Capital Pool for Affordable Housing Development

Create new or expand existing, pools of capital and make them available on a competitive basis to bridge the funding gap for
affordable housing projects

PRODUCE MORE HOUSING ACROSS THE AFFORDABILITY SPECTRUM

Capital Pool for Affordable Housing Development

Use government-backed debt, low-interest funding, and other sources to establish or expand pools of capital and make them available through competitive application, to fill the shortage of funding for new Low Income Housing Tax Credit projects, and counteract the rapidly increasing cost of housing development in NC. Alternatively, attract outside funds to NC to fill the shortage of funding.

This promising strategy requires investment in:

• New dedicated regional pools
• Operating costs to support administration of new funding pools

Evaluation of Promising Strategy in Initial Target Regions

Learn more about the Investment Map’s selection of Initial Target Regions.