Advisor Carolinas expands Charlotte bridge housing partnership

Advisor Carolinas Asset Management is expanding its Charlotte Bridge Housing Initiative through a partnership with Resources for Human Development, with financing from Skyla Credit Union and support from private investors. The effort is designed to pair residential homes with supportive services for people facing housing instability in North Carolina.

Why it matters: - The Charlotte Bridge Housing Initiative combines housing, financing and supportive services in one model for people facing barriers to stable housing. - The effort is part of a broader push to use residential assets and community partnerships to expand sustainable housing options in North Carolina. - The initiative is aimed at improving long-term housing stability while also supporting responsible asset performance.

What happened: - Advisor Carolinas Asset Management expanded its Charlotte Bridge Housing Initiative through a strategic partnership with Resources for Human Development. - The initiative brings together private investment partner B&B Builders of the Carolinas, commercial lending partner Skyla Credit Union and nonprofit partner RHD. - Advisor aligned residential assets from its platform with the partnership to support the program. - The Charlotte-based initiative uses two-bedroom residential homes from Advisor’s platform. - RHD provides supportive services for residents working toward greater housing stability.

The details: - RHD’s role includes help for people facing housing and behavioral health challenges. - Nicholas Hobbs, Executive State Director of RHD, said many people need help accessing healthcare, employment services and mental health and substance use treatment to find and maintain housing stability. - Hobbs said RHD uses trauma-informed care and peer support services led by employees with lived experience. - Hobbs said the organization works with other mission-driven partners to help people remove barriers, break the cycle of homelessness and live in communities they choose. - Skyla Credit Union, through its Commercial Lending Division, provided financing for the initiative. - Eric Gelly, President and CEO of Skyla Credit Union, said housing is a foundation for financial stability and stronger communities. - Gelly said Skyla’s financing supports residential developments that address one of the region’s most pressing housing needs. - Advisor’s operating model connects company capital, private investment, commercial lending, nonprofits, healthcare providers, Managed Care Organizations operating within the North Carolina Department of Health and Human Services framework and other community partners. - Advisor said public-private partnerships can help DHHS, Managed Care Organizations and community agencies leverage residential assets, private capital and asset management to expand housing opportunities. - More than 120 residential assets support Housing Initiatives across North Carolina through Advisor’s company-owned and managed residential portfolios. - Advisor integrates residential assets into Housing Initiatives through asset stabilization, optimization and long-term stewardship.

Between the lines: - The partnership shows a shift toward housing models that pair physical units with services instead of treating housing as a standalone intervention. - The structure lets each partner focus on its core role: Advisor on asset management, Skyla on lending and RHD on resident services. - The model also suggests Advisor is positioning residential assets as a platform for community-based housing solutions, not just property holdings.

What's next: - Advisor plans to deepen relationships with nonprofits, healthcare providers, Managed Care Organizations, government agencies and community partners. - The company is also exploring opportunities in behavioral health, veteran housing and other underserved populations. - Advisor is exploring an affiliated nonprofit organization to complement existing partnerships and support specialized housing initiatives.

The bottom line: - Advisor Carolinas is using a public-private partnership model to turn residential assets into bridge housing supported by lending and services, with the Charlotte initiative as a template for future programs. - Resources for Human Development can be reached for more information at the organization’s website.