Affordable Housing Loan Committee 10.14.26

The City of Greenville Affordable Housing Loan Committee meeting on October 14, 2026, lacked a quorum, so no votes could be taken. A proposed $33,000 down-payment assistance item for Barbara Bulock to purchase 1806 Quail Ridge Road, Unit D, was not acted on. The committee instead received an informational presentation on the 50 and 10 affordable housing initiative and the city’s home-buying assistance programs; no procurement award or bid approval was identified.

Presenters described eight energy-efficient single-family homes being developed with Pitt Community College, along with rehabilitation work and construction by three local contractors. Two completed homes were reported as priced at $28,000. The city’s programs include up to 20% of the purchase price, capped at $40,000 and forgivable over 15 years, for eligible buyers at or below 80% of area median income; 10% zero-interest loans for eligible buyers at 80.1%–120% of area median income; and up to 5%, capped at $10,000, for homes in the West Greenville/University area. The presentation also described potential assistance from the North Carolina Housing Finance Agency—up to 25% of the purchase price, capped at $50,000, plus up to $15,000 for closing costs—and the possibility of combining funding sources. These were program overviews, not new spending approvals.