Workforce Housing Loan Program

Administered by NC Housing Finance Agency · North Carolina

BENEFIT

Negotiated / contact agency

Deadline type: annual

Eligibility Requirements

130-year deferred payment loan at 0% interest
2Administered in combination with federal Housing Credits
3Encourages deeper income targeting
4No separate application - considered with Housing Credit application

Eligible Project Types

MultifamilyAffordable Housing

STACKING POTENTIAL

Workforce Housing Loan Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Workforce Housing Loan Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: NC Housing Finance Agency official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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