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Opportunities Increase for North Carolinians with Special Housing Needs

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RALEIGH—North Carolinians with disabilities, experiencing homelessness or facing other special housing needs will gain more affordable housing options thanks to funding from the NC Housing Finance Agency. Through its Supportive Housing Development Program (SHDP), the Agency awarded $2.5 million to the following four properties:

  • Vance Street Homes, Rocky Mount, will create eight new homes to provide permanent housing for people with disabilities and low- to moderate-income families. The project will consist of three 1-bedroom single-family homes and five 3-bedroom single-family homes.
  • Ross Road Apartments, Durham, will rehabilitate 42 apartments, originally constructed in 1971, to address all deferred maintenance. Nine units will be set aside for people with disabilities.
  • Partnership Place, Greensboro, will rehabilitate 30 2-bedroom units with six set aside for people with disabilities. The rehabilitation will address major systems both interior and exterior.
  • Springs Cove II Apartments, Red Springs, will create three duplex buildings to provide permanent housing for six low-income households with two set aside for people with disabilities.

Celebrating its 25th year, SHDP is funded by the North Carolina Housing Trust Fund and provides the state’s largest source of financing for supportive housing. The program benefits a wide array of populations that may otherwise have remained unserved, ranging from those experiencing homelessness or with mental, physical or developmental disabilities to children living in or aging out of foster care.

“The state’s Housing Trust Fund has a noteworthy track record financing supportive housing for some of our state’s most vulnerable citizens,” said Scott Farmer, executive director of the NC Housing Finance Agency. “We’re proud to award funds to these four properties that will increase affordable housing opportunities for North Carolinians who often don’t have good options.”

Learn more about the Agency’s supportive housing funding at https://www.nchfa.com/rental-housing-partners/supportive-housing-developers/supportive-housing-program.

The North Carolina Housing Finance Agency, a self-supporting public agency, has financed 269,000 homes and apartments since its creation in 1973.