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NC Housing Finance Agency Awards $8 Million for Home Rehab in 30 Counties

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RALEIGH—Vulnerable, low-income households in need of rehabilitation and accessibility modifications in 30 counties will receive help thanks to $8 million from the NC Housing Finance Agency’s Essential Single-Family Rehabilitation Loan Pool (ESFRLP). These repairs help veterans, seniors and people with disabilities stay in their homes, saving on health care and long-term care costs. Communities also benefit according to the Harvard Joint Center for Housing Studies, which reported that home rehabilitation investments preserve existing homes and improves the property values of the surrounding neighborhood.

The ESFRLP finances major home rehabilitation and modifications for households with members who are elderly, have disabilities or are veterans, and whose incomes are below 80 percent of their area’s median. Homes with lead hazards occupied by a child 6 years of age or younger may also qualify. The NC Housing Finance Agency finances this assistance through local governments and nonprofit agencies.

The following organizations and local governments are receiving funding:

·        Albemarle Commission (Chowan, Perquimans and Washington)

·        Choanoke Area Development Association of NC (Hertford and Northampton)

·        Coastal Community Action, Inc. (Craven and Onslow)

·        Community and Senior Services of Johnston County (Johnston)

·        Four Square Community Action, Inc. (Clay)

·        The Housing Assistance Corporation (Henderson)

·        Isothermal Planning and Development Commission (McDowell)

·        Kerr-Tar Regional Council of Governments (Person and Vance)

·        Lincoln County

·        Macon County

·        Moore County

·        Nash County

·        Orange County

·        Pamlico County

·        Piedmont Triad Regional Council (Davidson, Guilford and Mecklenburg)

·        Pitt County

·        Salisbury Community Development Corporation (Rowan)

·        County of Sampson

·        Sandhills Community Action Program, Inc. (Anson)

·        Scotland County

·        Stanly County

·        Western Piedmont Council of Governments (Caldwell)

·        Wilmington Area Rebuilding Ministry (Brunswick)

 “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.

The North Carolina Housing Finance Agency, a self-supporting public agency, has financed 93,320 homes and apartments since its creation in 1973.