The state has upped its financing for affordable housing this week.
On Tuesday, the Local Government Commission approved more than $750 million in bonds for the North Carolina Housing Finance Agency.
This latest approval comes after a March report by the National Low Income Housing Coalition found the number of affordable homes is dwarfed by the number of extremely low-income households in the state.
The money generated will help finance homes for low- and moderate-income families. It’s the second request in that amount in as many years, and is nearly double the total approved funding for 2022.
