The Cabarrus Compass

The Cabarrus Compass

Concord City Council Denies Novi Agreement Amendment That Would Have Reduced Affordable Housing Requirement

Amendment would have reduced Novi’s affordable housing commitment from 50% to 10% while adding new reporting requirements and clarifying how units qualify.

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Chris Miller
Nov 14, 2025
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Novi Lofts in downtown Concord opened earlier this year. Photo courtesy of City of Concord.

A proposed amendment to the City of Concord’s economic development agreement for the Novi apartment projects — which would have reduced the affordable housing requirement from 50% to 10% — was rejected Thursday night after council members said it did not align with the city’s goals.

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