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Community Investment Corporation of the Carolinas (CICCAR)

In December 1990, in an effort to address the shortage of affordable housing in North Carolina, the North Carolina Bankers Association formed Community Investment Corporation of North Carolina (CICNC). In June 2007, CICNC became Community Investment Corporation of the Carolinas (CICCAR).  CICCAR is an affordable housing loan consortium whose mission is to provide long-term, permanent financing for the development of low- to moderate-income multifamily, special needs and elderly housing in North and South Carolina.  CICCAR has committed and/or funded financing totaling approximately $158 million for 196 affordable housing developments, producing over 9,250 units of affordable housing.  Click here to visit CICCAR's website.

 

North Carolina Housing Coalition

The Housing Coalition is a private, nonprofit membership organization working for decent, safe, and affordable housing that promotes self-determination and stable communities for low- and moderate-income North Carolinians. Our mission is to lead a campaign for housing to ensure that working families, people in crisis, seniors, and persons with disabilities may live with dignity and opportunity. This mission is supported through three primary roles: we serve as a resource and referral network for individuals looking for housing assistance and to organizations looking for information; we serve as a clearinghouse for best practices, research and data on housing issues in North Carolina; and we lead a campaign to empower people through their advocacy to improve housing policy-making by increasing resources, program effectiveness and consumer protections.

 

North Carolina Housing Finance Agency

The North Carolina Housing Finance Agency’s mission is to create affordable housing opportunities for North Carolinians whose needs are not met by the market. A self-supporting public agency, the Agency provides financing through the sale of tax-exempt bonds and management of federal and state tax credit programs, the federal HOME Program, the state Housing Trust Fund, and other programs. The Agency offers low-cost mortgages for first-time buyers, finances the development of affordable apartments and homes, as well as special-needs housing, and finances rehab and emergency repairs of owner-occupied homes. Since its creation in 1973 by the General Assembly, the Agency has financed 184,000 affordable homes and apartments, totaling more than $10 billion.  Click here to visit NCHFA's website.

 

 

 

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