Housing Development

Creating multi-unit rental developments and single-family units

Housing Development (HD) grants focus on the creation of multi-unit rental developments and single-family units, while also providing support for homeownership activities for low and moderate-income families.

The 2010 grant cycle is closed. The 2011 and 2012 grant cycles do not include the Housing Development program. 

Preference for HUD funds goes to:

  • Local governments in Tier 1 and Tier 2 Counties
  • Municipalities that have designated State Development Zones (SDZs)
  • 21st Century Communities

Funding for the Individual Development Account (IDA) Program is money from de-obligations and other uncommitted funds.

Rental Housing

Regular Multi-unit Development Requirements - Eligible uses of CDBG funds include installation of public infrastructure (water, sewer or streets, sidewalks and drainage on a case-by-case basis), the removal of hazardous material, acquisition of vacant land or vacant historic buildings by an eligible non-profit, and certain rehabilitation activities (on a case-by-case basis).

Maximum Amounts: The maximum grant is $250,000 with a $6,000 per unit maximum.

CDBG/Tax Credit/Rental Production Requirements - Eligible activities include:

  • Installation of public infrastructure (water, sewer or streets, sidewalks and drainage on a case-by-case basis)
  • Removal of hazardous material
  • Acquisition of vacant land or vacant historic buildings by an eligible non-profit
  • Certain rehabilitation activities (on a case-by-case basis)

Maximum Amounts: The maximum grant is $250,000 with a $6,000 per unit maximum.

Homeownership

Single-family Housing Requirements- Eligible uses include:

  • Installation of public infrastructure (water, sewer, streets, sidewalks and drainage),
  • Removal of hazardous material
  • Vacant land acquisition by an eligible non-profit

Maximum Amounts: Funds will be available for developments up to $250,000. There is a $18,000 per unit assistance maximum for single-family projects.



For additional information, contact:
Iris C. Payne
Programs and Compliance Section Chief
(919) 571-4900
ipayne@nccommerce.com

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