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How Charlotte is providing affordable housing. Should Greenville try?



A trend growing in popularity around the country is converting motels and hotels into affordable housing.

When Greenville County officials condemned the Economy Inn in January, 80 people who considered the motel their home found themselves without shelter.

The Greenville Homeless Alliance stepped in and helped, beginning with arrangement of living quarters.

Leaders of the organization that works to increase options for homeless people in Greenville County say a lack of affordable-housing options is one reason people live in motels. Additionally, if someone has poor credit or a criminal background, it can be difficult to be approved for a lease on an apartment. 

But motels can be relatively expensive and sometimes have poor living conditions amid higher rates of crime.

An alternative growing in popularity around the country is converting motels and hotels into affordable housing.

Roof Above, a homeless service provider in Charlotte, North Carolina, is in the process of doing just that. 

The organization bought a former Quality Inn in Charlotte at the end of 2020 with all the furnishings and was able to use it immediately as an emergency shelter for women and children during the cold months of winter.

As temperatures have warmed, the hotel is no longer being operated as emergency shelter and is now under construction to be converted into permanent affordable housing that’s expected to open in December, according to Liz Clasen-Kelly, Roof Above’s CEO.

More on Greenville’s affordable housing: The ‘affordable housing’ planned in Greenville largely ignores those who need it most

The hotel has 88 rooms on 2.6 acres of land and sold for $5.45 million. It was built in the 1980s and was renovated in 2017.

The cost of the hotel, renovation of the rooms and creating a wing for additional support services will cost $12 million in all, with $2 million coming from the city of Charlotte and the remainder from private philanthropy.

“In terms of how much motels like this cost — that varies widely,” Clasen-Kelly wrote in an email. “The way these assets are appraised typically depends on their revenue stream, but if you are purchasing to convert to housing, that changes the appraisal.”

Texas, Colorado and California are converting motels, too

Charlotte isn’t the only city attempting a motel conversion like this. In January 2021, the city council of Austin, Texas, voted to purchase a hotel for $6.7 million to use as transitional housing for the homeless. The money came from the city’s police budget.

Read more: Austin is buying a hotel to house the homeless. The money is coming from the police budget

Housing officials say this is a trend in states like Colorado, California and Minnesota as well.

“It is not a brand-new concept,” said Donald Whitehead, president of the National Homeless Coalition. “I think what’s brand new is the scale that it is being done.” 

It’s possible to happen in Greenville. To further incentivize developers to invest in affordable housing, City Council approved a zoning change in November allowing for hotels and motels to be repurposed into affordable housing. The change allows hotels and motels in commercial districts to convert into long-term residential use if a percentage of the units are geared toward people making at or below 80% of the area median income.

Greenville’s area median income is $56,609, according to U.S. Census data.

Left out in planning: The ‘affordable housing’ planned in Greenville largely ignores those who need it most

You might be surprised: What does it take to afford ‘affordable housing’ in Greenville?

The ordinance cites affordable housing as “the essential foundation upon which to build a more sustainable future for the city of Greenville.” 

Greenville City Council member Lillian Brock Fleming sees the zoning change as one tool among a range of options to create more affordable housing in Greenville.

While the council has not explored whether any hotel inside city limits has low enough occupancy to make conversion feasible, Fleming said she believes there are more options outside city limits in the county.

At its last meeting, County Council approved $10 million to go toward affordable housing over the next two years. A plan breaking down where the money will go is to be announced in the coming weeks. 

“Five years ago, I wouldn’t bet 50 cents that County Council would vote unanimously to something like this,” County Councilman Ennis Fant said. 

There are two reasons county government isn’t likely to be interested in purchasing a motel and converting it to affordable housing, Fant said.

One, county officials would consider converting a hotel or motel to be a big undertaking that they would rather leave to private and philanthropic communities, Fant said.

And two, Fant is already working on a redevelopment plan for the Gantt area, where the Economy Inn was condemned and a number of other motels that Fant has described as problematic are located.

Fant said he is working with the county Planning Commission to foster commercial and residential development in the area, including low-income housing for those with criminal records or bad credit who have trouble renting elsewhere. 

Read more: Greenville’s leaders still working to define what ‘affordable housing’ means

The Greenville Housing Fund, a nonprofit organization that works with both the city and county to provide affordable housing, has not shown interest in purchasing a hotel to this point.

“I think the question is going to be, when they sell, can the new owner actually comply with the (affordability) requirement,” said Bryan Brown, CEO and president of the Greenville Housing Fund. “That’s the question I have, because the affordability requirements, they do reduce your revenue. And if a buyer overpays for this project for this property, I think it’s going to be tough.”

To make a project serving those residents worthwhile to the developers who’d build it, extra subsidy would be needed to make up for what tenants don’t pay in rent, Brown said. And the subsidy that’s available is limited.

Susan McLarty, the Greenville Homeless Alliance’s coordinator, said the Homeless Alliance is interested in converting a motel into housing. The question is where the money would come from.

Homeless shelters often break up families if they have rooms with bunk beds or if the shelters are designated specifically for men or women. Hotel rooms set up for a shelter or transitional housing could be a way to keep homeless families together where people could bring as many belongings as they need to and even a pet.

“I think that’s something Greenville could consider,” McLarty said.

‘We bought a hotel’: Location was especially attractive in Charlotte

Clasen-Kelly with Roof Above in Charlotte presented her organization’s undertaking to the Greenville Homeless Alliance at a meeting in April. 

“We bought a hotel,” Clasen-Kelly said. “This is a neighborhood that’s been a lower-income neighborhood, but it’s becoming very trendy.”

The hotel is located in Charlotte’s Lower South End, informally abbreviated by many to “LoSo.”

Other neighborhoods with catchy acronym nicknames have been in the process of gentrifying, like NoDa across town in Charlotte, short for North Davidson, and RiNo in Denver, Colorado, short for the River North Art District.

The LoSo location for Roof Above’s new project was important, Clasen-Kelly said.

“Young professionals are coming and moving in. But there’s traditionally been a lot of affordable housing there,” Clasen-Kelly said. “Not only was it centrally located, it’s walking distance to light rail, but we also know this is a neighborhood that’s going to be deeply impacted by gentrification. There’s something powerful about being able to put a footprint there.”

Homelessness solutions: New Greenville homes offer beds for men recovering from addiction or homelessness

The Quality Inn had low occupancy, so the owner was interested in working in partnership with Roof Above to make Clasen-Kelly’s dream a reality, she said. 

Roof Above has done something similar before. 

The organization built Moore Place, affordable housing created specifically for those experiencing chronic homelessness. The apartment complex offers on-site case management and medical care for its residents. 

Roof Above seeks to do the same at the Quality Inn, where it will provide 88 new units for those in Charlotte who need housing most.

The Greenville Homeless Alliance is interested in something similar, but the biggest challenge will be finding funding.

The organization is a coalition made up of 75 partner organizations and more than 1,000 individuals who donate and volunteer. For the Greenville Homeless Alliance to purchase a motel, it would take a capital campaign composed of donations from the many philanthropic organizations and government agencies that partner with the group. 

Genna Contino covers affordable housing and gentrification for The Greenville News. Contact Genna at [email protected] or on Twitter @GennaContino. Subscribe to The Greenville News at

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Dave says: If you need a cosigner, you're not ready – Northeast Mississippi Daily Journal



Dave says: If you need a cosigner, you’re not ready  Northeast Mississippi Daily Journal

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How to improve your credit score in 2021: Easy and effective tips



If you’ve ever wondered “What is my credit score?” it’s probably time to find out. Having a good credit score can make life a lot more affordable. If you’re about to buy a house or car, for example, the higher your credit score is, the lower your interest rate (and therefore, monthly cost) will probably be.

Your number may also be the deciding factor for whether or not you can get a loan and ultimately determine if you are even able to buy something you want or need.

So, yes, the goal is to have the highest possible credit score you can, but increasing the number doesn’t just happen overnight. There are important steps to take if you want to increase your score, and the sooner you start working on it, the better.

“If you’re trying to increase (your credit score) substantially to accomplish a goal, you’re really going to have to have as much lead time as possible,” said Thomas Nitzsche, director of media and brand at Money Management International, a nonprofit financial counseling and education provider that advises people on how to legally and ethically improve their credit score on their own.

If you have fair credit and you’re trying to improve the number for a house purchase, for instance, you’ll want to start working on it at least a year in advance, he explained to TMRW.

But even though that sounds like a long time away, you can (and should!) start doing things right now to bump that number up. Below, see seven things you should do — and not do — to help improve your credit score:

1. Review your credit report

Review your credit report and look for errors that might be hurting your score. Morsa Images / Getty Images

The first thing you’ll want to do is pull up a copy of your current report so you know where you stand. You can get free reports from all three agencies — TransUnion, Experian, and Equifax — at Nitzsche said it’s important to take a moment and understand the financial snapshot of where you are today and where you want to be.

You’ll also want to take some time and look for any errors on your report, which could negatively impact your score. “If your name is misspelled, that’s not going to hurt your score,” he explained. “But if you see a late payment or missed payment (that’s in error), or maybe you have an account that should be reporting but isn’t, then that’s a problem and that will impact your score.”

If there is an error, you should dispute it and try to provide as much proof as you can.

One other thing: You can also ask a creditor to remove an issue if it’s been corrected (i.e., if you paid off a collection debt). Nitzsche said it doesn’t hurt to ask and the worst thing they could say is no.

2. Have good financial habits

“The biggest part of your credit score is payment history, so the most critical thing is never missing a due date,” Nitzsche said. Set up a monthly autopay or add all due dates to your calendar so you never miss a bill.

You can also achieve a higher score when you mix different types of accounts on your credit report. It may seem counterintuitive to get extra points for having debt in the form of student loans, mortgages and auto loans, but as long as you’re paying them off responsibly, it shows that you’re reliable.

3. Aim to use 30% or less of your credit at any given time

Know your credit limit and aim to only use 30% or less of it for a better credit score.Tim Robberts / Getty Images

Know your credit card limit, and try not to use any more than 30% of that number each month, otherwise your score could lose points for too much credit utilization.

Another thing you can do is ask your bank to increase your limit. “That will give you more flexibility to spend more,” Nitzsche said. You could also pay it off twice a month to keep the balance low. But he does warn that you never know when the balance is going to be reported to the bureau. It can happen at any point during the month, so it might be the day after you make the payment or the day before. “You don’t necessarily want to use the card and pay it the next day because that doesn’t give the bureau the chance to know that you’re using it,” he said.

4. Avoid requests for new credit

If you’re looking to increase your score around the time you want to buy a house or car, you won’t want to open up a new line of credit, like a retail card, credit card or loan. That’s because “hard” credit inquiries like those can lower your score, and sometimes it comes down to a few points over whether you’re approved or what your rate will be, Nitzsche said.

“Soft” credit inquiries, like when an employer checks your credit or when you pull your own report, won’t affect your score.

5. Keep all accounts open, even ones you don’t use anymore

Even if you don’t use that credit card from college, it’s a good idea to just keep it open because closing it could hurt your score. Nitzsche explained that you’ll be dinged some points for each account that is closed. If you want or need to mentally break up with a card, just cut it up instead.

6. Build your credit if needed

If you haven’t established credit yet, you might not even exist … in the credit report space, that is! “If someone has never fallen in delinquency on any subscriptions or utilities or never had collections on anything and they have not utilized credit cards or loans in the past seven to 10 years, they may not have a credit profile at all,” Nitzsche said. “That presents a challenge when you want to buy a home.”

If this sounds familiar, you may have to get a secured credit card where you put down a deposit, he advised. “You still have to make payments and use it responsibly. Not all banks offer them but you can usually check with your local bank or credit union.”

7. Reach out for help

If you want personal guidance on boosting your credit score, make an appointment with a credit counselor.kate_sept2004 / Getty Images

There are many apps and credit-monitoring services that can help you stay on top of your credit score. You could also reach out to a professional credit counselor who can help you navigate your specific situation. (Here’s a good resource about finding a reputable service.)

One last thing: Nitzsche warned that everyone should beware of credit repair scams that claim to be able to increase credit scores for an advance fee to get accurate negative information removed (even temporarily) from credit reports.


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Lifestyle News | ⚡How J&G Credit Recreations Assists Individuals to Gain Financial Stability Through Credit and Homeownership – LatestLY



Lifestyle News | ⚡How J&G Credit Recreations Assists Individuals to Gain Financial Stability Through Credit and Homeownership  LatestLY

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