The North Carolina Housing Finance Agency makes Essential Single-Family Rehabilitation Loan Pool (ESFRLP) funds available to qualified organizations during each funding cycle to finance moderate home rehabilitation for low and moderate-income homeowners who are elderly or have special needs. The Agency serves 32-33 counties on a three-year rotating basis (pending the availability of HOME program funds).
If you are a nonprofit organization, local government or a regional council of government, you may be eligible to apply for the SFRLP during our funding cycle. Successful applicants are awarded a set-aside of $170,000 for home rehabilitation costs, with the potential of receiving additional funds on a first-come, first-served basis.
Essential Single-Family Rehabilitation Loan Pool—Disaster Recovery
The North Carolina Housing Finance Agency (the Agency) is making a total of $15 million available to eligible organizations for the rehabilitation of owner-occupied homes in disaster-affected counties under the Essential Single-Family Rehabilitation Loan Pool–Disaster Recovery (ESFRLP-DR). In the first round of the ESFRLP-DR, funds will be made available to serve homeowners in Anson, Beaufort, Bertie, Bladen, Brunswick, Camden, Carteret, Chatham, Chowan, Columbus, Craven, Cumberland, Currituck, Dare, Duplin, Edgecombe, Franklin, Gates, Greene, Halifax, Harnett, Hertford, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore, Nash, New Hanover, Northampton, Onslow, Pamlico, Pasquotank, Pender, Perquimans, Pitt, Richmond, Robeson, Sampson, Scotland, Tyrrell, Wake, Washington, Wayne and Wilson counties. The Agency may include assisting single-family (1-4 units) rental units later with this funding pool.
Eligible households for this program must have been damaged by Hurricane Matthew and Tropical Storms Julia and Hermine as listed in the Disaster Recovery Act of 2016. Household incomes must be below 100% of the area median income. If you are a nonprofit organization, local government, or regional council of government, you may be eligible to apply for ESFRLP-DR funding. Applicants must show that they have capacity to manage the program. The Agency may fund more than one applicant to serve a given county.
Successful applicants will be awarded a set-aside of $150,000 for the rehabilitation of eligible units, with the option of receiving additional funds through the loan pool on a first-come, first-served basis. The focus of the program is on essential rehabilitation of homes affected by the disasters of 2016.
Application forms and guidelines are available under Forms and Resources. Completed applications will be received on an ongoing basis until March 31, 2017. For more information about the ESFRLP-DR, please call Mike Handley, 919-877-5627, Chuck Dopler, 919-981-5008, Donna Coleman, 919-981-5006 or Dan McFarland, 919-875-3753.