Multi-Family Housing Program

Program Overview

The Multi-Family Housing Program seeks to reconstruct, rehabilitate, or construct rental housing in a way that is responsive to the needs of Helene-impacted communities. The program will fund reconstruction/rehabilitation activities and new construction and will entertain applications from two categories of projects: small projects having seven or few units and large projects having eight or more units.

Projects may be either single structures or may involve multiple structures in proximity to one another. Pursuant to public comments received on the draft Action Plan, both small and large projects may include mixed-use components, with requirements to be identified in the notice of funding availability and program policies and procedures.

Program Title	Multi-Family Housing
Total Budget/CDBG-DR Allocation	$191,340,000 ($172,712,300 CDBG-DR plus $18,627,700 for mitigation)
Lead Agency and Distribution Process	NCDOC will implement the program and undertake necessary environmental reviews per 24 CFR 58. Underwriting support will be provided by contractors. Small project component – open window Large project component – competitive application process
Program Description	Program will restore housing and promote development of new multifamily housing in the Combined MID area and will focus benefit on LMI groups by imposing affordability requirements on new construction. Funding will be via competitive process. Funding will be split between small projects (7 or fewer units) and large projects (8 or more units). Both small and large projects may have mixed-use components.
Eligible Geographic Area	Projects must be in Combined MID area.
Other Eligibility Criteria	Eligible applicants will include private developers, local governments, public or non-profit organizations, and CHDOs/CBDOs.
Maximum Amount of Assistance per Beneficiary	Suballocation is approximately 30% for small projects ($57.4 million) and 70% ($133.94 million) for large projects. Small projects – Grants of a minimum of $250,000 to a maximum of $1,500,000 Large projects – Grants of a minimum of $500,000 to a maximum of $15 million to eligible applicants
Maximum Income of Beneficiary	80% of AMI for occupants for units to qualify as providing LMI benefit
Mitigation Measures	Project proposals should include mitigation measures and include distinct cost breakout in funding request. 10% of the CDBG-DR Mitigation set aside will be reserved for use with activities and projects funded under this program.
Reducing Barriers for Assistance	NCDOC will establish requirements for the number of accessible units and deeply affordable units based on project size.
Eligible Activities Referenced to Title I of Housing and Community Development Act of 1974 (42 USC 5305(a)) or HUD Revised Universal Notice	§5305(a)(1) – Acquisition §5305(a)(3) – Code Enforcement §5305(a)(4) – Clearance, Rehabilitation, Reconstruction and Construction of Buildings, including housing §5305(a)(5) – Removal of Architectural Barriers §5305(a)(7) – Disposition §5305(a)(8) – Public Services §5305(a)(11) – Relocation Payments §5305(a)(13) – Administrative Costs §5305(a)(14) – Assistance to Non-Profit Entities §5305(a)(15) – Assistance to Neighborhood-Based Organizations §5305(a)(20) – Housing Services §5305(a)(24) – Direct Assistance for Homeownership Activities §5305(a)(25) – Tornado Shelters §5305(a)(26) – Lead-Based Paint Hazard Evaluation and Reduction FR Notice – New Housing Construction - Section III.D.5.a. FR Notice – Mitigation
National Objective(s) - Referenced To 24 CFR 570, Subpart I and/or HUD Revised Universal Notice	LMI Benefit through Housing – 24 CFR 570.483(b)(3) UN – 24 CFR 570.483(d)