Chapter 122E North Carolina Housing Trust and Oil Overcharge Act
- § 122E-1 Short title
This Chapter shall be known and may be cited as the "North Carolina Housing Trust and Oil Overcharge Act." (1987, c. 841, s. 1.)
- § 122E-2 Definitions
As used in this Chapter: (1) The term "substandard unit" means a housing unit which, by reason of dilapidation, deterioration, age or obsolescence, inadequate provision...
- § 122E-3 North Carolina Housing Trust Fund
(a) There is established a North Carolina Housing Trust Fund, separate and distinct from the General Fund. (b) The Fund shall consist of monies received...
- § 122E-4 North Carolina Housing Partnership created; compensation; organization
(a) The North Carolina Housing Partnership is hereby created within the North Carolina Housing Finance Agency to establish policy, promulgate rules and regulations, and oversee...
- § 122E-5 Administration
(a) The North Carolina Housing Finance Agency shall administer the Fund in accordance with the policies, rules and regulations promulgated by the Partnership. (b) The...
- § 122E-6 Uses of funds
Funds from the Fund shall be used to increase the supply of decent, affordable and energy‑efficient housing for low, very low, and moderate income residents...
- § 122E-7 Eligible applicants
Eligible applicants shall include units of State and local governments including municipal corporations, for profit and nonprofit housing developers. Provided, however, that the Partnership's rules...
- § 122E-8 Allocation of funds
(a) Monies within the Fund shall be allocated to eligible applicants under this Chapter by the Agency, in accordance with funding cycles established at least...
- § 122E-9 Displacement
In establishing criteria for G.S. 122E‑8(a), the Agency shall give special attention to designing protections to provide that any lawful occupants who live in a...
