North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 24. INDEPENDENT AGENCIES |
CHAPTER 01. NC HOUSING FINANCE AGENCY |
SUBCHAPTER M. NORTH CAROLINA HOUSING TRUST FUND |
24 NCAC 01M .0401. GOALS AND OBJECTIVES
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(a) The goal of the Rehabilitation Incentive Program (the "program") is to encourage the rehabilitation of housing occupied by very low‑, low‑ and moderate‑income households as defined in G.S. 122E-6(a) by providing funding for the energy‑related costs associated with comprehensive housing rehabilitation projects.
(b) The objectives of the program are:
(1) To primarily serve very low‑ and low‑income households;
(2) To involve communities that have not participated in previous program funding cycles;
(3) To distribute funds to all areas of the state based on the housing needs of very low-, low- and moderate-income households as defined in Rule .0204(a) of this Subchapter;
(4) To encourage comprehensive rehabilitation of housing currently failing to meet minimum housing code standards; and
(5) To provide assistance to both renters and homeowners.
History Note: Authority G.S. 122A‑5; 122A‑5.1; 122E‑4; 122E‑5; 122E‑8;
Eff. February 1, 1993.