Passed One ChamberFiled Apr 28, 2026
Sponsor: John Bell (R)
Latest Action
Passed 1st Reading
Apr 29, 2026
Summary
The bill establishes a revolving loan fund, managed by the North Carolina Housing Finance Agency, that offers below‑market interest loans to qualified nonprofit developers. The loans can be used for land purchase, pre‑development work, and infrastructure, but not for building the housing units themselves. It directs $50 million of state money to start the program in fiscal year 2026‑27.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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