Vulnerable, low-income households in need of rehabilitation and accessibility modifications in 31 North Carolina counties will receive help thanks to $11 million from the NC Housing Finance Agency’s Essential Single-Family Rehabilitation Loan Pool.

Locally, the Choanoke Area Development Association of NC will receive funds for Hertford and Northampton counties.

The ESFRLP finances major home rehabilitation and modifications for households with incomes below 80 percent of their area’s median income. 

This investment will help veterans, seniors and people with disabilities stay in their homes and out of costly institutions, saving on health care and long-term care costs. Homes with lead hazards occupied by a child six years of age or younger may also qualify.

The NC Housing Finance Agency provides this assistance through local governments, regional organizations, community action agencies and other nonprofit agencies. 

Thirty-eight organizations and local governments will receive funding in the amount of $162,000  per county served and will manage the rehabilitation process. 

This $6.156 million will provide comprehensive rehabilitation to at least 114 homes through forgivable loans. An incentive pool of $4.844 million will assist an additional 90 homes.

“Investments in home rehabilitation and accessibility modifications help keep some of our state’s most vulnerable citizens in their homes,” said Scott Farmer, executive director of the NC Housing Finance Agency. “We are proud to partner with such deserving organizations to continue our work stabilizing neighborhoods and contributing to favorable economic and health outcomes statewide.”

Consumers can learn more and search for a partner offering assistance in their area at this link