As North Carolina grows, safe and affordable housing becomes increasingly vital. Governor Josh Stein acknowledges this urgent need: "Our state is growing, and people need a safe and affordable place to live. We will remain focused on identifying solutions to lower the cost of housing for North Carolinians at every stage of life and work to ensure every person has a safe place to call home."
What Stein is Proposing
Governor Stein's initiative will direct $35 million annually into the state's Housing Trust Fund. Additionally, another $15 million will specifically target workforce housing loans. The investments aren't temporary solutions. They represent a long-term, sustainable commitment to expanding housing opportunities across North Carolina.
Why This Matters
As home prices and rent costs steadily climb, many North Carolinians feel priced out of the market. Governor Stien's proposed funding directly addresses this issue by increasing the inventory of affordable homes and making homeownership accessible to more people, creating stability and fostering community growth
What This Means for Homebuyers
Buyers might benefit from a broader range of mortgage options, potentially lower interest rates, and expanded eligibility criteria as affordable housing availability grows.
Next Steps to Prepare for Homeownership
- Get Pre-Approved Early: Connect with the Sharpe Mortgage Team to determine what you can comfortably afford. A clear understanding of your financial position simplifies homebuying and gives you a competitive edge.
- Incrementally Build Your Savings: While several low-down-payment programs are available, steadily setting money aside can provide you with more options and greater financial security when you're ready to buy.
Take Action Today
Contact the Sharpe Mortgage Team at (336) 575-9448 for more information or to start your pre-approval process. With the proper preparation and guidance, your dream of homeownership may become a reality sooner than you think!
