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Durham Affordable Housing Loan Fund

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, Truist, 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 

 

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