NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 663

SENATE BILL 480

AN ACT TO AUTHORIZE THE CITY OF CHARLOTTE TO ENGAGE IN HOUSING PROGRAMS AND ACTIVITIES FOR LOW AND MODERATE INCOME PERSONS.

The General Assembly of North Carolina enacts:

Section 1. Findings and declarations. It is hereby found and declared that there is a serious shortage of decent, safe and sanitary housing available at low prices or rentals to persons and families of low and moderate income, and that private enterprise without assistance has been unable to meet that need in the City of Charlotte.  These conditions contribute to urban blight and retard sound development and redevelopment thereby necessitating the following provisions to alleviate such conditions in the public interest.

Sec. 2. In addition to the other authority granted by law, the City of Charlotte is hereby authorized and empowered to engage in and to appropriate and expend non ad valoren tax funds, and with voter approval as provided in G.S. 160A-209(e) expend property tax funds for housing programs and activities for the benefit of low and moderate income persons, and to engage in the following activities; issuance of revenue bonds to raise funds for the making of loans to private individuals; programs of assistance and financing of rehabilitation efforts, including direct repair and the making of grants or loans; the purchase, lease or disposition of property for housing sites; and the construction, reconstruction, improvement or alteration of housing or housing projects.  The City of Charlotte is authorized to enter into contracts or agreements with any person, association, partnership, corporation or another governmental agency to undertake, carry out or otherwise exercise the authority granted by this section.

Sec. 3. This act shall apply to the City of Charlotte only.

Sec. 4. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 28th day of May, 1979.