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Supportive Housing Developers

The North Carolina Housing Finance Agency offers a Supportive Housing Development Program to help nonprofit organizations and local governments build and rehabilitate emergency, transitional and permanent housing for persons who are homeless or have disabilities or other special needs such as substance use recovery. The Agency provides interest-free loans up to $700,000 depending on location.

  • Supportive Housing Financing

    The North Carolina Housing Finance Agency provides interest-free loans for development projects that benefit homeless persons, persons with mental, physical or developmental disabilities, persons with substance use disorders, children in foster care, youth aging out of foster care, and adults released from correctional facilities.

  • Q:

    What are the income limits for my proposed development?

    A:

    The housing must serve individuals and families who earn below 50% of area median income. Please note that rent and utilities cannot exceed 30% of targeted household income for residents.

  • Q:

    What organizations are eligible to apply for supportive housing funds?

    A:

    Nonprofit organizations must have had their 501(c)3 designation for at least three years to apply and must be able to provide two years of audited financial statements. Organizations which have not completed a successful real estate development project within the last seven years must work with a qualified consultant or partner with a more experienced nonprofit organization.