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Supportive Housing Developers

The North Carolina Housing Finance Agency offers the Supportive Housing Development Program to help nonprofit organizations and local governments build and rehabilitate emergency and permanent housing for people who are experiencing homelessness or at imminent risk of homelessness, have disabilities or other special needs. For-profit develpers are eligible to apply for projects which create targeted, integrated housing and have a letter of support from the local LME/MCO. The Agency provides interest-free loans up to $700,000 depending on location.

 

  • Supportive Housing Financing

    The North Carolina Housing Finance Agency provides interest-free loans for development projects that benefit people experiencing homelessness or at imminent risk of homelessness, people with mental, physical or developmental disabilities, people with substance use disorders, children in foster care, youth aging out of foster care or other licensed facilities, survivors of domestic violence, and adults re-entering the community after being released from correctional facilities.

    Learn How the Supportive Housing Program Can Help
  • Q:

    What are the income limits for my proposed development?

    A:

    The housing must serve individuals and families who earn below 50% of area median income. Please note that rent and utilities cannot exceed 30% of targeted household income for residents.

  • Q:

    What organizations are eligible to apply for supportive housing funds?

    A:

    Nonprofit organizations must have had their 501(c)3 designation for at least three years to apply and must be able to provide two years of audited financial statements. Organizations which have not completed a successful real estate development project within the last seven years must work with a qualified consultant or partner with a more experienced nonprofit organization.

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Investors

North Carolina Housing Finance Agency / 3508 Bush Street / Raleigh, NC 27609 / 919-877-5700

North Carolina Housing Finance Agency

3508 Bush Street Raleigh, NC 27609
tel919-877-5700

Disclaimer (please scroll and read, then proceed below)

All information contained on the following Web pages is obtained from the Agency’s books and records, and is believed to be accurate and reliable. Reference should be made to the official statement and operative documents of each series of bonds referred to herein for complete information on that issue. Because of the possibility of human and mechanical error as well as other factors, this information is provided "as is" without warranty of any kind and no representation or warranty, expressed or implied, is made, nor should any be inferred, as to the accuracy, timeliness, or completeness of this information. Under no circumstances shall North Carolina Housing Finance Agency have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any error (on account of neglect or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analyzing, editing, transcribing, transmitting, communicating or delivering this information, or (b) any direct, indirect, special, consequential, or incidental damages whatsoever, even if North Carolina Housing Finance Agency is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, any such information. This information relates to bond issues of the North Carolina Housing Finance Agency that have been sold and distributed in underwritten public offerings described in the related official statements. Each viewer of the aforementioned information acknowledges that (i) the North Carolina Housing Finance Agency is not now by this document offering any bonds or other securities, nor soliciting an offer to buy any securities, (ii) this information is not to be construed as any description of the North Carolina Housing Finance Agency-such offerings are only made pursuant to the appropriate official statements of the North Carolina Housing Finance Agency, (iii) the information provided speaks only as of the date thereof and the North Carolina Housing Finance Agency has not in any way undertaken to update such information, and (iv) no representation is made as to the propriety or legality of any secondary market trading of the bonds or other securities of the North Carolina Housing Finance Agency by anyone in any jurisdiction. The financial condition of the North Carolina Housing Finance Agency may have changed since the date this information was prepared.

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