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Forsyth County establishes Community Development Grants ordinance with $617,725 for housing rehab and down‑payment assistance
Summary
County staff briefed commissioners on a Community Development Grants projects ordinance that consolidates HOME funds, state urgent repair dollars and local match to provide owner‑occupied rehabilitation, demolition, lead remediation and first‑time homebuyer down‑payment assistance. Total funding is $617,725.
Forsyth County community and economic development staff on Aug. 25 presented a Community Development Grants projects ordinance that will fund owner‑occupied rehabilitation, demolition, lead remediation and down‑payment assistance for eligible first‑time homebuyers.
Ashley Penley said the ordinance consolidates multiple funding streams into a projects ordinance to align with the department’s name and to work with the county’s new finance system. The total allocation in the projects ordinance is $617,725. Revenue sources identified in the briefing included a HOME Investment Partnerships Program allocation of $221,000, $10,000 from participating municipalities in the HOME consortium, a $39,007.25 transfer from the general fund to cover local match requirements, $165,000 from the North Carolina Housing Finance Agency urgent repair program, and approximately $182,000 to administer NCHFA’s essential single‑family rehab program for 2027.
Penley said eligible activities include rehabilitation, reconstruction, demolition, lead remediation of owner‑occupied homes and down‑payment assistance for eligible first‑time homebuyers; some funds may also cover allowable preconstruction or administrative costs consistent with grant rules and vendor procurement policies.
Commissioners asked clarifying questions about which line items cover down‑payment assistance and local match; staff said HOME funds can be used for both rehabilitation and down‑payment assistance and that the county’s $39,007.25 local match supports HOME requirements.
