RALEIGH— Vulnerable, low and moderate-income households in need of rehabilitation and accessibility modifications in 30 North Carolina counties will receive help thanks to $11 million from the NC Housing Finance Agency’s Essential Single-Family Rehabilitation Loan Pool (ESFRLP).
The ESFRLP finances major home rehabilitation and modifications for households with incomes below 80% of their area’s median income. This investment will help veterans, seniors and people with disabilities stay in their homes and out of costly institutions, saving on health care and long-term care costs. Homes with lead hazards occupied by a child six years of age or younger may also qualify.
The NC Housing Finance Agency provides this assistance through local governments, regional organizations, community action agencies and other nonprofit agencies. Thirty-seven organizations and local governments will receive funding in the amount of $182,000 set-asides per county served and will manage the rehabilitation process. This $6.734 million will provide comprehensive rehabilitation to at least 74 homes through forgivable loans. An incentive pool of $4.266 million will assist an additional 47 homes.
- Albemarle Commission (Gates and Tyrrell)
- Beaufort County
- Central Pines Regional Council (Cumberland and Harnett)
- Columbus County
- Forsyth County
- Four Square Community Action, Inc. (Cherokee)
- Habitat for Humanity of Cabarrus County
- High Country Council of Governments (Wilkes)
- The Housing Assistance Corporation (Transylvania)
- Kerr-Tar Regional Council of Governments (Franklin and Granville)
- City of Kinston (Lenoir)
- Land of Sky Regional Council (Buncombe)
- Mid-East Commission (Beaufort)
- Mountain Projects, Inc. (Jackson)
- Partners in Ministry (Richmond)
- Piedmont Triad Regional Council (Caswell, Davie, Forsyth, Randolph and Yadkin)
- Rebuilding Together of Greater Charlotte (Cabarrus and Union)
- City of Rocky Mount (Edgecombe)
- Sandhills Community Action Program, Inc. (Richmond)
- Tyrell County
- W.A.M.Y. Community Action (Avery and Watauga)
- Wayne Action Group for Economic Solvency (Lenoir)
- Western Piedmont Council of Governments (Alexander and Catawba)
- Wilmington Area Rebuilding Ministry (Columbus, Duplin and New Hanover)
- City of Wilson (Wilson)
“The Essential Single-Family Rehabilitation Loan Pool is crucial in helping to protect some of our state’s most vulnerable citizens in their homes,” said Scott Farmer, executive director of the NC Housing Finance Agency. “We are proud to collaborate with partners across North Carolina to help stabilize communities and support positive economic and health outcomes for individuals and families across our state.”
Consumers can learn more and search for a partner offering assistance in their area on our website: https://www.nchfa.com/current-homeowners/repair-your-home/single-family-rehabilitation-program
The North Carolina Housing Finance Agency is a self-supporting public agency that provides safe, affordable housing opportunities to enhance the quality of life of North Carolinians. Since its creation by the General Assembly, the Agency has financed more than 321,320 affordable homes and apartments, totaling $34.4 billion. To learn more about the Agency and its programs, visit www.HousingBuildsNC.com.