ASHEVILLE, N.C. (WLOS) — A bill making its way through Raleigh aims to help fund more affordable housing projects in North Carolina.
“As someone who grew up in a low income home here in North Carolina, having a safe place to live and an affordable place to live is crucial,” Rep. Chaz Beasley said.
That’s why Beasley is co-sponsoring House Bill 549.
“Basically, what this bill does is provide a one for one match for up to $2.5 million for funds that are raised for affordable housing projects in North Carolina,” Beasley said.
According to the North Carolina Housing Coalition, about 1.2 million North Carolinians can’t afford housing.
“We want to do what it takes to incentivize more affordable places for people to live all over North Carolina,” Beasley said.
The Department of Commerce would be responsible for deciding which nonprofits receive money and how much.
“We’re very excited for any bill that will help provide matching funds or more for affordable housing,” ABCCM executive director the Rev. Scott Rogers said.
Rogers said ABCCM broke ground on Transformation Village, an affordable housing community, in 2017, but the project has been in the works for about eight years.
“This is all private dollars that have been raised for Transformation Village,” Rogers said. “This is about a $9.2 million project.”
So far, about $5 million has been raised.
When Transformation Village is complete, it will provide affordable housing to women and children in the area.
Since Transformation Village is already under construction, it is not known if it will qualify to receive funds.
“My hope is that it will benefit project like that, but time will tell,” Beasley said.
Rogers said Transformation Village is expected to be completed in late 2019 or early 2020.
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