PROGRAM DESCRIPTION: Single family housing and apartment rehabilitation grant assistance to non-profit agencies in North Carolina.
TYPE OF ASSISTANCE: Pass through money to qualified very low and low-income recipients.
ELIGIBILITY REQUIREMENTS: Non-profit agencies in North Carolina doing business in the area of grant rehabilitation to qualified very low and low-income people.
FUND AVAILABILITY AND MAXIMUM AMOUNTS: Funding is based on an annual appropriation. No more than 50% of the State's allocation may be obligated to a single entity. Information on funding is published annually in a Notification of Fund Availability (NOFA). Applications can be filed only in the timeframe contained in the NOFA.
INTEREST RATE: None.
TERMS AND COLLATERAL: One to two year grant term conducted by approved agency.
FEES: None.
CREDIT REQUIREMENTS: Past experience preferred in conducting successful rehabilitation program in areas where business is conducted.
CONTACT: Preapplications are made at Rural Development offices. The preapplication process deadline is published in the FEDERAL REGISTER each year.
For assistance, please contact the Area Office which serves the area you are interested in, or William Hobbs, Program Director. Mr. Hobbs can be reached at 919-873-2063 or email:bill.hobbs@nc.usda.gov.
Please send any comments or suggestions to:
Rdwebmaster@usda.gov
Revised on: August 4, 2003