FY 27 AHSP Staff Summary Rocky Moss Terrace Loan
Rocky Moss Terrace assumes $3M CDBG-DR loan from NCHFA
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Description
The Rocky Moss Terrace financing plan assumes a $3 million CDBG-DR loan from the North Carolina Housing Finance Agency, structured as a 30-year, 0% interest loan with a balloon payment at maturity. This prospective funding is a key component of the project’s 2026 LIHTC application and overall capital stack.
Contract Details
Contract Amount
$3,000,000 CDBG-DR loan (assumed)
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, balloon payment at maturity
Renewal Date
2056-06-30
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