Find Rental Development Financing Options

The North Carolina Housing Finance Agency finances construction of affordable rental housing throughout the state. We award federal housing tax credits, low-interest loans and tax-exempt bond allocations annually through a competitive application process.

Once funding is awarded, we monitor the properties during the compliance period to ensure that rents and residents’ incomes do not exceed program limits and that the properties are well-maintained.

Learn more about each type of financing and eligibility requirements below.

Available Options

Low-Income Housing Tax Credits

Learn how Housing Credits can finance the construction of rental housing units for low-income families and individuals in North Carolina.

Tax-Exempt Bonds

Learn about tax-exempt bond financing for the construction or rehabilitation of affordable rental housing.

Workforce Housing Loan Program

Find out about additional funding available from the state in the form of deferred payment loans that cover a percentage of your rental project’s development cost.

Rental Production Program Loans

If your rental development serves families earning 60% or less of the area median income, you may qualify for an additional loan from the Agency.