Meeting Tuesday to focus on Matthew loans

Staff Report

LUMBERTON — A meeting will be held Tuesday at 6 p.m at the Robeson County Department of Social Services to discuss two new loan programs available to affordable-housing developers, landlords and small businesses needing money to recover from Hurricane Matthew.

The department is located at 120 Glen Cowan Road in Lumberton.

The meeting, which is sponsored by the N.C. Community Development Initiative, will focus on the Resilient Communities Loan Program for affordable housing developers and owners of rental property, and the Resilient Communities Small Business Disaster Recovery Program.

Affordable housing developers can obtain loans aimed at accelerating the development of “shovel ready” projects that will expand access to disaster recovery affordable housing in areas affected by Hurricane Matthew. The Rental Housing Repair Program is for owners of rental housing whose properties were damaged as a result of Matthew.

The Small Business Disaster Recovery Program loans can be used for such purposes as gap funding, pre-development, new construction, rehabilitation, and working capital. They also can be used for the purchase of equipment and inventory.

Staff Report

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