Atrium Health finalizes land-swap deal with INLIVIAN
Deal increases health system’s recent investment in affordable housing to more than $51M
CHARLOTTE, N.C., June 10, 2026 – Atrium Health has contributed 14 acres off North Tryon Street to enable affordable housing to be developed by INLIVIAN, Charlotte’s public housing authority. This contribution has been years in the making and was catalyzed yesterday by the execution of a land swap agreement between Atrium Health and INLIVIAN.
Under the agreement, Atrium Health exchanged its 3-acre property at 720 E. Morehead in Dilworth – which will also be developed for affordable housing – for a 3-acre property at Baxter Street Park in Midtown, a similarly valued vacant parcel owned by INLIVIAN. The exchange supports future growth at The Pearl, Charlotte’s first innovation district.
With the closing of this agreement, Atrium Health will now have contributed over $51 million toward affordable housing and homelessness solutions in the Charlotte region over the past five years, marking one of the largest total contributions by any locally based organization.
“When families have a safe place to call home, we see it in their health and well-being. This agreement reflects our commitment to strengthening the communities we serve by investing in ways to expand access to safe, affordable housing,” said Steve Smoot, EVP and president of the North Carolina and Georgia division at Advocate Health, of which Atrium Health is a part. “By partnering with INLIVIAN, we are helping create meaningful opportunities and impact for families across Charlotte, while also supporting the continued growth of The Pearl.”
Onsite at The Pearl, Wexford Science & Technology is also developing a residential building on about an acre of land that will include 5% of units that have been deed restricted for affordable housing.
The North Tryon property was deed restricted by Atrium Health to enable affordable housing in June 2024. The land is between North Tryon and North Poplar streets and adjacent to another 16-acre INLIVIAN affordable housing development. At least 25% of the residential units constructed on the site must be reserved for affordable housing, and half of those must be made available for those earning 50% or less of the area median income.
Atrium Health worked with INLIVIAN to ensure that the Morehead Street property was rezoned to allow for future affordable housing.
“The affordable housing crisis cannot be solved by any one organization alone. It requires partners who believe that housing is more than a roof over someone’s head; it is the foundation for health, educational success, economic opportunity, and hope,” said Fulton Meachem, Chief Executive Officer of INLIVIAN. “This agreement creates opportunities far beyond the exchange of land. It opens the door for new mixed-income communities where children can grow up in safe neighborhoods, seniors can age with dignity, and working families can live close to jobs, schools, healthcare, and the opportunities that help them thrive.”
In addition to the land Atrium Health is transferring to INLIVIAN and its commitment to onsite affordable housing units at The Pearl, Atrium Health in recent years has donated more than $15 million to the Housing Impact Fund to help preserve affordable rental units around Charlotte, and committed over $5 million to A Home For All, a community-led initiative committed to ensuring homelessness is rare, brief and nonrecurring.
About Atrium Health
Atrium Health is advancing clinical care and research across the communities it serves by redefining care for all. The care network is anchored by Atrium Health Carolinas Medical Center, an academic medical center in Charlotte that includes Levine Children’s Hospital, Levine Cancer Institute and Sanger Heart & Vascular Institute, along with 11 hospitals, more than 900 care locations and over 1,400 physicians serving communities across the greater Charlotte region. It is part of Charlotte, North Carolina-based Advocate Health, the third-largest nonprofit, integrated health system in the United States. Advocate Health is a preeminent academic health system at the forefront of clinical excellence, innovation and research, with Wake Forest University School of Medicine serving as its academic core. Nationally recognized for expertise in heart and vascular, neurosciences, oncology, pediatrics and rehabilitation, Advocate Health is also a pioneer in the delivery of virtual health care. It’s accelerating discovery by making research participation part of the standard-of-care through its one-of-a-kind National Center for Clinical Trials. Advocate Health has one of the nation’s largest graduate medical education programs, with an experiential learning focus and specialized residencies to help protect the long-term sustainability of rural health care in America. Each campus of the school of medicine has an affiliated life-sciences focused innovation district: The Pearl, in Charlotte, and Innovation Quarter, in Winston-Salem, North Carolina. With more than 165,000 teammates serving patients at 69 hospitals and over 1,000 care locations across eight states, Advocate Health reinvests over $6 billion each year to improve community health, making it one of the nation’s largest providers of community benefit.
About Advocate Health
Headquartered in Charlotte, North Carolina, Advocate Health is the third-largest nonprofit, integrated health system in the United States. A preeminent academic health system at the forefront of clinical excellence, innovation and research, it delivers care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin and Michigan, and Wake Forest University School of Medicine is its academic core. Nationally recognized for expertise in heart and vascular, neurosciences, oncology, pediatrics and rehabilitation, Advocate Health is also a pioneer in the delivery of virtual health care. It is accelerating discovery by making research participation part of the standard-of-care through its one-of-a-kind National Center for Clinical Trials, plus two affiliated life-sciences-focused innovation districts and one of the nation’s largest graduate medical education programs. With more than 165,000 teammates serving patients at 69 hospitals and over 1,000 care locations across eight states, Advocate Health reinvests over $6 billion each year to improve community health, making it one of the nation’s largest providers of community benefit.