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Investor plans to double rents in the J T Williams low-income rental neighborhood in Charlotte | WFAE 90 7

The J.T. Williams neighborhood will become unaffordable to nearly all of its former residents under a plan to improve the community and nearly double the rent. We learn about the investor behind the plan and the money he expects to make.

Former Lake Arbor Apartments officials settle residents lawsuit

Former Lake Arbor Apartments officials settle residents lawsuit Owners, management to pay $547,500   PHOTO | TROY HULL The former owners and management of Lake Arbor Apartments on Tuckaseegee Road settled a lawsuit brought by residents who alleged they were evicted for complaining about uninhabitable living conditions. The former owners and management of Lake Arbor Apartments have settled a lawsuit brought by former residents who alleged they were evicted for complaining the property was uninhabitable. The defendants – Lake Arbor Dean TIC, Lake Arbor 80M TIC, Broad Management Group and Wellington Advisors – agreed to pay $547,500, to close the complaint filed in Mecklenburg County Superior Court. The suit alleged Lake Arbor officials violated local housing code and state consumer protection laws between 2015 and 2019 by illegally collecting rent without addressing dangerous living conditions at the complex on Tuckaseegee Road.

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