Taft Mills Group AHSP Application Staff Report April 2026
Alta Valley Trace Requests NCHFA RPP Loan
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Description
Alta Valley Trace has requested a $1,600,000 Rental Production Program loan from the North Carolina Housing Finance Agency at 0% interest, to be repaid from project cashflow. The RPP terms impose HOME rent limits and payment caps that shape the project’s income and debt structure.
Contract Details
Contract Amount
$1,600,000
Vendor
NORTH CAROLINA HOUSING FINANCE AGENCY
Agency
Buncombe County, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 4, 2026
Contract Term
30 years at 0% interest, cashflow loan with limited annual payments per NCHFA guidelines
Renewal Info
Cashflow-based repayment subject to NCHFA guidelines on shared payment percentages after conventional debt service.
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