Notice of Funds Available - 2024 Essential Single-Family Rehabilitation Loan Pool - Disaster Recovery

January 02, 2024 8:30 AM | Ashley Pendley (Administrator)

Essential Single-Family Rehabilitation Loan Pool - Disaster Recovery
Notice of Funds Available

Issued December 1, 2023

I am pleased to announce that the North Carolina Housing Finance Agency (the Agency) proposes to make a total of $11 million dollars available to eligible organizations for the rehabilitation of owner-occupied homes in selected counties under the 2024 cycle of the Essential Single-Family Rehabilitation Loan Pool (ESFRLP).
Under the 2024 cycle (ESFRLP24), $10 million in rehabilitation and $1 million in administrative funds will be made available to one or more organizations to serve homeowners in the following counties: Alamance, Ashe, Bertie, Bladen, Burke, Camden, Chatham, Currituck, Dare, Gaston, Graham, Greene, Haywood, Hoke, Hyde, Iredell, Jones, Lee, Madison, Martin, Mitchell, Montgomery, Pasquotank, Pender, Polk, Rockingham, Surry, Swain, Transylvania, Wake, Warren, Wayne and Wilkes.
ESFRLP funds may not be used to assist households residing within the large CDBG Entitlement cities of Charlotte, Durham, Greensboro, Raleigh and Winston-Salem. Only applications proposing to serve an entire county, excluding the five cities listed above, will be considered for funding; a separate application must be submitted for each county an organization seeks to serve.
It is the Agency’s intent to serve 33-34 counties each year, on a three-year rotating basis (contingent on the continuing availability of HOME program funds). Successful applicants will be awarded a set-aside of $162,000 for the rehabilitation of eligible units, with the option of receiving additional funds on a first-come, first-served basis.  
The focus of the program is on financially feasible, essential rehabilitation. ESFRLP funds are targeted to owner-occupied units. Homes must be occupied by households with elderly, disabled and/or Veteran fulltime household members or a child six years old or younger with lead hazards. Household incomes must be at or below 80% of the area median income. Nonprofit organizations, local governments and regional councils of government are eligible to apply for ESFRLP funding. Applicants must show that they have the organizational capacity to manage this program and experience with housing rehabilitation assistance. If two or more eligible entities apply to serve a given county, more than one applicant may be approved.
Potential applicants are encouraged to register for the ESFRLP24 Application Guideline Webinar which will be hosted on Monday, December 18, 2023 from 1:00-3:00 p.m. Only entities proposing to serve counties listed above will be considered for funding. You can register for the ESFRLP24 Application Guideline Webinar by clicking the following link: ESFRLP24 Application Guideline Webinar.
Application forms and guidelines will be available on the Agency’s website at on or after December 1, 2023.  Completed applications must be received by the Agency by 5:00 p.m. on Friday, January 12, 2024. 

For more information about the ESFRLP, please call Donna Coleman, 919-981-5006; Mike Handley, 919-877-5627; Chuck Dopler, 919-981-5008; Dan McFarland, 919-875-3753 or Sarah Zinn, 919-578-3580.

North Carolina Community Development Association
P. O. Box 1851, Wilson, NC 27894

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