NC Launches $1.4 Billion Aid for Hurricane Helene Recovery, New Housing Program Announced

June 16, 2025
NC Launches $1.4 Billion Aid for Hurricane Helene Recovery, New Housing Program Announced
  • Applications can be submitted online, in person at designated offices, via a mobile app, or by phone, requiring documentation such as identification and income proof.

  • Eligibility for the program extends to numerous counties, including Alexander, Alleghany, Ashe, Avery, Buncombe, and Burke.

  • This initiative is part of a broader $1.4 billion recovery effort funded by federal disaster relief.

  • North Carolina is launching the Renew Single-Family Housing Program to assist homeowners affected by Hurricane Helene.

  • The application process is divided into four phases, prioritizing households earning below 60% of the area median income and those with special needs.

  • State Treasurer Brad Briner announced a second round of interest-free Cashflow Loans for local governments, utilizing $34.4 million from a $100 million loan program established under the Disaster Recovery Act of 2024.

  • This second round of loans was prompted by requests from local governments needing more time to assess damage and secure funding.

  • Assistance is prioritized for households in distressed counties, low-income families, seniors, individuals with disabilities, and those needing repairs.

  • The first round of loans distributed over $73 million to local municipalities in February 2025, aiding in immediate recovery efforts.

  • The loans provided to local governments must be repaid within five years, supporting communities as they rebuild after the hurricane.

  • Deputy Secretary Stephanie McGarrah emphasized the long-term nature of the recovery process, committing to timely support for rebuilding communities and homes.

  • In addition to the single-family program, two more housing initiatives focusing on multi-family and workforce housing are set to launch later in 2025.

Summary based on 8 sources


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