On Tuesday, November 4, Charlotte citizens will vote on $227.2 million in transportation, neighborhood and affordable housing bonds. No tax increase is needed for the bonds.
The $170.2 million transportation bond will include:
-
$84.7 million for major road construction projects
-
$70.5 million for a combination of transportation improvements, infrastructure, and enhancements
-
$15.0 million for new residential and thoroughfare sidewalks
The $47 million Neighborhood Improvement Projects bond will provide new and reconstructed infrastructure such as curb and gutter, sidewalks, streetscape and storm drainage in neighborhoods showing signs of distress such as Enderly Park, Ponderosa, McCrorey Heights, Hidden Valley and Plaza Shamrock, Eastland, and Double Oaks.
The $10 million Affordable Housing Bond monies will be used to support the City's Housing Trust Fund, which will leverage private dollars to increase the development of affordable housing for low and moderate-income families.
For more information on these bonds as well as updates on projects funded by previous City bonds visit citybonds.charmeck.org.