Eligibility Requirements
Eligible Applicants include Nonprofit Organizations/Developers and Units of Local Government in North Carolina.
Applicants must be able to provide the most recent certified financial audit that is less than 12 months old. Applicant organizations must have a minimum of three years’ experience providing supportive housing or providing supportive housing services for the population in the intended project. Unless the applicant has developed SHD funded affordable multi-family housing in the previous seven years as determined by the Agency, the applicant must engage an Agency trained and approved Housing Development Consultant (HDC). See the SHDP-Veterans Program Guidelines for the full list of eligibility requirements.
Proposed projects may receive interest-free permanent mortgage loans of up to $2,000,000 or 85% of project cost, whichever is less.
Program Guidelines
To learn more about the program requirements, please review the SHDP-Veterans Program Guidelines.
Appendix A
Project Description and Site Visit Request Form
Appendix B
Site Criteria
Appendix C
Property Inspection
Appendix D
Design Standards
Appendix E
Building Material Quality Standards
Appendix F
Energy Efficiency Standards
Appendix G
SystemVision Residential Supportive Housing Standards
Appendix H
Sample Detailed Work Write-Up
Appendix I
Required Documentation for Final Commitment Letter and Loan Closing
Appendix J
Sample Project-Based Rental Assistance Letter
How Do I Apply for Funding?
After reviewing the Program guidelines, the potential applicant must submit the SHDP-Veterans Project Description and Site Visit Request Form to request a meeting and site visit. If the proposed project includes rehabilitation, potential applicants must also submit the Property Inspection Form.
All proposed sites and projects must be approved by the Agency before a full application can be submitted. There are two parts to the full application:
- SHDP-Veterans Application Part 1: A narrative, project description, and up to 26 exhibits, plus preliminary site plans.
- SHDP-Veterans Application Part 2: A development budget, sources of funds, income/expenses and pro forma.
When Does Each Funding Cycle Begin?
We offer financing through the Supportive Housing Development Program on a competitive basis. A Notice of Funding Availability is emailed to interested parties when the funding cycle has begun.
For more information on how to apply for Supportive Housing Development financing, please contact a Supportive Housing Development team member at @email.