The North Carolina Housing Finance Agency received $65,590,727 million in HOME-ARP funds through the American Rescue Plan Act of 2021 to assist people experiencing homelessness, those at risk of becoming homeless and other vulnerable populations. These funds are intended to reduce homelessness and housing insecurity and may be used to develop rental housing and non-congregate shelter, provide supportive services or offer tenant based rental assistance. An additional $71.8 million HOME-ARP funds have been allocated to local participating jurisdictions in North Carolina who will determine their own use of funds.
US Department of Housing and Urban Development (HUD), which oversees the HOME-ARP funds, requires all state and local recipients to submit a plan summarizing the intended use of the funds. HUD approved NCHFA’s HOME-ARP Allocation Plan, shown below, in November, 2022. The Agency has created the Supportive Housing American Rescue Plan (SHARP) Program to administer the HOME-ARP funds. More information about the SHARP Program can be found here.