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 persons who are homeless or have disabilities or other special needs such as substance use recovery. The Agency provides interest-free loans up to $700,000 depending on location.

The Agency also currently offers financing through the Integrated Supportive Housing Program (ISHP). This funding is available to local governments, nonprofit and for-profit organizations working in collaboration with their local Local Management Entity/Managed Care Organization to build, acquire and rehabilitate, rehabilitate only or refinance apartments in which no more than 20% of the units are set aside for persons with disabilities. Interest-free loans of up to $1,500,000 are available.

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Learn eligibility requirements and the application process for supportive housing development loans.

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Supportive Housing Financing

The North Carolina Housing Finance Agency provides interest-free loans for development projects that benefit homeless persons, persons with mental, physical or developmental disabilities, persons with substance use disorders, children in foster care, youth aging out of foster care, and adults released from correctional facilities.

Learn How the Supportive Housing Program Can Help

Q:

How do I schedule a site visit for my proposed supportive housing development?

A:

To request a site visit, please submit the Project Description and Site Visit Request form.
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.