HOUSING
American Rescue Plan Act Strategy
SUMMARY
Cabarrus County awarded $15,069,673 to eight (8) organizations providing housing services to residents in Cabarrus County.
This dashboard provides a list of organizations and their programs funded along with performance measures related to the funding category. The performance measures track outputs for the organizations and references the U.S. Department of Treasury's goal to encourage the use of funds that promote strong, equitable growth, including racial equity.
PERFORMANCE MEASURES - YEAR 2
Performance Measures - YEAR 1
Organizations and Programs
Concord Family Enrichment Association (WeBuild) - $5,000,000
Program: Purchase land, properties, or units (joint ventures included) to develop affordable housing to serve households at or below 80 percent of the area median income (AMI). Add at least 80 units.
Cooperative Christian Ministry - $2,000,000
Program: Purchase and renovate a 90+ room hotel to more than quadruple CCM’s current emergency and transitional housing capacity. Serve 180-220 adults and children.
Habitat for Humanity - $963,282
Program: Affordable Housing programs, Homeownership and Critical Repairs services.
Operation Decisive Victory - $85,000
Program: Serve the rising number of homeless and at-risk families specifically within the veteran and first responder communities.
Salvation Army - $300,000
Program: Provides 28 of the 34 emergency beds in Cabarrus County, including the sole room set aside for families with children.
The Open Door House - $15,000
Program: Transitional housing program for young women 18-22 who had aged out of foster care or were experiencing homelessness
Opportunity House - $197,891
Program: Day shelter provides assistance to an average of 43 people a day including meals, showers, and healthcare, but also computer lab sessions, for continuing education; and clothing closet visits, to keep cool or warm depending on the season.
Prosperity Unlimited - $6,508,500
Programs: Mortgage assistance program of up to $35,000 per household. Housing assistance for homeowners without mortgages to assist with funds to cover other housing related costs such as homeowner’s insurance, taxes, HOA, etc.
Legal aid to assist homeowners with negotiating with the HOA if foreclosure proceeding has already begun or working with the servicer when the activity moves from a financial issue to legal action.
Acquisition/rehabilitation where the homeowner unable to afford the home sells it into the program for the balance owed on the loan and move into a lease-purchase arrangement while the homeowner is being re-trained, re-employed and is rebuilding their financial position.
Develop seven (7) innovative affordable housing units that will address many of the needs for low-to-moderate income families.