City of Raleigh
Raleigh, North Carolina

The Joint Venture Rental Development Program has operated since 1988. The program provides gap financing to affordable rental development projects, mostly Low-Income Housing Tax Credit projects, located in the City of Raleigh.

Funding Source
Dedicated funding stream; Special one-time non-federal funding; Special one-time federal funding
Funding Year
FY 2023-2024
Local Funding
$23,500,000
Program Status
Active
Total Funding
$25,700,000
Website
https://raleighnc.gov/grants-funding-and-relief/services/community-development-…
Contact
Maria Dewees City of Raleigh [email protected] 919-996-6948
How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Other Federal Funding
$2200000
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 30 years
Info Source
Program administrator survey response
Last Updated
8/9/23 12:41
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements