New NC funding will help expand affordable housing for those with specific needs

New NC funding will help expand affordable housing for those with specific needs

10:50am Jul 08, 2022
Hope Court Apartments, which offers permanent supportive housing in Greensboro, is financed through the state Supportive Housing Development Program. The North Carolina Housing Finance Agency has approved new funding to expand the program. Photo courtesy of NC Housing Finance Agency.

The North Carolina State Housing Finance Agency has approved $4.3 million in funding for properties geared toward those with special housing needs, including military veterans, children aging out of foster care, and people with disabilities.

The funding will be administered through the state’s Supportive Housing Development Program, which finances emergency, transitional, and permanent housing for special needs residents who fall below 50 percent of the area median income.

Scott Farmer is the executive director for the North Carolina Housing Finance Agency. Farmer says the relatively small-scale program is doing its best to fulfill a great need for affordable housing throughout the state.

"And as you see with a couple of properties in this cycle that are from the Greensboro/Winston-Salem/High Point area, they’re important to those communities and they make a huge impact, even though they may be small in size and small in number, it’s still units that otherwise wouldn’t be available without this important state resource," says Farmer. 

Sixteen new apartment units will be made available in Greensboro, while in High Point six new houses will be provided for veterans experiencing homelessness.

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