Haywood County Civicplus #072126

Haywood County Revolving Loan Fund for Affordable Housing Development

Haywood County, North Carolina is offering a Revolving Loan Fund (RLF) program to support affordable and workforce housing development: - Government buyer: Haywood County, North Carolina - No specific OEMs or commercial vendors are named, as this is a financial assistance program - The RLF provides short-term, low-interest loans ranging from $100,000 to $500,000 - Eligible applicants include: - Affordable housing developers - Community development financial institutions (CDFIs) - Nonprofit housing providers - Faith-based organizations - Mission-aligned for-profit entities - Funds may be used for: - Site acquisition - Infrastructure development - Construction hard costs - Bridge or gap loans - Rehabilitation and preservation (single and multi-family) - Conversion of non-residential buildings - Project types supported include: - USDA 502 housing - Single-room occupancy - Mixed-use developments - Assisted living - Transitional housing - Low-Income Housing Tax Credit (LIHTC) projects - Notable requirements: - Demonstration of organizational capacity and readiness - Financial feasibility and alignment with RLF objectives - Detailed financial documentation - Compliance with fair housing laws - Specific underwriting and collateral requirements - No product or service part numbers or quantities are specified, as this is a capital loan program

Description

Haywood County is seeking qualified applicants to support the creation, preservation, and rehabilitation of affordable housing units within Haywood County. The project involves a request for proposals for the FY27 Revolving Loan Fund, which provides low-interest loans to fill financing gaps in affordable and workforce housing projects. The fund aims to increase the supply of affordable housing, preserve existing affordable housing, and provide sustainable development funding. The deadline for submission is September 14, 2026, at 3:00 PM.

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