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The program provides interest-free loans up to $500,000 per development. To qualify, projects must include or make available appropriate support services for the residents.
In addition, the housing must serve individuals and families who earn below 50% of area median income. Rents and utilities cannot exceed 30% of gross household income for the residents.
Eligible populations are homeless or non-homeless households that require supportive services, including persons with mental, physical, or developmental disabilities; persons with substance use disorders; persons diagnosed with AIDS and related diseases; and special populations on a case-by-case basis.
The Supportive Housing Development Program loans are permanent, interest-free loans. Nonprofits and local governments that are interested in applying for Supportive Housing Development Program funds must schedule a pre-application meeting and site visit prior to submitting an application. For additional information about the Supportive Housing Development Program, please see the Project Description and Site Visit Request, Application Guidelines and the Application Part 1 (word template) and Application Part 2 (excel spreadsheet).
Application Workshops
Two application workshops are scheduled to assist organizations understand the application process and learn more about the Supportive Housing Development Program.
Wednesday, November 18, 2009
1pm to 4pm
NCHFA Board Room
3508 Bush Street
Raleigh, NC 27609
Cost: FREE
Register Now!
Thursday, November 19, 2009
1pm to 4pm
Fifth Street Ministries Shelter
1421 Fifth Street
Statesville, NC 28677
Cost: FREE
Register Now!
For more information, please contact please contact Mike Mittenzwei (919-877-5654 or mmittenzwei@nchfa.com), Margrit Bergholz (919-877-5633 or mcbergholz @nchfa.com), Gwen Belcredi (919-877-5648 or sgbelcredi@nchfa.com) or Mary Reca Todd (919-877-5672 or mrtodd@nchfa.com).
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Homeownership Production
