North Carolina Housing Finance Agency

This document outlines the North Carolina Housing Finance Agency's strategic focus on supportive housing to achieve specific impacts by 2025. The agency plans to invest in supportive housing development, aiming to create 270 units for low-income individuals, people with disabilities, domestic violence survivors, homeless veterans, and children aging out of foster care. The overarching vision is to provide quality emergency, transitional, and permanent housing, leading to increased housing stability, reduced public costs, and improved family reunification rates.

The North Carolina Housing Finance Agency is a self-supporting public agency dedicated to addressing critical housing needs and stimulating real estate activity across North Carolina. It achieves its mission by leveraging state, federal, and private resources through public-private partnerships. The agency focuses on key areas including providing affordable housing opportunities for various demographics, offering low-cost mortgages and down payment assistance, financing home rehabilitation, supporting rental development, offering supportive housing solutions, and implementing foreclosure prevention programs. Its overarching goal is to create accessible and affordable housing, thereby benefiting citizens, communities, and the state's economy.

The 2026 Qualified Allocation Plan, developed by the North Carolina Housing Finance Agency as the administrative agent, outlines the criteria and procedures for allocating low-income housing tax credits in compliance with Section 42 of the Internal Revenue Code. The plan details selection criteria including project location, market demand, design quality, financial viability, and the experience of the development team, with a focus on serving low-income and vulnerable populations. It also incorporates guidelines for Rental Production Program (RPP) and Workforce Housing Loan Program (WHLP) investments to enhance project affordability.

The North Carolina 2023 Annual Action Plan outlines the state's strategies and goals for housing, community development, and related services, including emergency housing, transportation, and utility payments. The plan prioritizes state agency coordination to improve housing policy and the allocation of federal and state funding sources. It addresses the needs of various populations, including non-homeless persons with special needs, households with low area median income (AMI), persons experiencing homelessness, and those affected by COVID-19. The plan also focuses on neighborhood stabilization and non-housing community development needs.

The North Carolina 2025 Annual Action Plan, the fifth year of the 2021-2025 NC Consolidated Plan, focuses on housing, community development, and hurricane relief. Key objectives include providing decent and affordable housing, a suitable living environment, and expanded economic opportunities. The plan prioritizes state agency coordination, leveraging federal and state funding, and addressing the impacts of recent natural disasters and COVID-19 to meet the housing and community development needs of low- and moderate-income persons across the state.