Carolina Housing Promise Act.

Summary

The Carolina Housing Promise Act creates a suite of financing tools, tax incentives, and dedicated programs aimed at increasing the supply of affordable homes, supporting low‑income renters, and strengthening homes against hurricanes. It directs billions of dollars over the next decade to the Housing Finance Agency, local housing authorities, and other state departments, while also adding tax credits for donations, rural rentals, and hotel‑to‑housing conversions. The bill targets prospective homeowners, renters, developers, local governments, and vulnerable communities across the state.

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