Rental Developers

The North Carolina Housing Finance Agency finances the statewide construction of affordable rental apartments using federal and state housing credits, low-interest loans, and tax-exempt bond allocations. We award funds annually through a competitive application process.

Developers seeking an allocation of federal Low-Income Housing Tax Credits submit an application for each rental property to be considered during the single competitive annual cycle. If a property is awarded federal credits, it may be eligible for State Housing Credits and/or a Rental Production Program (RPP) loan. A property that is not awarded federal credits is not eligible for either state credits or the RPP loan.

Please use the links to the left to learn more about the requirements for our financing, the competitive application process, and our evaluation of proposals. You can also browse our portfolio of developments and access our online application.