North Carolina H1137 appropriates $4 million to the Lake Norman CDC for Smithville revitalization and affordable housing.

North Carolina H1137 allocates $4 million from the General Fund to the Lake Norman Community Development Corporation for the 2026-2027 fiscal year. The funds are designated for two purposes: $2 million for the Smithville Revitalization Plan, including property acquisition and affordable housing development, and $2 million for other affordable housing projects. Up to 15% of the funds may be used for administrative costs. The act becomes effective July 1, 2026.

North Carolina H1137 appropriates $4 million to the Lake Norman CDC for Smithville revitalization and affordable housing.

North Carolina H1137 allocates $4 million from the General Fund to the Lake Norman Community Development Corporation for the 2026-2027 fiscal year. The funds are designated for two purposes: $2 million for the Smithville Revitalization Plan, including property acquisition and affordable housing development, and $2 million for other affordable housing projects. Up to 15% of the funds may be used for administrative costs. The act becomes effective July 1, 2026.