With investors knocking, Charlotte HOAs are starting to change their rules

One reason the market for middle-income housing has grown tight in Charlotte is a shortage of available homes for sale because corporate investors have bought so many developments for their rental income. To preserve affordable housing and encourage healthier communities, some homeowners associations are using restrictive deed covenants to try to limit corporate owners' encroachments. In one neighborhood, it seems to have worked, but there are legal complications that must be considered as other HOAs seek to copy the tactic.

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