Portfolio Partner Profile

Workforce Housing I - Pines At Carolina Place

Calvert Impact Capital is a participant in an acquisition line of credit led by Low Income Investment Fund (LIIF) for the NHP Foundation (NHP), which helped finance the acquisition of a 200-unit multi-family rental property known as Pines at Carolina Place, located in Pineville, Mecklenburg County, NC – part of the Charlotte metropolitan area.

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Impact Story

Pines At Carolina Place

The Pines at Carolina Place Apartments (PCPA) is an existing 200-unit, 10 acres, 389-parking space property. NHP plans to acquire and hold the property for long term cash flow, intending to enhance property performance by improving property management and by requesting property tax exemption. The acquisition of this property allowed NHP to complete building improvements and preserve long-term affordability in an area convenient to public transportation, retail amenities and schools.

Return to Portfolio:

Sectors and Topics:

Affordable Housing


North America


United States

US States:

North Carolina

First Year of Investment: