Renew NC Multi-Family Construction and Repair Program (North Carolina)

Applications are now being accepted for the Renew NC Multi-Family Construction and Repair Program. Donor Name: North Carolina Department of Commerce State: North Carolina County: Selected Counties Type of Grant: Grant Deadline: (mm/dd/yyyy) 07/30/2026 Size of the Grant: More than $1 million Grant Duration: Less than 1 Year Details: This Notice of Funding Opportunity (NOFO) announces the availability of funding under the Community Development Block Grant Disaster Recovery (CDBG-DR) Multi-Family Construction and Repair Program (MCR) administered by the North Carolina Department of Commerce’s Division of Community Revitalization (DCR).The funds are provided by the U.S. Department of Housing and Urban Development (HUD) to assist in the revitalization of impacted commercial areas located within State- and HUD- Identified Most Impacted and Distressed (MID) counties, referred together as Combined MID.The Renew NC Multi-Family Construction and Repair Program Policies and Procedures Manual is available online. This manual serves as the authoritative guide to the implementation of the MCR Program. It is intended for use by subrecipients, developers, and other program stakeholders.ObjectivesAddress unmet rental housing needs in the following counties identified in the State’s Action Plan as the most impacted and distressed (MID) areas: Alexander, Alleghany, Ashe, Avery, Buncombe (see note), Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg (zip code 28214), Mitchell, Polk, Rutherford, Surry, Swain, Transylvania, Watauga, Wilkes, Yadkin, and Yancey.Note: projects located within Buncombe County that are also located within the City of Asheville are not eligible for funding due to the availability of the City’s own CDBG-DR funding allocation.Increase the availability of affordable rental units;Promote housing accessibility and sustainability;  Encourage the inclusion of special needs populations and supportive housing.Funding InformationTotal Funding Allocation: $70,591,500Minimum Grant Amount: $500,000Maximum Grant Amount: $15,000,000Eligible ActivitiesEligible activities include, but are not limited to:New construction of multifamily housingReconstruction or rehabilitation of existing multifamily housingEligibility CriteriaEligible applicants include but are not limited to:  For-profit developersNon-profit housing developers, including Community Housing Development Organizations (CHDOs) and Community-Based Development Organizations (CBDOs)Public housing authorities  Units of local governmentJoint ventures between eligible entities above, provided they demonstrate adequate developmentcapacity and financial management acumen  Applicants must:  Be legally organized to develop and operate multi-family rental housingHave experience delivering publicly funded affordable housing  Be in good legal and financial standing with federal and state agenciesNot be debarred or suspended  IneligibilityThe following is a non-exhaustive list of examples of ineligible costs and activities:Duplication of benefits from other sourcesActivities without a direct tie to disaster recoveryCosts incurred prior to environmental clearance, unless approved by DCR as outlined in the program’s policies and procedures  Luxury improvements not essential to health and safety (e.g., swimming pools, high-end finishes, etc.)  Commercial components not allocated to a non-CDBG-DR source  Operating reserves or rental subsidiesPolitical, lobbying, or legal fees unrelated to program deliveryFor more information, visit NCDC.