Funding Assistance for Small-Scale Landlords – House Bill 1078/Senate Bill 728 Introduced

Posted By: Wesley Masters Industry News,

AN ACT TO ESTABLISH A LOAN PROGRAM WITH THE NORTH CAROLINA HOUSING FINANCE AGENCY TO ASSIST CERTAIN SMALL-SCALE LANDLORDS DUE TO 4 THE COVID-19 EMERGENCY. Provisions of the bill include having the North Carolina Housing Finance Agency provide assistance in the form of zero-interest loans made to eligible landlords experiencing economic hardship 29 caused by the COVID-19 pandemic.  An eligible landlord would have no more than 25 existing tenants residing in property situated in this State and relies on rents received from rental properties as its primary source of income.  Last action: Referred to the Committee on Commerce.

Review the details of the bill here!