The NC Housing Finance Agency has approved $26.9 million in funding for the preservation and rehabilitation of rental homes in five communities for North Carolina households earning up to 80 percent of the area median income, with a priority to preserve units affordable for households earning up to 30 percent of the area median income.
The Agency awarded this funding through its Rental Preservation Loan Program (RPLP), a new program that preserves existing affordable rental housing across the state by providing financing for the acquisition and rehabilitation needs of affordable rental properties currently in the Agency’s rental investment portfolio.
