North Carolina Housing Finance Agency
North Carolina

The Supportive Housing American Rescue Plan (SHARP) Program utilizes HOME-American Rescue Plan (HOME-ARP) funds to assist people experiencing homelessness, those at risk of becoming homeless and other vulnerable populations. SHARP eligible development activities include the acquisition, rehabilitation, or new construction of rental housing or non-congregate shelters. Rental housing projects are also eligible to apply for a capitalized operating cost assistance reserve if they demonstrate a financial need, are not receiving project based rental assistance, and rents are affordable to households earning up to 50% AMI.

Funding Source
Special one-time federal funding
Funding Year
2022
Program Status
Active
Total Funding
$58,960,000
Treasury State and Local Fiscal Recovery Funds (SLFRF) Funding
$58,960,000
Website
https://www.nchfa.com/rental-housing-partners/supportive-housing-developers/supportive-housing-american-rescue-plan
Contact
Bettie Teasley North Carolina Housing Finance Agency [email protected] 919-981-2679
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
50% AMI or less
Duration
Affordability period is 15 years
Info Source
Interview with program administrator
Last Updated
6/15/23 12:26
Other Eligibility Requirements

Persons experiencing or at risk of homelessness; Victims of domestic violence; Persons fleeing dating violence, sexual assault, stalking, or human trafficking

Coordinates Eligibility With

Does not coordinate with other systems

Priority Populations

Does not prioritize beyond eligibility requirements