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NC Housing Finance Agency Awards $8 Million for Home Rehab in 33 Counties

RALEIGH—Vulnerable, low-income households in need of rehabilitation and accessibility modifications in 33 North Carolina counties will receive help thanks to $8 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 are below 80 percent of their area’s median. 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 6 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 nonprofit agencies. Funds will serve the following counties: Alamance, Ashe, Bertie, Bladen, Burke, Camden, Chatham, Currituck, Dare, Gaston, Graham, Greene, Haywood, Hoke, Hyde, Iredell, Jones, Lee, Madison, Martin, Mitchell, Montgomery, Pasquotank, Pender, Polk, Rockingham, Surry, Swain, Transylvania, Wake, Warren, Wayne and Wilkes.

Nineteen organizations and local governments will receive funding in the amount of $190,000 set-asides per county served and will manage the rehabilitation process. This  $6.27 million will provide comprehensive rehabilitation to at least 165 homes through forgivable loans. An incentive pool of $1.73 million will assist an additional 43 homes.

  • Albemarle Commission (Camden, Currituck, Dare, Hyde, Pasquotank)
  • Bladen County (Bladen)
  • Choanoke Area Development Association of NC, Inc. (Bertie)
  • The Community Housing Coalition of Madison County (Madison)
  • Four Square Community Action, Inc. (Graham, Swain)
  • Gaston County (Gaston)
  • Greene County (Greene)
  • Hoke County (Hoke)
  • Hope Restorations, Inc. (Jones, Wayne)
  • The Housing Assistance Corporation (Polk, Transylvania)
  • Kerr-Tar Regional Council of Governments (Warren)
  • Martin County (Martin)
  • Mountain Projects, Inc. (Haywood)
  • Piedmont Triad Regional Council (Alamance, Ashe, Montgomery, Rockingham, Surry, Wilkes)
  • City of Sanford (Lee)
  • Triangle J Council of Governments (Chatham, Wake)
  • WAMY Community Action, Inc. (Mitchell)
  • Western Piedmont Council of Governments (Burke, Iredell)
  • Wilmington Area Rebuilding Ministry, Inc. (Pender)

“Investments in home rehabilitation and accessibility modifications help keep some of our state’s most vulnerable citizens in their homes, stabilizing neighborhoods and contributing to favorable economic and health outcomes statewide,” said Scott Farmer, executive director of the NC Housing Finance Agency.

Consumers can learn more and search for a partner offering assistance in their area at  https://www.nchfa.com/current-homeowners/repair-your-home/single-family-rehabilitation-program.