Overview: Multi-Family Construction and Repair Program & Workforce Housing for Ownership Program

Chapters: 0:00:00 Welcome and Introduction 0:00:26 Overview of Renew NC programs 0:01:27 Multi-Family Construction and Repair Program: Non-LIHTC 0:02:07 Eligibility Criteria 0:04:18 Program Requirements 0:05:50 Awards 0:07:08 Scoring Criteria 0:08:35 Process 0:10:17 Resources 0:11:34 Workforce Housing for Ownership Program 0:12:10 Eligibility Criteria 0:13:48 Program Requirements 0:15:15 Awards 0:16:16 Scoring Criteria 0:17:53 Process 0:19:11 Resources ----- The Renew NC Multi-Family Construction and Repair (MCR) Program: Non-LIHTC is an initiative designed to increase the availability of safe and sanitary affordable rental housing in areas affected by Hurricane Helene. The program is intended to serve multi-family rental properties with five or more rental units, including the rehabilitation or development and construction of new rental housing stock that does not qualify for or receive Low-Income Housing Tax Credits (LIHTC) under the North Carolina Housing Finance Agency’s (NCHFA) Qualified Allocation Plan. Applications are open now through November 2, 2026. Prescreening is strongly encouraged, but not required, prior to submitting an application. ----- The Workforce Housing for Ownership (WHFO) Program will fund development of workforce housing units for ownership. There is a distinct need within the HUD-Identified Most Impacted and Distressed (MID) counties for additional homeownership opportunities that are affordable to broader segments of the workforce to incentivize them to remain in western NC following Helene and to partially remedy inadequate housing production in past years across western NC. The term “workforce,” as used under this program, refers to households up to 80% of AMI. Applications are open now through December 13, 2026. Prescreening is strongly encouraged, but not required, prior to submitting an application. Visit the commercerecovery.nc.gov website for more information.