Sycamore Station II Brings 168 New Affordable Homes to Charlotte
Slice of Construction Team
06/16/2025
Key highlights
- 168 affordable units underway in Charlotte’s Oak Forest neighborhood
- Rents below market rates for residents earning up to 60% AMI
- Modern amenities include clubhouse, playground, fitness center access
- $20.8M in LIHTC equity and $63M in Citibank financing
- Completion expected in Spring 2027
Notable Quote
“ As one of the fastest growing cities in the country, there is an incredible need to ensure that there is ample affordable housing in Charlotte. We are proud to partner on this development, which will provide high-quality, affordable homes and help meet the critical demand for housing in this vibrant and expanding community. ”
Anil Advani, Executive Vice President of Originations and Finance at WNC & Associates
Why This Matters
Charlotte continues to rank among the fastest-growing cities in the U.S., driving up demand—and costs—for housing. Sycamore Station II is a critical addition to the city’s affordable housing stock, serving families earning no more than 60% of the local Area Median Income. The partnership between WNC, Winterwood Development, and Lumina Partners exemplifies a collaborative, financially sustainable model for delivering much-needed affordable homes. As rising housing costs challenge many urban areas, projects like Sycamore Station II offer a proven path to balanced, inclusive community growth.
