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North Carolina Housing Finance Agency

The NC Foreclosure Protection Fund emerges by the NC Housing Finance Department, a self-supporting condition agency, and funded through the U.S. Department for the Treasury's Hardest Hit Fund®. The NC Foreclosure Prevention Fund works as an independent entity under the Housing Finance Agency's Home cover plan, that has been produced by the vermont General Assembly in 2004. Solutions are given by HUD-approved counseling agencies statewide.

The new york Housing Finance Agency's goal should create affordable housing options for North Carolinians whoever needs are not satisfied because of the market. Since its creation in 1973 by the General Assembly, the Agency has actually financed almost 241, 000 affordable domiciles and apartments, totaling more than $17.4 billion.

The department provides financing through the purchase of tax-exempt bonds and management of national and condition taxation credit programs, the national HOME Program, their state Housing Trust Fund, and other programs.

Using these sources and its particular earnings, the department offers affordable mortgages and downpayment support for first-time homebuyers, finances affordable houses and apartments and finances the introduction of housing for those who have special needs. The Agency in addition finances the rehabilitation of substandard owner-occupied homes and administers HUD leasing and rent assistance agreements for 25, 000 independently owned flats statewide.

Source: www.ncforeclosureprevention.gov
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