SECTION .0300 - HOUSING PRODUCTION PROGRAM

24 NCAC 01M .0301        GOAL AND OBJECTIVES

(a)  The goal of the Housing Production Program (the "program") is to increase the supply of housing that is affordable to very low, low‑ and moderate‑income households as defined in G.S. 122E-6(a).

(b)  The objectives of the program are:

(1)           To primarily serve low‑income households;

(2)           To add units to the housing stock that will be affordable on a long‑term basis;

(3)           To encourage energy‑efficient housing design and construction that will lower operating costs for both homeowners and tenants;

(4)           To assist projects that would otherwise not be financially feasible as lower‑income housing;

(5)           To assist communities that have not participated in previous Program funding cycles;

(6)           To distribute Program funds to all areas of the state based on very low-, low- and moderate income housing needs as defined in Rule .0204(a) of this Subchapter; and

(7)           To assist projects serving populations with special housing needs including the elderly, persons with disabilities, the homeless, single parent households and large households (i.e., those with five or more people).

History Note:        Authority G.S. 122A‑5; 122A‑5.1; 122E‑4; 122E‑5; 122E‑8;

Eff. February 1, 1993;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. September 23, 2017.