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Affordable Housing Loan Funds

We offer a variety of loan funds designed to increase access to affordable housing in North Carolina and Florida. These programs support the development and preservation of affordable rental housing options for low- and moderate-income residents.

Our funds help to:

Create new affordable housing

Support the construction of new rental units for families and individuals with limited incomes.

Preserve existing affordable housing

Prevent the loss of existing affordable housing stock through acquisition, rehabilitation, and refinancing.

Support acquisitions for future affordable housing

Allow developers to acquire properties and hold them while making a development plan for building/preserving affordable units.

Specific funding programs

Wake County Affordable Housing Preservation Fund

Eligible borrowers
  • Nonprofit developers
  • For-profit developers
Learn more

Durham Affordable Housing Loan Fund

Eligible borrowers
  • Nonprofits and housing authorities; or for-profit entities in partnership with a nonprofit or housing authority
  • Recent, relevant affordable housing development experience
  • Have a business plan to create or preserve affordability
Learn more

Greensboro Housing Fund

Eligible borrowers
  • Nonprofit developers
  • For-profit developers
Learn more

Western North Carolina Affordable Housing Loan Fund

Eligible borrowers
  • Nonprofit developers
  • For-profit developers
Learn more

Chapel Hill Affordable Housing Loan Fund

Eligible borrowers
  • Nonprofit developers
  • For-profit developers
Learn more

Jacksonville Growth & Affordability Partnership Fund

Eligible projects
  • Existing properties or land to develop affordable housing
  • New construction or rehabilitation
  • Project scope must include creating or preserving affordable units for rent
Learn more