NEW HANOVER COUNTY, NC – New Hanover County is now accepting proposals from for-profit and non-profit developers and agencies to provide financial assistance for projects that improve the stock of workforce housing in the community. The Request for Proposals can be viewed here and must be submitted by August 4.
For Fiscal Year 2023-24, $3 million has been allocated to fund approved proposals. This is the second installment of a five-year, not-less-than $15 million commitment by the New Hanover County Board of Commissioners to increase the supply of workforce housing in the county.
“In the first year of the program we were able to fund two projects at $1.5 million each. Combined, those projects will create 152 new units to help meet our community’s need,” said Housing Program Manager Theo McClammy. “We know affordability remains a big issue when it comes to housing in our community, and we are grateful for this continued commitment by our Board of Commissioners to fund these projects and support our residents.”
Proposals will be judged on eligibility criteria and priorities for the Workforce Housing Services Program. The framework was developed based on the findings from the Joint County/City Comprehensive Housing Study and has been designed to address the community’s housing needs by increasing the supply of residential units, retaining existing affordable housing stock, and increasing residents’ access to those homes.
The RFP will be open through 5 p.m. on August 4, and funding recommendations are expected to be presented to the Board of Commissioners for approval in the fall.
Information on eligibility requirements, the program’s framework, and complete instructions for submitting a proposal can be found at Finance.NHCgov.com.