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Commissioner Brown - Building & Development Services (Housing Rehabilitation) - To Accept and Appropriate State Grant Funds from the NC Housing Finance Agency for Home Repairs ($165,000)
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STAFF CONTACT
Marc Bolick - Building & Development Services (Housing Rehabilitation) - 704-866-3559
BUDGET IMPACT
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Appropriate State Grant Revenue and Urgent Repair Expense to the General Fund. No additional County Funds.
BACKGROUND
The NC Housing Finance Agency makes Urgent Repair Program funds available to qualified organizations during each competitive funding cycle to finance emergency home repairs and modifications for low-income homeowners with special needs. The funds are used to provide deferred, forgiven loans of up to $15,000 to qualified homeowners for emergency repairs.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR); Funding Agreement