Skip to Content

Durham Affordable Housing Loan Fund

program partners logos

Financing for affordable housing development in Durham, NC

The Durham Affordable Housing Loan Fund (DAHLF) aims to help create more affordable housing in Durham, North Carolina. The City of Durham, Duke University, SunTrust, the North Carolina Community Development Initiative and Self-Help are partnering to fund and administer the program.

DAHLF is available for both multifamily and single-family developments. See below for more details on program terms and eligibility.

Eligible Projects

  • For existing properties or land to develop affordable housing
  • Located within the City of Durham
  • Plan to create or preserve affordable units for sale or rent

Eligible Borrowers

  • Nonprofits and housing authorities; or for-profit entities in partnership with a nonprofit or housing authority
  • Recent, relevant affordable housing development experience
  • Have a business plan to create or preserve affordability

Benefits of the Durham Affordable Housing Loan Fund

  • Enables acquisition of properties in a competitive market
  • Allows time to secure construction/rehabilitation financing and permanent financing
  • Provides financing for 100% of acquisition costs
  • Access to in-house legal and real estate development expertise
  • Pre-underwriting available to expedite the closing for future acquisition
kid playing on porch with grandmother



affordable homes on a street

Two DAHLF Products Available: the Change Maker and the Hope Builder

Change Maker

For Multifamily Developments

Product Details:
  • Acquisition loan
  • Term: Up to 5 years
  • Amounts: $200,000 to $2,500,000
  • Up to 100% loan-to-value*
  • 3.4% fixed rate, interest only throughout term
  • Can combine with other financing

Property type:

  • Existing multifamily housing (5+ units) or land for multifamily development
  • Smaller buildings and scattered-site single-family considered

Affordability plans:

  • Rental units serving <60% AMI
  • For-sale units serving <80% AMI
  • Mixed-use and mixed-income projects considered


JJ Froehlich


*up to lesser of appraised value and purchase price, up to 110% on a case-by-case basis for emergency repairs and/or predevelopment costs

Hope Builder

For Single-Family Developments

Product Details:
  • Acquisition line of credit
  • Term: Up to 5 years
  • Amounts: $200,000 to $1,000,000
  • Up to 100% loan-to-cost
  • 3.65% fixed-rate, interest only throughout term
  • Note: Available for affordable housing developers only; not intended for individual homebuyers.


Property type:

  • Existing single-family housing (4 or fewer units) or land for single-family development (4 or fewer units)


Affordability plans:

  • Rental units serving <60% AMI
  • For-sale units serving <80% AMI
  • Homebuyer education encouraged


Don Liles