North Carolina H1072 establishes a loan program for affordable housing infrastructure development.

North Carolina H1072 creates the Affordable Housing Infrastructure Development Loan Program, administered by the North Carolina Housing Finance Agency. The program provides below-market interest rate loans to eligible borrowers for developing and improving sites for affordable housing. At least 40% of the housing units must be reserved for low and moderate-income persons. The program includes appropriations of $50 million for the 2026-2027 fiscal year. Loans cannot be used for vertical construction or rehabilitation of existing housing units.

North Carolina H1072 establishes a loan program for affordable housing infrastructure development.

North Carolina H1072 creates the Affordable Housing Infrastructure Development Loan Program, administered by the North Carolina Housing Finance Agency. The program provides below-market interest rate loans to eligible borrowers for developing and improving sites for affordable housing. At least 40% of the housing units must be reserved for low and moderate-income persons. The program includes appropriations of $50 million for the 2026-2027 fiscal year. Loans cannot be used for vertical construction or rehabilitation of existing housing units.