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12/19/2024 12:43 pm

Community Development Funding Opportunities

View funding announcements from Housing and Neighborhoods

Updated: Dec 19, 2024

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Notice of Funding Availability (NOFA) - 2025 Affordable Rental Development Program RFP (Request for Proposals) - 15 Summit Avenue CLOSED: Notice of Funding Availability (NOFA) - Affordable Rental Housing Rehabilitation CLOSED: Notice of Funding Availability (NOFA) - Affordable Small-Scale Rental Development Program

The announcements below represent various funding opportunities available with City of Raleigh Housing and Neighborhoods Department. All Request for Quotes (RFQ), Request for Proposals (RFP), and Notice of Funding Availability (NOFA)s are sent out via email notice as well. If you would like to receive notifications, visit MyRaleigh Subscriptions to sign up to receive announcements from Community Development News.

Several funding opportunities open on an annual basis. To learn about these timelines, view the annual schedule of recurring funding opportunities. 
 

Notice of Funding Availability (NOFA) - 2025 Affordable Rental Development Program

The City of Raleigh’s Housing & Neighborhoods Department announces the availability of funds under the City’s Rental Development Program for qualified developers to submit proposals for the new construction, acquisition, and/or rehabilitation of affordable multifamily rental units. Funds are available from local funding sources such as the 2020 Affordable Housing Bond as well as federal HOME funds. Please see the Notice of Funding Availability document below for further detail.

Approximately $15 million in affordable rental development gap financing is available. Rental units assisted with these funds must be affordable to households with incomes at or below 80 percent of the Area Median Income (AMI). Please view the NOFA for application deadlines, schedules, and information about eligible projects. 

Please note: Applications will only be accepted through the City's online application portal, Neighborly Software. To get started, visit the online portal and register for a new account. Hard-copy or emailed applications will not be accepted. 

RFP (Request for Proposals) - 15 Summit Avenue

The City of Raleigh is soliciting proposals for the development of sustainably built rental housing, including affordable units, on a 0.67-acre City-owned lot. This property will be made available through a long-term ground lease, or fee-simple sale.  


To be considered, proposals must set aside at least 20% of the total units within the development as affordable rental units to low-income households earning no more than 60% of the Area Median Income (AMI).  

View Checklist Items:


The City is hosting a non-mandatory virtual (Microsoft Teams) Pre-Proposal Conference on January 6, 2025, at 2:00 PM for prospective proposers, see RFP for complete details and schedule of events related to this competitive solicitation.  


How to Apply

Submit your RFP no later than Friday, February 14, 2025, by 5:00 PM (EST) via email to Angelina.Blackmon@raleighnc.gov with the subject line "15 Summit Ave RFP Proposal Submission – 'Your Organization Name'" 

CLOSED: Notice of Funding Availability (NOFA) - Affordable Rental Housing Rehabilitation

The City of Raleigh’s Housing & Neighborhoods Department announces the availability of approximately $500,000 to finance repairs and rehabilitation to support the preservation of affordable rental units. This funding is intended for smaller-scale rental properties (e.g. properties with one to four units, small multifamily residential properties). 

Additional details can be found in the NOFA: 

How to Apply

Applications must be received via email to Annie Baumann-Mitchell, Housing Programs Manager, at Rental.Development@raleighnc.gov. Only written questions submitted via email to the address above will be accepted. Hard-copy applications will not be accepted. Application deadline for this NOFA is December 6, 2024, at 4:00PM EST.

CLOSED: Notice of Funding Availability (NOFA) - Affordable Small-Scale Rental Development Program

The City of Raleigh’s Housing & Neighborhoods Department announces the availability of the following:

1. $2,000,000 for gap financing from Affordable Housing Bond (Bond) proceeds to support the creation and preservation of affordable rental units; and

2. $150,000 for an optional solar incentive that provides funding for projects that meet certain solar criteria; and

3. City-owned building sites via long-term land leases to support the creation of affordable rental projects.

View the NOFA: 

How to Apply

Applications will only be accepted through the City's online application portal, Neighborly Software. To get started, visit the online portal and register for a new account. Hard-copy or emailed applications will not be accepted. 

Application deadline for this NOFA is April 5, 2024 at 5:00PM EST.

links

 

Community and Small Business Development Annual Funding Opportunity Schedule

Contact

 

City of Raleigh
Housing and Neighborhoods Department
421 Fayetteville Street, 
Suite 1200, 12th Floor
Raleigh, NC 27601
919-996-4330

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