RALEIGH — Vulnerable, low- and moderate-income households in need of rehabilitation and accessibility modifications in some North Carolina counties, including Alamance, will receive help thanks to $11 million from the N.C. Housing Finance Agency’s Essential Single-Family Rehabilitation Loan Pool.
The ESFRLP finances major home rehabilitation and modifications for households with incomes below 80% 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 6 years old or younger may also qualify.
The N.C. Housing Finance Agency provides this assistance through local governments, regional organizations, community action agencies and other non-profit agencies. Organizations and local governments will receive funding in the amount of $162,000 set-asides per county served and will manage the rehabilitation process.
Among the organizations that will receive funding was the Piedmont Triad Regional Council, which will serve Alamance and several other counties.
“Home rehabilitation and accessibility modification investments help protect some of our state’s most vulnerable citizens in their homes,” said Scott Farmer, executive director of the N.C. Housing Finance Agency. “We are proud to partner with organizations across the state to work together to stabilize neighborhoods and contribute to favorable economic and health outcomes statewide.”
