North Carolina

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The North Carolina Housing Finance Agency posted the 2020 LIHTC Final Site Scores. The scores are broken up into two categories: nine and four percent. The nine percent scores are then further subdivided by region.

The deadline to apply for funding for the 2020 Urgent Repair Program is 5:00 pm ET on January 27, 2020 and the 2020 Supportive Housing Development Program deadline is March 2. The deadline for submission of preliminary applications for Housing Credits is January 24.

The North Carolina Housing Finance Agency has posted its final 2020 Qualified Allocation Plan on its website.  As a continued reminder: while the final QAP contains language for the Workforce Housing Loan Program, there remains no appropriation of funds for 2020.  The 2020 Housing Credit Preliminary Application is also now available.  The deadline for application submission is noon […]

The North Carolina Housing Finance Agency has announced that J. Adam Abram has been appointed chair of its Board of Directors by Governor Roy Cooper.  Abram is the founder, chair and CEO of James River Group, Ltd. which owns a group of insurance companies that underwrite casualty insurance in 50 states.

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 […]