NC House bill would create loan fund to help develop affordable housing

By: Greg Childress

Outlets: North Carolina Newsline

Published: April 29, 2026

Words: 678

Last Updated: 2 months, 1 week ago

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A North Carolina state House bill with bipartisan support would provide a one-time appropriation of $50 million to establish a revolving, below-market-interest loan program to help developers improve sites for affordable housing.

Low-income renters in North Carolina far outnumber affordable housing units

Under House Bill 1072, loan recipients could use the money for land acquisition, predevelopment costs and infrastructure costs for affordable housing. Those costs, supporters said, can sometimes stop affordable …

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