Turning Lost Funding into New Housing Options. North Carolina Housing Finance Agency Our mission is to create affordable housing opportunities for North.

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Presentation transcript:

Turning Lost Funding into New Housing Options

North Carolina Housing Finance Agency Our mission is to create affordable housing opportunities for North Carolinians whose needs are not met by the market. We also work to preserve existing Supportive Housing with additional SHDP funding and technical assistance.

Supportive Housing Development Program Provides interest-free loans of up to $600,000 per development for the production of emergency, transitional and permanent housing for homeless families and individuals, and persons with special housing needs. Targets assistance to households at 30% of area median income or below.

Accomplishments 3,859 Units Funded since 1994 Units Developed in 61 Counties $87.8 million invested in projects worth $251 million 232 Projects Data as of 10/14/2014

Examples of Preservation Projects

SHDP Loan Work-outs Pittsboro Duplexes (permanent housing for disabled persons) Reach of Jackson County (DV shelter & trans. housing, Sylva) Shelter of Wayne (DV shelter, Goldsboro) The Hope Center (men’s homeless shelter, Fayetteville) Children’s Group Home of Wilkesboro (children with mental illness) Crisis Council Shelter (DV shelter, Troy) Haven House (group home for children, Raleigh)

Preservation of MHA Supportive Housing 18 properties 16 occupied 2 vacant properties transferred to new owners with no new funding (Aberdeen, Rockingham) 7 occupied properties transferred to new owners with no new funding (Statesville, Henderson, 2 in Lenoir, Rockingham, 2 in Asheville) 7 occupied properties transferred to owners with new SHDP funding (Concord, Rocky Mount, Asheboro, Goldsboro, Hamlet, Greensboro, Reidsville) 1 demolished and replaced with SHDP funding (Pittsboro) 1 demolished and tenant re-located with no new funding (New Bern)

Technical Assistance Consultation Visits with NCHFA Supportive Housing Development Team NCHFA Information and Referral Services Guidance on completing applications Advocacy with other funding sources

SHDP Staff Mary Reca Todd, Manager of Supportive Housing or Gwen Belcredi, Senior Supportive Housing Development Officer , Margrit Bergholz, Senior Supportive Housing Development Officer or