SECTION .0400 - REHABILITATION INCENTIVE PROGRAM

24 NCAC 01M .0401        GOALS AND OBJECTIVES

(a)  The goal of the Rehabilitation Incentive Program (the "program") is to encourage the rehabilitation of housing occupied by very low‑, low‑ and moderate‑income households as defined in G.S. 122E-6(a) by providing funding for the energy‑related costs associated with comprehensive housing rehabilitation projects.

(b)  The objectives of the program are:

(1)           To primarily serve very low‑ and low‑income households;

(2)           To involve communities that have not participated in previous program funding cycles;

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

(4)           To encourage comprehensive rehabilitation of housing currently failing to meet minimum housing code standards; and

(5)           To provide assistance to both renters and homeowners.

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.