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Rental Developers sectionRental Developers

What we offer

Housing 400 Initiative

Does my project qualify?

Qualified Allocation Plan (QAP)

Fair Housing Act self-evaluation

Housing Credit application process

Tax-exempt bond process

Timelines & events

Income limits

Development portfolio

Housing North Carolina Awards

Owners & ManagersOwners & Managers

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Resources

2008 Final Site Scores

Final 2008 QAP

Final Cost Certification Form

10% Cost Certification Form

Planning an Opening


Does My Project Qualify?

Competition for Federal Low-Income Housing Tax Credits (Housing Credits) is intense. Annually, only one of four proposals receives credits. The selection criteria include:

  • project location and site suitability
  • market demand and local housing needs
  • ability to serve the lowest-income tenants
  • ability to serve qualified tenants for the longest periods
  • design and quality of construction
  • financial structure and long-term viability
  • experience of development team and management agent(s)
  • ability to serve persons with disabilities and the homeless
  • projects that are part of a Community Revitalization Plan.

The experience of a team in developing a project using federal housing tax credits is very important. If you are a new developer and have never qualified for housing credits in North Carolina or any other state, you will need to partner with a developer who has done so successfully.

For more information about qualifications and your ability to meet them, see this year’s Qualified Allocation Plan.

       For Your First Home:

6.125%

for a 30-year, fixed-rate conventional mortgage with a 90-day lock in.


More Interest Rates...

       What's New @ NCHFA

Facing Foreclosure?
If you are facing foreclosure, you still may have some options for saving your home.
Learn More...

NC gets grant for housing counseling

2007 housing report

Jobs available

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