Homeownership Production

- New Homes

- Self-Help

- SystemVision

- IDA Partnership

- Mortgages for First-Time Home Buyers

Home Repair and Rehabilitation

Supportive Housing Development

Rental Housing Production Program

Becoming a CHDO

Housing-Related Counseling

Resources and Recognition

IDA Partnership Program

The IDA Partnership Program provides interest-free, deferred second mortgages up to $15,000 for qualified participants in the North Carolina Department of Labor’s Individual Development Account Program. Local nonprofits and governments are eligible to participate.

By participating in a systematic savings program, IDA home buyers become eligible for an interest-free second mortgage from the North Carolina Housing Finance Agency that reduces their monthly payments. No payments or principal are due until the home is sold. In addition, buyers in this program may be eligible for the Agency’s low-interest FirstHome Mortgage.

IDAP home buyers must complete housing counseling. Counseling organizations may provide counseling and financial literacy training to organizations, lenders, and borrowers working with IDAP programs.

Local nonprofits and governments are selected by the North Carolina Department of Labor to participate in the IDAP program. To become a participant, email ezoldak@mail.dol.state.nc.us or call 919-733-1887.