North Carolina
Center Crossing Affordable Senior Community Now Underway in Hickory, NC
Woda Cooper Companies, Inc. released a short video to celebrate the recent start of construction at Center Crossing in downtown Hickory, North Carolina. The 50-unit affordable rental community will be near the city’s downtown Union Square and will serve low-income seniors.
Submit Comments on North Carolina’s 2021 QAP
North Carolina Housing Finance Agency posted the second draft of its 2021 QAP. The following are the significant changes (all changes are highlighted in the document):
North Carolina 2021 QAP Hearing Sept. 16
The North Carolina Housing Finance Agency will hold a 2021 QAP Public Hearing on September 16, 2020 at 10 a.m. ET. The Public Hearing will be held virtually only with no in-person attendance at the Agency. Register here. If you would like to make a comment during the Public Hearing, please email [email protected].
North Carolina Extends 2020 LIHTC Deadline to May 19
During routine network maintenance, the North Carolina Housing Finance Agency experienced a hardware failure that impacted the entire network and prevented the mass notification of interested parties that the tax credit application system would be unavailable for an undetermined period of time.
North Carolina Posts 2020 LIHTC Final Site Scores
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.
North Carolina Program Funding Deadlines
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.
North Carolina Posts 2020 QAP & Preliminary Application on Website
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 […]
NCHFA Appoints J. Adam Abram Chair of Board
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 Approve Housing Ballot Measures
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 […]
North Carolina Posts Second Draft 2020 QAP
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 […]
North Carolina Holds 2020 QAP Hearing – September 4
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.
North Carolina Announces LIHTC Awards
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.