title
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)
body
STAFF CONTACT
Marc Bolick - Building & Development Services (Housing Rehabilitation) - 704-866-3559
BUDGET IMPACT
budget
General Fund: Increase State Grant Revenue and Urgent Repair Expense by $165,000. Internal transfer of $2,000 for County match.
body
BACKGROUND
The NC Housing Finance Agency (NCHFA) 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. As part of the application process, providing a local match increased the competitiveness of the application. Therefore, Gaston County committed $2,000 in County matching funds to strengthen the application and improve the likelihood of receiving funding. The performance period for the 2027 Urgent Repair Program grant is from July 1st, 2026 until December 31st, 2027.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR); Funding Agreement