Affordable Housing for Developers

9% Low-Income Housing Tax Credit (LIHTC)

The City of Fayetteville partners with developers pursuing competitive 9% Low-Income Housing Tax Credits by providing HOME gap financing for eligible affordable rental housing developments. This funding helps strengthen competitive applications and supports the creation of high-quality, long-term affordable housing that addresses local housing needs.

4% Low-Income Housing Tax Credit (LIHTC)

The City of Fayetteville supports developers utilizing the 4% Low-Income Housing Tax Credit to finance affordable rental housing developments. Often paired with tax-exempt bond financing, 4% LIHTC developments help expand and preserve affordable housing while leveraging public and private investment to meet the community's housing needs.

The City of Fayetteville LIHTC application is now closed.

LIHTC Policy(PDF, 4MB) LIHTC Instructions(PDF, 203KB)

A Community Housing Development Organization (CHDO) is a nonprofit housing developer certified by the City to create affordable housing opportunities for low- and moderate-income households. CHDOs combine community-driven missions with development expertise, making them valuable partners in building, rehabilitating, and preserving affordable housing while leveraging HOME Investment Partnerships Program funding.

The City of Fayetteville CHDO Request for Proposals (RFP) is currently closed.

CHDO Certification Form(PDF, 232KB) CHDO RFP(PDF, 5MB)

The Affordable Single-Family Housing Development Program (ASFHD) partners with qualified for-profit and nonprofit developers to expand affordable homeownership opportunities throughout Fayetteville. Through interest-free construction financing, development incentives, and homebuyer assistance, the City helps create quality homes that remain affordable for income-qualified families.

The City of Fayetteville ASFHD Program application is currently closed.

ASFHD Policy(PDF, 498KB) ASFHD RFP(PDF, 5MB)

The Affordable Rental Housing Development Program partners with experienced developers to create, preserve, and expand affordable rental housing throughout Fayetteville. By leveraging federal, state, and local funding sources, the City provides flexible financing for new construction, acquisition, rehabilitation, and supportive housing developments that increase housing opportunities for income-qualified residents.

The City of Fayetteville Affordable Rental Housing Development Program application is currently closed.

Program Policy(PDF, 692KB) Notice of Funding Availability(PDF, 566KB) Process Map(PDF, 667KB)