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Primary Sponsor

Last Action

Ref to the Com on Housing and Development, if favorable, Appropriations, if favorable, Rules, Calendar, and Operations of the House2026-04-29

Vote Breakdown

No floor votes recorded.

Plain Language Summary

This bill creates the Affordable Housing Infrastructure Development Loan Program, which provides below-market interest rate loans to nonprofit organizations for developing land and infrastructure (such as utilities, roads, and site preparation) for affordable housing projects. The program receives $50 million in state funding and is administered by the North Carolina Housing Finance Agency.

Arguments in Favor

• •Supporters argue this program addresses North Carolina's affordable housing shortage by reducing upfront costs for nonprofits developing affordable housing, making projects more financially feasible.
• •The bill targets organizations that use volunteer labor and donated materials, stretching limited resources further, and requires borrowers to provide zero-percent financing to low- and moderate-income homebuyers, directly benefiting families struggling with housing affordability.

Arguments Against

• •Opponents may argue that $50 million represents a significant state investment with uncertain returns, and that loans only cover land and infrastructure—not construction—so additional funding sources will still be needed to complete projects.
• •Some may also question whether nonprofit organizations have sufficient capacity to manage these projects effectively, or whether the funds would be better spent on direct housing subsidies or other housing solutions.