New affordable housing community to open Uptown

INLIVIAN and Urban Atlantic secured $84 million in construction funding for “Trella Uptown,” a mixed-income apartment community that will be located at 426 N. Tryon Street. It will have 106 units available for residents who earn $22,600 –  $60,300 annually. 

The announcement comes as Charlotte’s housing state seems to become rapidly less affordable for many working and middle class families.

Trella Uptown is planned to offer resident-supportive services like employment readiness services, after-school programming for youth, child literacy classes, family counseling and life coaching.

The complex will be located near employment, cultural and educational centers, as well as two LYNX light rail stations.

Contributors to the $84 million in funding include:

  • Chase: $50 million
  • Aetna: $16 million
  • Horizon Development Properties: $7.8 million 
  • Mecklenburg County: $6 million
  • City of Charlotte: $3.2 million

Trella Uptown is described as being a “first-of-its-kind” in the state of North Carolina. 

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