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Housing Call: March 26, 2024

NCHC Updates

Registration for our Bringing It Home Conference is live! Click here. The conference will take place June 4-5 at the McKimmon Center in Raleigh. For the first time since 2019, we’ll be back in person to learn, network, and collaborate with industry experts from across North Carolina and beyond. Bringing It Home: Ending Homelessness in NC is a statewide conference dedicated to ensuring that homelessness in North Carolina is rare, brief, and one time only. The two-day conference will include more than a dozen presentations, panels, and workshops covering a broad range of topics related to homelessness. There will also be opportunities to network and share your own insights with fellow professionals and advocates.

Our Keynote Speaker is the amazing Marisol Bello (she/her) the Executive Director of the Housing Narrative Lab.

For the first time ever, we are accepting sponsorship for the Bringing It Home Conference! If you’re interested in sponsoring the conference or connecting us with someone you think would be, please contact Jessica Griffin at



Federal Updates

  • Congress avoided another federal government shutdown just hours before the deadline on March 22, 2024. The President released his FY2025 Budget last week which you can find here.
  • Updates on the Affordable Housing Credit Improvement Act 2023
    • Now has 218 co-sponsors in the House = a simple majority. And it is still evenly split between both parties. There are still a number of Democrats who are in the queue.
    • Efforts are still being made to meet with as many members as possible to garner support, and push additional provisions of the Housing Credit legislation across the finish line this year.
  • Updates on the Tax Package 2024
    • You’ll remember that a tax package passed on January 31 that included two key provisions from the AHCIA – reinstating the 12.5% expansion of the 9% credit retroactively for 2023 as well as 2024 and 2025, as well as lowering the 50% private activity bond threshold to 30%.
    • The number of vehicles to attach this legislation to is dwindling. Advocacy continues.

For templates on how to communicate with your members of Congress about both the AHCIA 2023 as well as the Tax and Jobs legislation click here.

  • A recent settlement with the National Association of Realtors is expected to help bring down home prices. Realtors’ commissions are expected to decrease as a result of the ruling, and as a result, home prices are expected to decrease. For a median priced home at $387K, this ruling could bring down brokerage fees of about $23K by as much as $6-12K.
  • For the first time in 15 years – the Federal Housing Administration increases its loan limits to expand financing for manufactured homes. On March 18, the Federal Housing Administration (FHA) announced new loan limits for its Title I Manufactured Home Loan Program. The increases were made using different methodologies explained here. The changes are meant to better align with current market prices and are expected to incentivize and encourage lenders to offer the program to homebuyers who are trying to purchase manufactured homes and the lots on which they sit. These loan limits will be recalculated on an annual basis so that they can try to keep pace with price changes over time.
  • HUD’s Office of Public and Indian Housing (PIH) launched a new “Source of Income Protections” website. This website explains what Source-of-Income (SOI) is, the impact of SOI discrimination, all the forms of SOI discrimination that happens, as well as a map of what states and localities have laws against SOI discrimination. Additional resources recently updated by the Poverty & Race Research Action Council on Source-of-Income Discrimination can be found here.



The North Carolina Office of Recovery and Resiliency (NCORR) is asking people to comment on proposed changes to funding for Hurricane Florence recovery and funding for resiliency against future storms. The proposed changes being considered include spending on the Homeowner Recovery Program, Affordable Housing Development Fund, Homeownership Assistance Program, Infrastructure Recovery Program, and other updates.

Public comments must be submitted by 5 p.m on April 15, 2024 to or sent by US Postal Services to NCORR Public COmments, P.O. BOx 110465, Durham, NC 27709.

Draft of the proposed changes can be found here and are available in both English and Spanish.

State Legislative Updates

Relevant NCGA Meetings

  • TODAY – March 26, 2024 – Joint Legislative Oversight Committee on General Government at 1:00pm
  • April 2, 2024 – Joint Legislative Oversight Committee on Medicaid at 1:00pm
  • April 2, 2024 – Joint Legislative Oversight Committee on Health & Human Services

The NC House and Senate are convening on Wednesday April 10, 2024 – remember short session does not formally begin until April 24, 2024.

Stay tuned for advocacy opportunities in early May 2024!


Local Community




Reports & Resources

  • The GAP | National Low Income Housing Coalition
    • Check out our summary of NC and national finding from the report here

In the News


Recommended read

Housing Call: March 12, 2024

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