Grant to Assist Developers in North Carolina in North Carolina (USA)
GrantID: 57396
Grant Funding Amount Low: $20,000
Deadline: Ongoing
Grant Amount High: $100,000
Summary
A local community funding program is open to support developers working on affordable housing and neighborhood‑focused projects in Chapel Hill and surrounding planning areas. This ongoing initiative offers flexible financing that can be used for construction, property acquisition, renovation, planning, and rental or homeowner assistance. Eligible applicants include nonprofit and for‑profit developers who are ready to break ground within the next few years and are prepared to leverage additional funding sources. Priority is given to projects that target lower‑income households—particularly those earning under half of the regional median income—while also enhancing public transit access and preserving affordability in underserved neighborhoods.
Funding amounts are substantial available through a combined allocation of local and federal resources. Grantees may receive a portion or all of those funds to support various parts of their projects, whether for initial planning, construction, or community-oriented services. The application window for the current round has closed, but the funding remains active and awards are being allocated for qualifying projects in this funding cycle. Future opportunities are expected to follow a similar annual schedule, with funding allocated each spring.
This program is specifically designed to help address housing needs in Chapel Hill by offering targeted support to those ready and able to develop affordable units quickly and sustainably. Whether you are planning a new development, renovating existing properties, or providing rental or homeowner assistance, this funding can help bring those goals to fruition. With a focus on equitable access and transit-friendly designs, the initiative ensures that resources are strategically directed where they can make the most impact.
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If you are located in North Carolina and working in the area of Small Business, this funding opportunity may be a good fit. For more relevant grant options that support your work and priorities, visit The Grant Portal and use the Search Grant tool to find opportunities.
Eligible Regions
Interests
Eligible Requirements
