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Commissioner Worley - Building & Development Services - Housing Rehab - To Accept and Appropriate Essential Single Family Rehabilitation (ESFR) Grant Awarded by NC Housing Finance Agency ($162,000)
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STAFF CONTACT
Lauren Lewis - Building Development Services - 704-866-3114
BUDGET IMPACT
budget
Appropriate Federal Grant Revenue and Housing Rehab Expense to the General Fund. No additional County Funds.
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Gaston County has been awarded $162,000 by the North Carolina Housing Finance Agency (NCHFA) under the 2024 cycle of the Essential Single Family Rehabilitation Loan Pool. The mission of NCHFA is to create affordable housing opportunities for North Carolinians whose needs are not being met by the market. As part of its mission, NCHFA administers the Essential Single Family Housing Rehabilitation Program, whose funds are intended to improve living conditions for low-income elderly and disabled individuals. Essential Single Family Housing Rehabilitation Grants are made available through a competitive application process on a rotating three-year schedule.
POLICY IMPACT
ATTACHMENTS
Budget Change Request (BCR) & 2024 ESFR Funding Agreement