Multi-Family Housing Programs

Small Rental Rehabilitation Program Now Open

The Renew NC Small Rental Rehabilitation Program helps eligible rental property owners (landlords) repair, reconstruct, or replace small rental properties (1-4 units) damaged by Hurricane Helene. Learn more about the qualifications and how to apply.

Programs Overview

The Division of Community Revitalization (DCR) has created several housing programs to invest in affordable, multi-family rental housing in the HUD- and State-Identified Most Impacted and Distressed (MID) areas. The State’s HUD-approved Action Plan, as amended, outlines two components of DCR’s multi-family housing programs:

The Small Project Component, which is meant to address properties with one to four rental units, and,
The Large Project Component, which is meant to address properties with five or more rental units.

Small Project Component

Small Rental Rehabilitation Program

The Small Project Component is the Renew NC Small Rental Rehabilitation Program. This program is funded with $57.4 million in CDBG-DR grant funds and helps eligible rental property owners (landlords) repair, reconstruct, or replace rental properties with four or fewer units that were damaged by Hurricane Helene. Properties assisted by this will have a 10-year affordability period.

Small Rental Rehabilitation Program

Learn more about the Renew NC Small Rental Rehabilitation Program, qualifications, and how to apply.

Large Project Component

Multi-Family Construction and Repair Program

The Large Project Component is the Renew NC Multi-Family Construction and Repair Program. This program is intended to serve multi-family rental properties with five or more rental units, to include the rehabilitation or development and construction of new rental housing stock. This program will be implemented using multiple tracks, to be announced in the coming months. Please sign up for DCR's Multi-Family Housing Program email list for the latest information and updates.

Multi-Family Housing Program Email List

Sign up for DCR's Multi-Family Housing Program email list to receive the latest news and updates

Non-LIHTC Track

At least one of those tracks is anticipated to address potential projects that do not qualify for or receive Low-Income Housing Tax Credits (LIHTC) under the North Carolina Housing Finance Agency’s (NCHFA) Qualified Allocation Plan. This track is called the Non-LIHTC track. Eligible applicants for the Non-LIHTC track include for-profit and non-profit developers, public housing authorities, local governments, and joint ventures between these entities.

DCR anticipates publishing a Notice of Funding Opportunity (NOFO) for the Non-LIHTC track late spring/early summer 2026. Please sign up for DCR's Multi-Family Housing Program email list to be notified when the NOFO is released.

LIHTC Track

DCR also hopes to partner with the North Carolina Housing Finance Agency (NCHFA) to allocate CDBG-DR funding to projects that are awarded LIHTC. More information will be available soon.

Additional Program Information

Program Information	Multi-Family Housing Program Details
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 (4 or fewer units) and large projects (5 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)