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07/15/2025 2:27 pm

Community Development Funding Opportunities

View funding announcements from Housing and Neighborhoods

Updated: Jul 15, 2025

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

CLOSED: Notice of Funding Availability (NOFA) - 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. 

 

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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