Raleigh, NC – September 4, 2008 – (RealEstateRama) — Funding is now available to local organizations under the newly-redesigned Single-Family Rehabilitation Program (SFR), which is funded through the federal HOME Investment Partnership Program (HOME).
A total of $8 million will be made available under the 2009 cycle of the SFR Program (SFR09) to nonprofit organizations, local governments and regional councils proposing to serve non-entitled areas of any of the following 24 designated counties: Alamance, Ashe, Bertie, Bladen, Burke, Chatham, Currituck, Dare, Gaston, Haywood, Lee, Madison, Mitchell, Montgomery, Pasquotank, Pender, Polk, Rockingham, Scotland, Surry, Swain, Transylvania, Wayne and Wilkes.
From $200,000 to $400,000 is available per county, based on service area population (see table on page 5 of the Application Guidelines).
The goal of the SFR Program is to make a long-term positive impact on the state’s stock of standard affordable housing by encouraging the comprehensive rehabilitation of existing, moderately-deteriorated, owner-occupied, single-family homes with one or more elderly and/or disabled, fulltime, household members (below 80% of the area median income).
The Application Guidelines provide an overview of the Program. Additional information on Program and application requirements is contained in the Application for Funding form. The Application for Funding form and Application Guidelines are available for downloading.
Applications must be received by the North Carolina Housing Finance Agency by 5:00 p.m., October 13, 2008.
