The N.C. Office of Recovery and Resiliency (NCORR) has signed a memorandum of agreement with the state Housing Finance Agency that will provide $16.6 million for affordable housing developments in two areas recovering from Hurricane Matthew. The funds will be used to build housing in Fayetteville and Goldsboro for low-and-moderate income families impacted by the storm.
The McArthur Park II project in Fayetteville will include 80 affordable units for families, while the Wayne Adair Gardens project in Goldsboro will include 48 affordable units to house elderly members of the community.
“Many areas in eastern North Carolina had an affordable housing shortage that grew even worse when hundreds of homes were damaged or destroyed by storms and flooding,” said Governor Roy Cooper. “As part of the state’s recovery and resiliency plan, we will continue to address this housing shortage so that North Carolinians can continue to rebuild their lives in affordable, safe homes.”
Established by Governor Cooper in late 2018, NCORR manages the state’s U.S. Housing and Urban Development Department Community Development Block Grant – Disaster Recovery (CDBG-DR) funding for home repairs, reimbursement for work completed and other housing-related issues due to damage from Hurricane Matthew.
“Through this agreement NCORR is able to leverage the Housing Finance Agency’s strong track record of affordable housing development,” said Chief Operating Officer Laura Hogshead. “The CDBG-DR funds will be used to support development of new affordable housing to help vulnerable populations move out of flood-prone areas to safer, more resilient communities.”
North Carolina is still awaiting notification from HUD on the availability of CDBG-DR funding for homes impacted by Hurricane Florence, as well as federal guidelines that will allow the state to use funds allocated for Hurricane Matthew mitigation projects. To date, the state has spent more than $935 million to help impacted communities recover from Hurricane Matthew. Recovery spending for Hurricane Florence has topped $1.7 billion.