- Lawmakers in the North Carolina General Assembly (NCGA) released a draft budget for the FY 23-25 biennium on the evening of Monday, September 18, 2023. After several extensions and weeks of conferencing and negotiation, a conference report was published on Wednesday September 20, and voting is set to take place on Thursday September 21, and Friday September 22, 2023. Below is an overview of a few key housing budget items. These figures could change and staff will update them accordingly.
Last updated 9/21/2023 at 3:15pm
| FY 2023-2024 | FY 2024 – 2025 | |
| Housing Trust Fund
Supportive Housing Development Program Housing for Homeless Veterans Housing for Victims of DV, SA, and Human Trafficking |
$10.66 M (R)
$5 M (NR) $5 M (NR) |
$10.66 M (R)
$5 M (NR) $5 M (NR) |
|
Workforce Housing Loan Program (WHLP) |
$35 M (NR) |
$35 M (NR) |
| TCLI – Transitions to Community Living Initiative | $15.6 M | $15.6 M |
| LIEAP – Low Income Energy Assistance Program (overall) | $67.8 M | $67.8 M |
Last updated 9/21/2023 at 3:15pm
The budget includes several allocations to organizations providing housing or transitional housing services to individuals with disabilities, individuals experiencing homelessness, and various Habitat affiliates. It also includes a policy fix, it increases the project caps for the Workforce Housing Loan Program (WHLP). Developments in a low-income county as designated by NCHFA will have a project loan cap of $3 million (previously $2 million), a project loan cap of $2 million in moderate-income counties (previously $1.5 million), and $500,000 in a high-income county (previously $250,000).
Staff continues to monitor the situation and will continue to update these charts accordingly.
If you have any questions, concerns, or corrections, feel free to email Stephanie Watkins-Cruz at swatkinscruz@nchousing.org.
