North Carolina officials are working to attack the state's shortage of affordable by building thousands of new affordable apartment homes. (Photo: Clayton Henkel) Federal tax credits and other financing awards will help to build $1.1 billion in affordable apartments in 25 counties this year, the N.C. Housing Finance Agency (NCHFA) recently announced. In total, tax credits and tax-exempt bonds, including bond awards from January and June 2024, were approved for 50 projects by the North Carolina Federal Tax Reform Allocation Committee, based on recommendations from the NCHFA. The agency administers the federal Low-Income Housing Tax Program (LITHC) or Housing Credit program as it is also kno
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