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This report sets INLIVIAN's four joint ventures with private developers side by side: who holds the seat, what share of the developer fee, cash flow and sale proceeds INLIVIAN's development company takes, who guarantees, and what INLIVIAN brings in land and vouchers. Alleghany Crossing leads, followed by Trella Uptown, The Vue at Honeywood and Evoke Living at Ballantyne. Read Online, at the top right, opens the full report in a browser. The email captures each deal as of November 5, 2026; the project page linked from each section stays current.

Deal Tracker November 5, 2026 – CC October 9, 2023 – CC November 21, 2022 – CC October 17, 2022

District: 2 | West Inner

Deal Tracker November 5, 2026 – CC September 22, 2025 – INLIVIAN September 16, 2025 – CC November 28, 2022 – LGC October 4, 2022 – INLIVIAN September 20, 2022 – CC December 13, 2021 – CC September 27, 2021 – INLIVIAN April 20, 2021

District: 1 | Uptown

Deal Tracker November 5, 2026 – LGC September 9, 2025 – CC March 24, 2025 – CC January 21, 2025 – ZC January 7, 2025 – CC December 16, 2024 – CC April 24, 2023

District: 2 | West Inner

Deal Tracker November 5, 2026 – CC June 24, 2024 – CC February 26, 2024 – CC April 24, 2023 – CC November 15, 2021

District: 7 | South Outer

In all four, the private developer gives the guaranties, and INLIVIAN's development company, Horizon Development Properties (HDP), is paid for what it brings: the land at Trella, a general partner seat meant to qualify Alleghany for the property tax exemption and 55 vouchers there, 12 vouchers at Evoke, and the managing member seat and 27 vouchers at The Vue. At Trella INLIVIAN's money is also in the building: INLIVIAN's $4,361,191 loan in the December 2025 sources, and the $3,000,000 completion loan from the managing member INLIVIAN owns 51% of.

Evoke's March 2023 agreement gave an INLIVIAN subsidiary 15% of the managing member, member only, and 15% of the fee for 12 vouchers; Alleghany's January 2023 agreement made INLIVIAN sole general partner at 30% of the fee and 27% of cash flow and sale proceeds. The Vue's May 2025 agreement prices the seat in more pieces: 30% of the fee, 20% of the partners' 90% of cash flow, 18% of the sale balance, options and a right of refusal after the compliance period, and consent over the operating agreement, contractors, lenders, investors and plans. Trella's signed pre-closing outline split the fee 50/50; the closed deal gave INLIVIAN 75% of the fee, and INLIVIAN kept the land.

JPI Real-Time Tracking Link: INLIVIAN Deals

Deal Tracker 11/5/26 – City Council 10/9/23

Elmington Capital Group, the Nashville developer, is building Alleghany Crossing's 220 apartments with INLIVIAN inside the partnership. C. Hunter Nelson, an Elmington partner, signed the joint venture as its Secretary on January 18, 2023, and it took effect January 23; Senior Vice President of Development Joseph Horowitz came from Nashville for the rezoning hearing. INLIVIAN's development company, Horizon Development Properties (HDP), holds the sole general partner seat, 0.003% beside the investor's 99.99%, and co-develops; Fulton Meachem signed for both, as INLIVIAN's President and CEO and HDP's President. Elmington leads and takes 70% of the developer fee, cash flow, and sale or refinance proceeds; INLIVIAN takes 30%. INLIVIAN commits 55 project-based vouchers to the 30% AMI units, and the joint venture ends automatically if they are never allocated.

Charlotte City Council approved INLIVIAN's issuance of up to $40,000,000 of multifamily housing revenue bonds for the partnership, HDP Alleghany, LP, on its consent agenda on October 9, 2023; no one had spoken at INLIVIAN's September 7 hearing. The State's Local Government Commission cleared the $40,000,000 issue on November 14, 2023, the same day it cleared $21,000,000 for INLIVIAN's Fairhaven Glen. Mecklenburg County issued building permits for all five buildings on April 19, 2024.

Site work ran well ahead of the buildings. The City issued the grading permit on June 18, 2024, and the County passed the first foundation inspection on December 10, 2024, but the City's grading inspector wrote on October 7, 2025 that the site "has not begun building construction due to Charlotte Water requirements"; by December 10 vertical construction had begun.

The City approved revised construction plans on January 9 and October 19, 2026. The City's grading inspector found some hardscaping and landscaping work on October 29, 2026, and the five-sign permit filed that day went back on November 2 because each sign needs its own. The County's latest inspection, on November 5, 2026, partly approved the frame recheck and insulation at Building A2's fitness center; no building has a final inspection or certificate of occupancy.

Truist Community Capital's March 2023 terms price the equity at $0.95 per dollar of credits, on $3,252,896 a year of 4% housing credits and $2,500 a unit of 45L energy credits. Truist Bank would lend up to $52,859,018 for construction at one-month SOFR plus 2.50%, and Grandbridge would take out $32,408,235 at 5.25%, a 15-year term on 40-year amortization. The budget comes to $72,778,919, $330,813 a unit, with a $4,400,000 developer fee, $2,045,671 of it deferred.

In May 2023, Elmington and INLIVIAN sought $49,000,000 of bond volume, with the bank loan split into two 5.25% tranches. The second tranche, $6,903,091 with $413,250 of annual debt service, rested on $526,812 a year of voucher subsidy above the tax credit rents:

Elmington and INLIVIAN then replaced that second tranche with a $6,903,091 member loan at 3.43% and no scheduled debt service, took the voucher subsidy out of projected income and cut the bond request to $40,000,000, the amount Council approved. The bank loan alone carries $1,940,101 of annual debt service at 1.151 coverage.

Elmington Construction builds, an Elmington affiliate holds the Class B limited partner interest, and Elmington arranges every completion, repayment, tax credit, and operating deficit guaranty and funds all predevelopment, reimbursed at the initial closing. INLIVIAN has no obligation to fund operating deficits, capital contributions, partner loans, repurchase obligations or guaranties, never refunds predevelopment costs, and gives a guaranty only in a form and scope it accepts. Elmington Affordable and five individual partners of the Class B partner, Scott Sohr, Ben Brewer, Cary Rosenblum, Hunter Nelson and Ryan Seibels, guarantee the Class B partner's, developer's and general partner's obligations with $2,000,000 of liquidity and $5,000,000 of net worth; the personal guaranties burn off at stabilization and 8609s. The Class B partner funds operating deficits, capped at $3,270,448 after the stabilization installment, until the end of that installment's fifth anniversary year if coverage averages 1.15 and the reserves are whole.

INLIVIAN's control as general partner is meant to qualify the project for North Carolina's property tax exemption, which INLIVIAN agreed is critical to the financing. Residual cash flow and sale or refinancing proceeds split the same way: 10% to Truist under its draft, and the balance 70% to Elmington and 30% to INLIVIAN under the joint venture, or 63%, 27%, and 10%. After the 15-year compliance period, the general partner holds a one-year first option to buy the property, at the greater of fair market value or the debt and amounts owed, and a right of first refusal at the debt plus the sale's income taxes. The joint venture reserves the right of first refusal at the Section 42(i)(7) price and the options to buy the investor's interest and the project for INLIVIAN alone.

Construction, site work, design and engineering total $51,427,940, $233,763 a unit, $32,780,000 of it for the buildings; Mecklenburg County valued the five building permits at $24,130,195. Elmington Construction builds as an identity-of-interest contractor, with $2,521,200 of profit in the budget. The budget carries the land at its $4,200,000 option price; HDP Alleghany took title on February 28, 2024, for $4,120,000.

Read the Full Analysis: 11/5/26 – 10/17/22 Alleghany Crossing

Developer: Elmington Capital Group

Public Partner: INLIVIAN

Capital Partners:

Representatives:

Staff Report: 2022-055, 2022-055 Pre-Hearing Analysis

Project Plans: Alleghany Crossing Apartments Plans, 2022-055 Rezoning Plan (November 21, 2022), 2022-055 Rezoning Plan (October 17, 2022)

Ordinance: 2022-055 Ordinance

Pro Forma: Alleghany Crossing Operating Pro Forma (October 29, 2024), Alleghany Crossing Operating Pro Forma (August 3, 2023)

Term Sheet: Alleghany Crossing Member Loan Term Sheet (August 1, 2023), Alleghany Crossing Permanent Loan Term Sheet (May 10, 2023), Truist Community Capital Term Sheet (March 22, 2023)

Memorandum of Understanding (MOU): Alleghany Crossing Joint Venture Agreement (January 23, 2023)

Closing Documents: Alleghany Crossing Ownership Chart

Deal Scan: Alleghany Crossing Apartments Deal Scan

Deal Tracker 11/5/26 – City Council 9/22/25

INLIVIAN keeps the land under Trella Uptown. Its development company, Horizon Development Properties (HDP), owns the block at N Tryon St and E 8th St, and on December 23, 2022, ground-leased it for 99 years to two companies that split one seven-story building between them. 8th and Tryon AUOE, LLC holds the 106 affordable units, financed with INLIVIAN's tax-exempt bonds and 4% tax credits; 8th and Tryon MROE, LLC holds the 247 market-rate units, financed on its own. INLIVIAN owns 51% of the affordable side's managing member, and Urban Atlantic, led by managing partners Lois Fried and Vicki Davis, owns 49%. INLIVIAN keeps 75% of the $1,431,000 developer fee, up from the 50% the two had set in the signed outline that preceded closing, and took a $212,500 bond issuance fee at closing.

INLIVIAN's board approved a further issuance of up to $3,000,000 for the same borrower on September 16, 2025, for financing or refinancing, after a public hearing on August 11 at which no one spoke. Charlotte City Council approved it on September 22 on its consent agenda.

Trella Uptown is built. Mecklenburg County issued the building's permits section by section between May 25, 2023, starting with the footings, and September 11, 2024, and closed the final one on June 23, 2026; the City finaled the grading permit on July 9, 2026. The County issued certificates of occupancy across the project from December 9, 2025 to June 23, 2026, every residential level among them. Its newest inspection, an electrical final on Shell Section C, passed on August 20, 2026; that section still shows no certificate, with five holds open from City Fire, Commercial Zoning, Urban Forestry and Charlotte Water. The City's landscape inspector failed the streetscape on April 16, 2026 for the wrong tree species on 8th and College and an unscreened transformer, and finalized it on May 20.

INLIVIAN priced $16,348,000 of Series 2022 bonds on December 20, 2022, rated Aaa/VMIG 1, at a 5.00% initial rate and 103.982% of par, and delivered them on December 23. Through construction, the bonds rested on cash, not on the building: draws on JPMorgan Chase's $16,287,972 construction loan and the INLIVIAN and City loans served as collateral, and June 1, 2026 was the bonds' first mandatory tender date. Massachusetts Mutual Life, through Barings, takes out up to $13,798,419 as the permanent lender.

After the January 2024 rain event, the budget stood at $43,941,472 in December 2025, $414,542 a unit, up from $33,965,921 at closing. The managing member, 8T Affordable Partners, LLC, lent $3,000,000 to cover the overruns, unsecured and subordinate and repaid first from insurance proceeds; the August 27, 2025 amendment raised that loan from $1,300,000. $910,714 of the developer fee is now deferred, and the operating reserve is $795,000. MassMutual's $13,798,419 permanent loan and Red Stone's $15,142,231 of equity lead the December 2025 sources, beside INLIVIAN's $4,361,191 loan at 4.34% on a 20-year term and 30-year amortization, the City's $3,200,000, the completion loan and the deferred fee.

Urban Atlantic, not INLIVIAN, is the guarantor: it backs construction completion and the tax credits, and operating deficit loans up to $795,000 for at least five years after stabilized operations, plus up to $1,000,000 more if the HAP contract is cut. Once those guaranties release Urban Atlantic, INLIVIAN may take over asset management and its $35,000 annual fee, indexed to CPI, which is paid only after the market-rate side is sold and is capped at the incentive management fee the managing member receives. At closing, INLIVIAN's $7,800,000 Loan A carried 4.00% through conversion and its $6,000,000 Loan B, funded by a Mecklenburg County grant, 4.34% over 240 months. As long as an INLIVIAN entity stays in the managing member, INLIVIAN, as lender of the County money, will not foreclose, accelerate, or join a bankruptcy during the compliance period. The City's $3,200,000 Housing Trust Fund loan is a 1% second lien paid from cash flow.

INLIVIAN earns its return through lease cash. The signed outline had priced ground rent at 3% of the land's appraised value, escalating 1.5% a year and paid quarterly from stabilization; the lease set base rent at $50,000 for fiscal 2025, first due June 1, 2026, and rises 3% a year; for 39 years it is paid only from net cash flow, and unpaid rent accrues at 4.32% until it all comes due in the 40th year. When the lease ends on December 31, 2121, the affordable building becomes INLIVIAN's at no cost. Fulton Meachem signed on both sides of the table: as INLIVIAN's CEO on the bond Regulatory Agreement and as HDP's President on the Ground Lease and the Development Agreement.

INLIVIAN keeps the land; the affordable company leases its share of the building and owns the improvements for the term. Its 106 units are described level by level by elevation, from Level 0 through Level 7, inside one building. NRP Construction built the whole building under a $79,861,717 guaranteed maximum price, 30% of it charged to the affordable side, and the two owners share one fire pump, one domestic water loop, stormwater and trash. After the tax credit compliance period, the affordable company has a right of first refusal if INLIVIAN takes a third-party offer for 51% or more of its land.

Read the Full Analysis: 11/5/26 – 4/20/21 Trella Uptown

Developer: Urban Atlantic

Public Partner: INLIVIAN

Capital Partners:

Representatives:

Staff Report: Trella Uptown

Project Plans: Trella Uptown Plans

Presentation: Trella Uptown Housing Trust Fund

Memorandum of Understanding (MOU): Trella Uptown Amended and Restated Transaction Outline

Ground Lease: Trella Uptown Ground Lease

Development Agreement: Trella Uptown Development Agreement

Operating Agreement: 8th and Tryon AUOE Operating Agreement

Regulatory Agreement: INLIVIAN Regulatory Agreement, City Declaration of Deed Restrictions

Term Sheet: City Housing Trust Fund Commitment Letter

Pro Forma: Trella Uptown Pro Forma

Closing Documents: Trella Uptown Completion Loan Amendment (August 27, 2025), Trella Uptown Official Statement (December 20, 2022)

Deal Scan: Trella Uptown Deal Scan

Deal Tracker 11/5/26 – North Carolina Local Government Commission 9/9/25

Trinity Housing Development, the Springfield, Missouri, tax-credit developer led by Ryan Hamilton, is building its first Charlotte project with INLIVIAN on the inside. INLIVIAN's development company, Horizon Development Properties (HDP), holds the managing member seat of the borrower through HDP Honeywood, LLC, with a 0.0051% interest, and co-develops with Trinity under a Development Agreement dated February 1, 2026. Under the Joint Venture Agreement, the two signed on May 16, 2025, INLIVIAN takes 30% of the development fee and Trinity 70%, paid pari passu. Net cash flow, after the investor's items, reserves, the unpaid fee, the subordinate loans, Trinity's guaranty repayments and incentive fee, and both partners' asset management fees, goes 10% to the investor member and 90% to Trinity and INLIVIAN, split 80% to Trinity and 20% to INLIVIAN; the sale proceeds balance goes 18% to INLIVIAN, 72% to Trinity, and 10% to the investor member. INLIVIAN provides no guarantees: Trinity gives all of them and funds predevelopment, reimbursed at equity syndication. INLIVIAN also takes its return as issuer: $219,375 at closing and 0.125% a year on the bonds outstanding. The North Carolina Local Government Commission approved up to $18,000,000 of INLIVIAN bonds on September 9, 2025; the $17,550,000 issue closed on February 25, 2026; all three apartment buildings now hold building permits, and site work is underway.

Work has started on the site, with no foundation inspection yet as of November 5. The City's inspector found storm drain and sewer line installation in progress on August 12, 2026, and the County passed the sewer service inspection on October 21 after five partial approvals in September. The County issued building permits for all three buildings on April 1 and 2, 2026, with Wynnefield Contracting Services as the contractor. The site came first: the City approved the construction plan on July 18, 2025, 21 months and five review rounds after the plans went in; the County issued the site works permit on March 18, 2026, a retaining wall permit on March 30, the sewer and water permit on May 13, and two more walls on August 14. The clubhouse permit, dated April 13, 2026, has expired, along with the mechanical, electrical, and plumbing permits under all three buildings. Raymond James projected its second equity installment, $2,977,997, for October 2026 at 65% completion.

The bonds are unrated and were sold through Piper Sandler. Fifth Third Bank's $23,500,000 construction loan sits ahead of the bonds until the property stabilizes and is due August 1, 2028, with a six-month extension option, the same date the bonds' stabilization deadline falls. The Federal Home Loan Bank of Atlanta has also awarded $1,125,000 in Affordable Housing Program funds, with the bonds expected to close within 120 days.

INLIVIAN raised its ceiling from $12.5 million in 2022 to $17 million in 2023 and $18 million in 2025, and Council approved the plan of financing twice, at two amounts.

INLIVIAN's board heard in 2023 that "the amount of tax-exempt debt needed to finance the cost of the Development is more than originally anticipated." The $17,000,000 of tax-exempt bonds in the offering matches the 2023 volume cap plan to the dollar.

INLIVIAN also holds the exits and the approvals. After the 15-year compliance period, it holds options to buy the investor's and Trinity's interests, or the project, for the outstanding debts plus the investor's tax liability and unpaid adjuster payments, and a Section 42(i)(7) right of refusal, and the reserves stay with the project if it buys. It approves or consents to the owner's operating agreement, service providers, contractors, lenders, investors, the voucher contracts, and the plans. Net construction cost savings pay the deferred fee to Trinity and INLIVIAN pari passu, then member loans and project debt, then a supportive services escrow for INLIVIAN's programs. The agreement set December 31, 2025 for the bond volume cap allocation and for Trinity's construction financing, and December 31, 2028 for completion.

The agreement committed 22 project-based vouchers; the August 28, 2025 amendment raised them to 27, four one-bedrooms at $1,401, 12 two-bedrooms at $1,546 and 11 three-bedrooms at $1,841, and added a Supportive Services Agreement with CORE, INLIVIAN's subsidiary.

Wynnefield Contracting Services builds under a $24,395,237 contract dated October 29, 2025. Trinity Housing Development, its principals John Douglas Hamilton, Joseph Ryan Hamilton and Michael Hamra, and The Vue at Honeywood AM, LLC give the environmental indemnities and the recourse guarantees after stabilization. A former partner in Four Corners Development has sued Trinity and the individual guarantors twice in Greene County, Missouri: a 2022 equity action with no money damages claimed, and a second suit filed January 16, 2026. Remnant Management will manage the property for 6% of gross operating revenue plus $5.50 per unit for bookkeeping, its fee subordinate to the bonds. The developer fee is $1,960,000, $1,430,270 of it deferred.

Read the Full Analysis: 11/5/26 – 4/24/23 The Vue at Honeywood

Developer: Trinity Housing Development

Public Partner: INLIVIAN

Capital Partners:

Representatives:

Staff Report: The Vue at Honeywood INLIVIAN Staff Report (August 19, 2025), 2024-115 (January 21, 2025)

Ordinance: 2024-115 Ordinance

Project Plans: The Vue at Honeywood Plans

Presentation: The Vue at Honeywood Housing Trust Fund

Memorandum of Understanding (MOU): The Vue at Honeywood Joint Venture Agreement Amendment (August 28, 2025), The Vue at Honeywood Joint Venture Agreement (May 16, 2025)

Closing Documents: The Vue at Honeywood Limited Offering Memorandum (February 18, 2026)

Deal Scan: The Vue at Honeywood Deal Scan

Deal Tracker 11/5/26 – City Council 6/24/24

Crosland Southeast and the Charlotte nonprofit Freedom Communities have built Evoke Living at Ballantyne's 60 apartments on City land beside the CMPD South Division police station, and INLIVIAN's development company, Horizon Development Properties (HDP), holds its seat for one contribution: 12 project-based vouchers. Under the partners' Joint Venture and Management Services Agreement of March 15, 2023, Freedom holds 60% of the managing member and Crosland's CSE Communities 25%, and the two run it as co-managers; an INLIVIAN subsidiary holds the other 15% solely as a member, and INLIVIAN's development role is limited to the vouchers. For them INLIVIAN takes 15% of the $1,200,000 developer fee, $180,000, and 15% of the managing member's net cash flow. The City keeps the land and leases it for 75 years at $1 a year, and every unit is restricted to households at or below 80% of AMI.

CSE also takes a $12,000 asset management fee and a $12,000 guaranty fee each year, each growing 3% a year and paid ahead of the cash flow split. In return, CSE gives every guaranty the lenders and the tax credit investor require, indemnifies Freedom and INLIVIAN if a lender asks either to sign one, and funds predevelopment, repaid at the bond and credit closing; INLIVIAN never refunds predevelopment costs.

The vouchers, two one-bedrooms, seven two-bedrooms and three three-bedrooms, run under a HAP contract of at least 20 years, subject to HUD's approval; if HUD does not provide or renew them, INLIVIAN sells its interest to Freedom for $1. CSE may sell its own interest to Freedom for $1 when the compliance period ends. The partners expect the ownership to carry a full property tax exemption. INLIVIAN awarded the 12 vouchers in December 2023, but the September 2025 financing update still left them out pending HUD's final approval. INLIVIAN's FY2026 budget calls its development company the majority managing member; the signed agreement gives its subsidiary 15% and no management seat.

On June 24, 2024, Council gave Crosland's primary lender, Truist Bank, its own option to ground lease the site on Crosland's terms, a fallback if the lease ends through bankruptcy, foreclosure or early termination before the loan matures. It also asked the trustee on the City's 2021 certificates of participation, which helped pay for the police station, to release 0.617 acres of the station's parcel, the access and parking for the apartments, because Truist required the land free of encumbrances. Both passed unanimously with no discussion, and the financing closed on July 29, 2024.

Mecklenburg County issued both buildings' permits on June 25, 2024, the day after Council approved Truist's ground lease option, and the partners closed the financing 34 days later, on July 29, 2024. The City approved the construction plan on November 18, 2024. Both buildings passed their County building finals in September 2026 and hold temporary certificates of occupancy, issued August 27 for Building 1 and October 12 for Building 2; neither has its final certificate. The City's urban forester failed the certificate of occupancy landscape inspection on August 28, 2026, for light poles in tree islands and dead shrubs, and again on October 13 for missing trees, trees planted too high without amended soil, a right-of-way tree to replace and a missing as-built drawing, and kept the hold on Building 2's 27 units. Urban forestry released Building 1 on October 14, City Engineering's hold stays on both buildings, and the next landscape inspections are set for November 28. The City sent the plat dedicating part of Dixie Hills Dr as public right-of-way, filed September 15, back for revisions on October 19. INLIVIAN's final FY2027 plan now counts the 12 project-based vouchers behind INLIVIAN's 15% among its existing vouchers, all 12 planned as leased by year end.

INLIVIAN's tax-exempt issue, up to $11,500,000, carries the 4% credits. It is a note placed with Truist Bank, whose $10,500,000 construction loan runs at SOFR plus 3.00% for 30 months with a six-month extension; Barings Affordable Housing Mortgage Fund III takes the permanent phase on a 15-year term and 40-year amortization, with final maturity no later than 2042. The State's Local Government Commission approved the issue on March 5, 2024, on cash flows showing 1.45x to 1.67x coverage.

The budget comes to $23,965,884, $399,431 a unit, up from the $22,800,000 the City reviewed in April 2023. Truist Community Capital buys the credits, $1,100,753 a year, at $0.94. Barings' February 2024 terms ran up to $7,063,997 at an estimated 5.95%; the September 2025 sources carry $7,175,000 at 6.02%, interest only for the first three years.

The Housing Trust Fund loan is soft: 1% interest only for 20 years, paid from cash flow after the deferred fee. The CHOIF loan pays interest only for three years after conversion, then hard payments only up to what 1.15x coverage carries. Council allocated $3,100,000 from the Housing Trust Fund on April 24, 2023 and moved up to $1,000,000 more from Evoke Living at Morris Field on February 26, 2024, $4,100,000 in all; the 2025 sources still carry $3,100,000.

Truist Community Capital's December 2023 terms hold the managing member and the developers jointly to fund any shortfall through stabilization without reimbursement, and test the guarantor each year for $5,000,000 of net worth and $1,250,000 of liquidity. The managing member funds operating deficits up to $382,856, six months of costs, through the year of final closing's fifth anniversary if coverage averages 1.20x. The deferred fee must be paid within 15 years of completion, and the managing member advances it then if cash flow has not. After the deferred fee and the two soft loans, Truist takes 10% of cash flow and the managing member the rest; sale and refinancing proceeds split 90% to the managing member, 10% to Truist. Freedom holds the option to buy the property for 12 months after the compliance period, and the first right of refusal; CSE stands behind it at fair market value.

The lease covers the 2.75-acre tract where the buildings stand and about 1.3 acres of the police station's parcel for parking and access, 4.05 acres in all. When Council picked Crosland on February 14, 2022, Council Member Reneé Johnson, District 4, asked whether developers given City land at a nominal price should set aside more units for the lowest incomes.

Read the Full Analysis: 11/5/26 – 11/15/21 Evoke Living at Ballantyne

Developers: Crosland Southeast and Freedom Communities

Public Partner: INLIVIAN

Capital Partners:

Representatives:

Staff Report: 2021-138 Final Staff Analysis (October 18, 2021), 2021-138 Post Hearing Staff Analysis (October 5, 2021), 2021-138 Pre-Hearing Staff Analysis (September 20, 2021)

Ordinance: 2021-138 Ordinance

Presentation: Evoke Living at Ballantyne Housing Trust Fund Presentation

Memorandum of Understanding (MOU): Evoke Living at Ballantyne Joint Venture Agreement (March 15, 2023)

Term Sheet: Barings Permanent Loan Term Sheet (February 16, 2024), CHOIF II Subordinate Loan Term Sheet (February 6, 2024), Truist Community Capital Term Sheet (December 11, 2023)

Pro Forma: Evoke Living at Ballantyne Pro Forma

Regulatory Agreement: Evoke Living at Ballantyne Section 811 Use Agreement

Deal Scan: Evoke Living at Ballantyne Deal Scan

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