members shared the struggles that come with keeping a roof over their heads, dealing with higher rents and the higher costs to buy a home.

Moreover, because of that there was support in the city’s proposal to double the affordable housing investment from 50 to 100 million dollars.

READ MORE: https://www.wcnc.com/article/news/the-lack-of-affordable-housing-some-pointing-the-finger-at-corporate-landlords/275-11b83965-200c-4e40-b025-a56d32e35dbe