The North Carolina Housing Finance Agency (the Agency) proposes to make a total of $8 million available to eligible organizations for the rehabilitation of owner-occupied homes in selected counties under the 2020 cycle of the Essential Single-Family Rehabilitation Loan Pool (ESFRLP).
Under the 2020 cycle (ESFRLP20), funds will be made available to serve homeowners in the following counties: Alleghany, Anson, Avery, Brunswick, Caldwell, Chowan, Clay, Craven, Davidson, Guilford, Henderson, Hertford, Johnston, Lincoln, Macon, McDowell, Mecklenburg, Moore, Nash, Northampton, Onslow, Orange, Pamlico, Perquimans, Person, Pitt, Rowan, Sampson, Scotland, Stanly, Vance, Washington and Yancey.
ESFRLP funds may not be used to assist households residing within the large CDBG Entitlement cities of Charlotte, Durham, Greensboro, Raleigh and Winston-Salem. Only applications proposing to serve an entire county, excluding the five cities listed above, will be considered for funding.
It is the Agency’s intent to serve 33-34 counties each year, on a three-year rotating basis (contingent on the continuing availability of HOME program funds). Successful applicants (one per county) will be awarded a set-aside of $190,000 for the rehabilitation of eligible units, with the option of receiving additional funds on a first-come, first-served basis.
The focus of the program is on financially feasible, essential rehabilitation. ESFRLP funds are targeted to owner-occupied units. Homes must be occupied by households with elderly, disabled and/or Veteran full-time household members or a child six years old or younger with lead hazards. Household incomes must be at or below 80% of the area median income. Nonprofit organizations, local governments and regional councils of government are eligible to apply for ESFRLP funding. Applicants must show that they have capacity to manage the program. If two or more eligible entities apply to serve a given county, organizational capacity and experience with housing rehabilitation assistance will be deciding factors.
Potential applicants are encouraged to register for the ESFRLP20 Application Guideline Webinar which will be hosted on Tuesday, November 5, 2019 from 1-3 p.m. Only entities proposing to serve counties listed above will be considered for funding. Register now for the ESFRLP20 Application Guideline Webinar.
Application forms and guidelines will be available on the Agency’s website at www.nchfa.com after October 25, 2019. Completed applications must be received by the Agency by 5 p.m. Thursday, December 12, 2019. For more information about the ESFRLP, please call Mike Handley, 919-877-5627, Chuck Dopler, 919-981-5008, Donna Coleman, 919-981-5006 or Dan McFarland, 919-875-3753.