Find Rental Development Financing Options
Find Rental Development Financing Options supports affordable rental housing in North Carolina through tax credits, loans, and bonds, with strict compliance and oversight by the North Carolina Housing Finance Agency.
Funder: North Carolina Housing Finance Agency
Due Dates: January 23, 2026 (Preliminary applications) | March 27, 2026 (Market-related revisions) | May 15, 2026 (Full applications) | October 1, 2026 (Bond/4% Credit preliminary applications) | January 15, 2027 (Bond/4% Credit full applications)
Funding Amounts: Federal housing tax credits, low-interest loans, and tax-exempt bond allocations; typical awards are highly competitive and vary by project size and financing structure.
Summary: Supports affordable rental housing development in North Carolina via tax credits, loans, and bonds, with ongoing compliance monitoring.
Key Information: Highly competitive; partnering with an experienced developer is strongly recommended for new applicants.
Description
The North Carolina Housing Finance Agency (NCHFA) offers annual financing opportunities to support the construction and preservation of affordable rental housing throughout North Carolina. Funding is provided through federal Low-Income Housing Tax Credits (LIHTC), low-interest loans, and allocations of tax-exempt bonds. Awards are made via a competitive application process governed by the state's Qualified Allocation Plan (QAP). Funded projects are monitored by NCHFA to ensure ongoing compliance with rent, income, and property maintenance standards.
