Concord's CDBG and HOME Funding Priorities
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The Affordable Housing Programs are primarily funded through the Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) Programs. Concord is awarded funds from these programs annually. Both operate under the 2020-2024 Consolidated Plan, which establishes a coordinated vision for community development actions for five years. Concord uses input from it's citizens and community partners to determine future housing needs, develop strategies, and deliver them.
Through the CDBG & HOME Programs, Concord provides housing assistance to income-eligible residents for the purchase, rehabilitation, and/or construction of homes. The four programs are: Down Payment Assistance, Housing Reconstruction, Housing Rehabilitation Assistance, and Emergency Rehabilitation.
To be eligible for a housing assistance programs, a family’s household income may not exceed 80% of the area’s median income. This is determined by household size relative to income as indicated be:
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HUD Fiscal Year 2025 Annual Income Limits
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1 person household
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$62,850
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2 person household
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$71,800
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3 person household
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$80,800
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4 person household
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$89,750
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5 person household
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$96,950
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6 person household
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$104,150
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7 person household
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$111,300
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8 person household
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$118,500
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Downpayment Assistance Program
This program provides down payment and closing cost assistance up to $25,000 to eligible home buyers. Eligible home buyers are individuals or families that do not exceed the HUD income limits and first-time home buyers or have not owned a home within three years of the anticipated purchase date. The cost of the home cannot exceed $332,000 (existing home) or $350,000 (new construction), and must be located within the city limits of Concord. The applicant will be required to complete home buyer education classes prior to the purchase, and provide $1,000 of their own funds towards the purchase. Funds are limited and provided on a first-come first-serve basis.
Assistance is provided through a second mortgage in the form of a five-year forgivable loan. The City of Concord provides downpayment assistance for single-family homes. Condos and mobile homes are not eligible for assistance through this program. All lenders must be approved by the City of Concord in order to participate in this program.
Requirements for completing the Application process:
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Eligible home buyers are individuals or families that meet the HUD income limits and are first-time home buyers or have not owned a home within three (3) years of the anticipated purchase date.
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Downpayment Assistance applications with an executed purchase contracts (both parties signatures) must be received with at least 45 days before the date of closing.
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Applicant(s) must meet the income requirements and be pre-approved by a bank or financial institution for an adequate amount to purchase the home stated in their application.
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Lenders must be approved by the City of Concord to participate. See the section below under No. 5. entitled "View the City of Concord's Approved Lenders List" for a complete list of approved lenders. (*For Lenders requirements to become an approved lender are also found here.)
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Applicant(s) are required to contribute a minimum of $1,000.00 of their own funds towards the purchase of the home.
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Applicant(s) must complete an eight-hour homebuyer education workshop provided by a HUD-approved agency or counselor, and submit the certificate of completion prior to becoming eligible for this program. HUD-certified online courses are permissible; however, you must complete a minimum of four (4) in-person hours with a HUD-approved housing counselor for a financial analysis (certificate required).
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The City of Concord provides down payment assistance for single-family homes and manufactured homes. Condos and mobile homes are not eligible for assistance through this program.
To begin this process, complete the following recommended steps:
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View the short video from the U.S. Department of Housing & Urban Development (HUD) that outlines the basic steps to homeownership.
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View the HUD website for more information about buying a home.
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Schedule a Homebuyer Education Class with a Certified Housing Counseling Agency. Click here for the HUD Certified Counseling Agency List to assist with the required 8-hour workshop and the 4-hour one-on-one counseling session. These classes provide guidance to purchase a home, complete a financial analysis, and avoid undesirable contracts and loan products.
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View the N.C. Housing Finance Agency’s (NCHFA’s) Home-Buyer Programs website for information about additional downpayment assistance opportunities and view NCHFA’s current Lender List here.
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View the City of Concord’s Approved Lenders list below. Simply click on the lender’s name to begin the prequalification process. If your lender is not included in this list, send the Lender Approval Documents to your loan officer to begin the process. Click here to download the Lender Approval Documents in English, and click here to download the Lender Approval Documents in Spanish.
Program Contact Information: 704-920-5154 or Contact Us by clicking here.
For convenience, apply online by clicking here.
Click here to print and mail an application in English for consideration, and click here to print and mail an application in Spanish for consideration.
Click here to view our Downpayment Assistance Program brochure in English, and click here to view our Downpayment Assistance Program brochure in Spanish.
The City of Concord’s FY 24-25 Approved Lenders:
Housing Rehabilitation Assistance Programs
Assistance through these programs are available to low and moderate income homeowners whose homes are in substandard condition. The applicant must own and reside in the home and must not exceed HUD income limits. Single-family homes and manufactured homes are eligible for assistance, but the City also may approve mobile homes for assistance. Condos are not eligible for assistance through these Programs.
Substantial Rehabilitation Program
Maximum assistance is based on HUD’s Maximum Post-Rehabilitation Property Value of $332,000. If the tax value of the home, plus the cost of repairs exceed these limits, assistance cannot be provided. In addition, if the cost of repairs plus all mortgage(s), lien(s) or judgement(s) balances exceeds the tax value, assistance cannot be provided. The assistance is through a low interest or forgivable loan based on the annual household income.
The Substantial Rehabilitation Program addresses major housing codes and structural problems. Funding for this program is provided by the HOME Investment Partnership Program.
Emergency Rehabilitation Program
The Emergency Rehabilitation Program provides repairs that are urgent in nature and necessary to protect the health and safety of the occupants.
Examples include, but are not limited to, the repair or replacement of HVAC, roofing, plumbing or electrical systems. This program is not intended to address every code issue in a house. Maximum assistance through this program is $15,000.
To apply for assistance, please fill out the application for Housing Rehabilitation Assistance. (Note: After opening the application, you may type your information into the form by clicking on the Typewriter Tool in Acrobat Reader).
Funding for this program is provided by the Community Development Block Grant (CDBG) Program.
Program Contact Information: 704-920-5154 or Contact Us by clicking here.
For convenience, apply online by clicking here.
To print and mail an application, click here for English, or click here for Spanish.
To view our brochure, click here for English, or click here for Spanish.
Resources for General Contractors
The City of Concord receives funding directly from the U.S. Department of Housing and Urban Development (HUD) to perform emergency repairs and rehabilitate homes that are owned by low- and moderate-income families and are located within the City limits. The City’s funding also is used to construct new, affordable homes that are added to its current housing stock. All work is carried out by private contractors under the supervision of staff through a competitive bid process.
The City of Concord actively seeks licensed general contractors to participate in its housing programs. Qualified contractors will be added to the City’s contractor list for bid solicitation. A North Carolina General Contractors License is required for all contracts. All contractors must have a Renovation, Repair and Painting certificate to participate in the City’s Housing Rehabilitation Programs. All contractors must comply with the City’s bonding and general liability insurance requirements. Small disadvantaged and minority firms are encouraged to participate.
Click here to access the Memorandum of Understanding, the Contractor Application, the Vendor Information, and the W-9 Form.
To register for the City's online bidding process, please click here.
For more information about participating in our public procurement process and to receive bid requests, contact us by using our Contact Form or 704-920-5152.