Single Family Rehabilitation Program Funds Available
The North Carolina Housing Finance Agency proposes to make a total of $7 million available to eligible organizations for the rehabilitation of scattered-site, owner-occupied homes in selected counties under the 2013 cycle of the Single-Family Rehabilitation Program (SFR).
Funds will be made available to serve homeowners in the following counties:
Alexander, Beaufort, Buncombe, Cabarrus, Carteret, Caswell, Catawba, Cherokee, Cleveland, Columbus, Davie, Duplin, Durham, Edgecombe, Forsyth, Franklin, Gates, Granville, Halifax, Harnett, Jackson, Lenoir, New Hanover, Randolph, Richmond, Robeson, Rutherford, Stokes, Tyrrell, Union, Watauga, Wilson, and Yadkin.
Only entities proposing to serve counties listed above shall be considered for funding. SFR funds may not be used to assist households residing within entitlement counties (Cumberland, Mecklenburg, and Wake) or the 23 entitlement cities that receive funds directly from HUD. Only applications proposing to serve an entire county, excluding entitlement areas, will be considered for funding.
The focus of the program is on financially feasible, moderate rehabilitation. SFR funds are targeted to owner-occupied units, occupied by households with elderly and/or disabled full-time household members or owner-occupied units with lead hazards and a child 6 years old or younger. Household incomes must be below 80% of the area median income.
Nonprofit organizations, local governments, and regional councils of government are eligible to apply for SFR funding. Applicants must show that they have capacity to manage the program, and where two or more eligible entities apply to serve a given county, organizational capacity and experience with houseing rehabilitation assistance will be deciding factors.
Potential applicants are encouraged to register for the SFR13 Application Guideline Webinar, which will be presented on Tuesday, December 11, 2012 from 2:00 to 4:00. Register for the webinar here no later than 5:00 p.m. December 10, 2012.
Application forms and guidelines will be available on the Agency's website at www.nchfa.com after December 10, 2012.
For more information about the SFR program, please contact:
Dick Smith-Overman: 919-877-5628
Mike Handley: 919-877-5627
Chuck Dopler: 919-981-5008