After intense opposition to a proposed housing project in Ballantyne, the Charlotte Housing Authority pulled out Monday. The other developers of the project said the 86-unit apartment complex for low-income residents will continue.
The authority said it dropped the project at Johnston Road and Providence Road West because of concerns about its cost, which could be as much as $13 million. The project has been in the media spotlight because predictably Ballantyne area residents don’t low income housing in their ‘hood.
On Friday, the housing authority affirmed its commitment to the project, but on Monday, it bailed.
The Housing Authority issued a one-page press release Monday afternoon dropping out of the project.
“Questions about certain aspects of the projects structure, including its density (the total number of apartment units relative to the cost of the land) and funding, prompted our decision,” the release said.