Voters in multiple jurisdictions across the country approved housing- and mitigation-related ballot measures. Voters in Durham, NC approved a $95 million affordable housing bond by a 76 to 24 percent margin. The measure will be paired with $65 million in federal and local funding over the next five years to support affordable housing development and […]
The North Carolina Housing Finance Agency posted the second draft of its 2020 QAP. The following are the significant changes: Elderly projects are now referred to as Senior projects; The nonprofit allocation cap has been removed; Monitoring fees are $1,200 per unit for non-Income Averaging projects due to the new IRS mandated monitoring requirements; Project […]
The North Carolina Housing Finance Agency (NCHFA) will hold a 2020 QAP public hearing on September 4 at 2:00 pm EDT. The meeting will take place at NCHFA’s office at 3508 Bust Street Raleigh, NC 27609 and via webinar.
The North Carolina Housing Finance Agency posted the 2019 LIHTC awards. 40 projects in 29 counties totaling 2,653 units were funded through LIHTC. Two projects received CDBG-DR funds to support Hurricane Matthew recovery. Awards were also made to six tax-exempt bond projects totaling 1,040 units.
HUD awarded nearly $1.5 billion to support seven states in their recovery from 2018 disasters, including Hurricane Michael, Hurricane Florence and wildfires in California.
The North Carolina Housing Finance Agency is accepting applications for its 30th annual Housing North Carolina Awards.
On April 8, the Woda Cooper Companies opened its new Shepard Greene housing community in Zebulon, NC. The 50-unit apartment community offers age-in-place features and energy-efficient apartments for residents aged 55 years and older who are at 60 percent area median income or less.
The North Carolina Housing Finance Agency published the list of received Housing Credit and tax-exempt bond preliminary applications. There were 153 preliminary 9% applications in 50 counties (141 new construction and 12 rehabilitation) and 16 tax-exempt bond applications. Applicants have until 10 am ET on Jan. 22 to withdraw an application and have the $5,760 […]
NH&RA members Bank of America Merrill Lynch and Barings partnered with Ally Financial to invest $70 million towards increasing affordable housing stock in the Charlotte, NC. The $70.75 million investment will go towards: $11 million for the newly proposed Housing Opportunity Investment Fund — a private sector fund that will oversee some of the affordable […]
The final 2019 Qualified Allocation Plan is now available on the North Carolina Housing website. The 2019 Housing Credit preliminary application is also now available. The deadline for application submission is noon on January 18, 2019.
Housing was on the ballot in many communities last week. Below are links to some notable highlights from around the country: San Francisco voters approved a tax on big business to fund permanent housing, emergency shelters and mental health services for the city’s homeless people. Economists said it would raise $250 million to $300 million. Portland-area […]
The Second Draft 2019 Qualified Allocation Plan is now available on the Agency’s website. The following are the significant changes: 12.5% of total credits available will be added to the East region Counties in the East and Central regions that were declared federal disaster areas (Individual Assistance designation) under Hurricane Florence are eligible for a […]