Renew NC Multi-Family Construction and Repair Program: Non-LIHTC

Renew NC Multi-Family Construction and Repair Program: Non-LIHTC is sponsored by North Carolina Department of Commerce. Offers funding to increase the availability of safe and affordable rental housing in areas affected by Hurricane Helene.

Multi-Family Housing Programs | DCR Applications Now Open for Multi-Family Construction and Repair Program Applications are now open for the Renew NC Multi-Family Construction and Repair (MCR) Program: Non-LIHTC. This program is designed to increase the availability of safe and sanitary affordable rental housing in areas affected by Hurricane Helene and is intended to serve multi-family rental properties with five or more rental units.

Learn more about the program and how to start an application. The Division of Community Revitalization (DCR) has created several housing programs to invest in affordable, multi-family rental housing in the HUD- and State-Identified Most Impacted and Distressed (MID) areas.

The State’s HUD-approved Action Plan , as amended, outlines two components of DCR’s multi-family housing programs: The Small Project Component, which is meant to address properties with one to four rental units, and, The Large Project Component, which is meant to address properties with five or more rental units. Small Rental Rehabilitation Program The Small Project Component is the Renew NC Small Rental Rehabilitation Program .

This program is funded with $57. 4 million in CDBG-DR grant funds and helps eligible rental property owners (landlords) repair, reconstruct, or replace rental properties with four or fewer units that were damaged by Hurricane Helene. Properties assisted by this will have a 10-year affordability period.

Applications are now closed for the Small Rental Rehabilitation Program. Small Rental Rehabilitation Program Learn more about the Renew NC Small Rental Rehabilitation Program, qualifications, and how to apply. Multi-Family Construction and Repair Program Applications are open through November 2, 2026 for the MCR Program: Non-LIHTC.

Multi-Family Construction and Repair Program (Non-LIHTC) Learn more about the Renew NC Multi-Family Construction and Repair Program, eligibility, and prescreening. At least one of those tracks is anticipated to address potential projects that do not qualify for or receive Low-Income Housing Tax Credits (LIHTC) under the North Carolina Housing Finance Agency’s (NCHFA) Qualified Allocation Plan. This track is called the Non-LIHTC track.

Eligible applicants for the Non-LIHTC track include for-profit and non-profit developers, public housing authorities, local governments, and joint ventures between these entities. Prescreening is now available for potential applicants of the Multi-Family Construction and Repair Program with non-LIHTC projects.

DCR is partnering with the North Carolina Housing Finance Agency (NCHFA) to allocate CDBG-DR funding to projects for LIHTC awards.

Rental Production Program Policies and Procedures (LIHTC) Renew NC Housing Programs Email List Program-Related Documents and Information Renew NC Small Rental Rehabilitation Program Policies and Procedures Manual (English) Renew NC Small Rental Rehabilitation Program Policies and Procedures Manual (en español) Renew NC MCR Large Project Program Policies and Procedures Manual Additional Program Information Total Budget/CDBG-DR Allocation Lead Agency and Distribution Process Other Eligibility Criteria Maximum Amount of Assistance per Beneficiary Maximum Income of Beneficiary Reducing Barriers for Assistance Total Budget/CDBG-DR Allocation $191,340,000 ($172,712,300 CDBG-DR plus $18,627,700 for mitigation) Lead Agency and Distribution Process NCDOC will implement the program and undertake necessary environmental reviews per 24 CFR 58.

Underwriting support will be provided by contractors. Small project component – open window Large project component – competitive application process Program will restore housing and promote development of new multifamily housing in the Combined MID area and will focus benefit on LMI groups by imposing affordability requirements on new construction. Funding will be via competitive process.

Funding will be split between small projects (4 or fewer units) and large projects (5 or more units). Both small and large projects may have mixed-use components. Projects must be in Combined MID area.

Other Eligibility Criteria Eligible applicants will include private developers, local governments, public or non-profit organizations, and CHDOs/CBDOs. Maximum Amount of Assistance per Beneficiary Suballocation is approximately 30% for small projects ($57. 4 million) and 70% ($133.

94 million) for large projects. Small projects – Grants of a minimum of $250,000 to a maximum of $1,500,000 Large projects – Grants of a minimum of $500,000 to a maximum of $15 million to eligible applicants Maximum Income of Beneficiary 80% of AMI for occupants for units to qualify as providing LMI benefit Project proposals should include mitigation measures and include distinct cost breakout in funding request.

10% of the CDBG-DR Mitigation set aside will be reserved for use with activities and projects funded under this program. Reducing Barriers for Assistance NCDOC will establish requirements for the number of accessible units and deeply affordable units based on project size. Referenced to Title I of Housing and Community Development Act of 1974 (42 USC 5305(a)) or HUD Revised Universal Notice.

§5305(a)(1) – Acquisition §5305(a)(3) – Code Enforcement §5305(a)(4) – Clearance, Rehabilitation, Reconstruction and Construction of Buildings, including housing §5305(a)(5) – Removal of Architectural Barriers §5305(a)(7) – Disposition §5305(a)(8) – Public Services §5305(a)(11) – Relocation Payments §5305(a)(13) – Administrative Costs §5305(a)(14) – Assistance to Non-Profit Entities §5305(a)(15) – Assistance to Neighborhood-Based Organizations §5305(a)(20) – Housing Services §5305(a)(24) – Direct Assistance for Homeownership Activities §5305(a)(25) – Tornado Shelters §5305(a)(26) – Lead-Based Paint Hazard Evaluation and Reduction FR Notice – New Housing Construction - Section III.

D. 5. a.

Referenced To 24 CFR 570, Subpart I and/or HUD Revised Universal Notice. LMI Benefit through Housing – 24 CFR 570. 483(b)(3)