The state has reopened a program launched in 2022 to provide funding for eligible first-time and first-generation homebuyers in federally designated storm-impacted counties.
The North Carolina Office of Recovery and Resiliency’s Community Development Office set aside $4.4 million to administer through its homeownership assistance program. The long-term mitigation funding is from the U.S. Department of Housing and Urban Development, or HUD.
Sponsor Spotlight
The program was put on pause last year to make sure that the available federal funding would cover applications already in process
There is $2.2 million remaining for eligible homebuyers in Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Edgecombe, Jones, New Hanover, Onslow, Pamlico, Pender, Robeson, Scotland and Wayne counties, officials announced Monday.
HUD designated these 16 counties as “most impacted and distressed” by hurricanes Matthew in 2016 and Florence in 2018.
Selected applicants can receive up to $30,000 in down payment assistance and up to 5% of the home sale price toward closing costs to qualifying homebuyers. They must complete the education and counseling offered at no cost through the program before closing on a home.
Visit the homeownership assistance webpage to read the program requirements and learn how to apply.
Sponsor Spotlight
