Affordable Rental Development Program
The City of Raleigh's Affordable Rental Development Program provides gap financing to developers for building, purchasing, and rehabilitating affordable multifamily rental housing. Offered by City of Raleigh; awards $15.0M.
Key Facts
- Funder
- City of Raleigh
- Award amount
- $15.0M
- Deadline
- Rolling / not specified
- Geography
- North Carolina
- Categories
- Community Development
- Status
- Open
About This Grant
The City of Raleigh's Affordable Rental Development Program provides gap financing to developers for building, purchasing, and rehabilitating affordable multifamily rental housing. The program leverages City funds with federal low-income housing tax credits, bond financing, conventional financing, and other public funding sources. Funds are made available annually through a Notice of Funding Availability (NOFA). The City also offers a Small-Scale Rental Development program open to non-profit...
Full requirements and application instructions: official listing.
Similar Open Grants
Grants, Funding and Relief — City of Raleigh (Portal)
City of Raleigh
City of Asheville Event Support Grant Program
City of Asheville
Civic Foundation of North Carolina Grants
Civic Foundation (North Carolina)
Public Policy & Education Grants
John William Pope Foundation
Nonprofit Arts Recovery Grant
North Carolina Community Foundation
Beautification Grant
Keep Charlotte Beautiful
Applying for a Professional License (NC Educator Licensure)
NC State College of Education / North Carolina Department of Public Instruction (NCDPI)
Burke Youth Organized Philanthropists (BYOP) 2025 Grant Cycle
Community Foundation of Burke County
City of Fayetteville Emergency Solutions Grants Program
City of Fayetteville
Community Development Block Grant
City of Fayetteville