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07/20/2026 4:06 pm

Community Development Funding Opportunities

View funding announcements from Housing and Community Development

Updated: Jul 20, 2026

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Request for Qualifications (RFQ) - Hillsborough-Western Redevelopment Notice of Funding Availability (NOFA) - Rental Development Program 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 Community Development 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. 
 

Request for Qualifications (RFQ) - Hillsborough-Western Redevelopment

The City of Raleigh's Housing and Community Development Department is currently soliciting development partners through a Request for Qualifications (RFQ) for the Redevelopment of the Hillsborough-Western site at 5507 and 5511 Hillsborough Street, and 0 and 5508 Western Boulevard on the future Western Bus Rapid Transit (BRT) route.   
 

The City will utilize a two-step solicitation process for this opportunity: 

  • Step 1: The City will issue an RFQ solicitation and will vet and create a short list of prequalified developers; followed by, 
  • Step 2: The prequalified developers selected in the previous step will be invited to respond to a Request for Proposal (RFP) for the Hillsborough-Western Site. 


This project will consist of developing all-affordable or mixed-income rental housing.  
 

An optional Pre-Proposal Conference was held on June 25, 2026. Slides from this presentation are available in Addendum No. 1 linked below. 
 

Please see website link below to view the RFQ package and see further details regarding this opportunity. 
 

How to Apply

Proposals will be received until Aug. 7, 2026, at 5 p.m. (EST) via email at redevelopment@raleighnc.gov.
 

Questions? 

Lauren North, Redevelopment Projects Administrator, redevelopment@raleighnc.gov  

Notice of Funding Availability (NOFA) - Rental Development Program

The City of Raleigh’s Housing and Community Development 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 local affordable housing funds and federal HOME funds. Please see the Notice of Funding Availability document below for further detail.

Approximately $4 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. for application deadlines, schedules, and information about eligible projects.

On June 22, 2026 the City of Raleigh issued Addendum No.1 to the above referenced NOFA.

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.

Application deadline for this NOFA is Aug. 14, 2026, at 5 p.m. EST.

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

The City of Raleigh's Housing and Neighborhoods Department announces the availability of the following: 

  1. Approximately $3,600,000 for gap financing from Affordable Housing Bond (Bond) proceeds to support the creation and preservation of affordable rental units; and
  2. City-owned building sites via long-term land leases (preferred option) or fee-simple sale (alternative option) to support the creation of affordable rental projects.

View the NOFA and Attachments:

On July 3, 2025, the City of Raleigh issued Addendum No. 1 to the above referenced 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 August 1, 2025, at 5 p.m. EST.

links

 

Community and Small Business Development Annual Funding Opportunity Schedule

Contact

 

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

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