HouseCharlotte Program

The City of Charlotte and Charlotte-Mecklenburg Housing Partnership, Inc. (CMHP/ The Housing Partnership)  joined forces January 4th, 2011 to more efficiently administer the HouseCharlotte Program. Effective April 1, 2017 the City of Charlotte has made some enhancements to the HouseCharlotte program. This effort aligns with The Community Letter – Charlotte City Council’s adopted actions in response to the community.   Please click the following link for more information. http://charlottenc.gov/CommunityLetter/Pages/default.aspx

 

 

 

 

Program Features

The HouseCharlotte program provides 5, 10, or 15-year, deferred, forgivable loans to qualified  applicant’s .  Funds can be used to cover downpayment, closing cost, and interest rate buy down.

 

  • Funding up to $8,500 for families with household income at or below 80% Area Median Income (AMI) purchasing within Charlotte City limits.
  • Funding up to $10,000 for Public Service Employees with household income at or below 80% AMI purchasing within Charlotte City limits. 
  • Funding up to $5,000 for families with household income above 80% AMI, up to 110% AMI purchasing in select HouseCharlotte designated Neighborhoods Profile Areas (NPAs).
  • PILOT PROGRAM – Start date to be determined. Up to $17,000 for families with household income at or below 80% AMI purchasing in select High Cost City of Charlotte NPA’s.
     

Eligibility

  • Families with household income that is 110% or less of the HUD Area Median Income are eligible for assistance
  • Participants must complete a pre-purchase Homeownership program through a HUD-approved Housing Counseling Agency.
  • The home must be a family’s primary residence and be located within the City of Charlotte or one of designated HouseCharlotte eligible NPA’s per the Program Features.
  • Maximum purchase price is $185,000.
    • *For new construction properties approved for HouseCharlotte funds and NCHFA CPLP NCHFA-CPLP (Community Partners Loan Pool), the maximum purchase price is $195,000

 

 

How the program works

Lenders apply for the program on behalf of qualified buyers. To find out if you are qualified, contact approved lenders, which are included in the list linked to this website.

Please note that HouseCharlotte is not affiliated with any Real Estate Company, Broker or Agent.  Buyers are welcome to use the agent of their choice.

The selected home must be located within the City of Charlotte limits. To determine if the property of interest is eligible, and address search must be completed through the mapping application.  See Address Search section below.

Once you have found a house in an eligible area, ask your lender to apply for the HouseCharlotte program. You also must complete a Homeownership program. In order to register for a homebuying course, buyers may contact Community Link at 866-230-0956 or any other HUD-Approved Counseling Agency

  • All parties on the loan must attend a minimum of eight (8) hours of homebuyer education and counseling with a HUD-approved Housing Counseling Agency.
  • ——Online Education is accepted from E-Home and Framework ONLY. Face-to-face Counseling is required.
  • A certificate is issued upon completion of training which is valid for one year only.
  • Completion of homebuyer education training does not guarantee approval of HouseCharlotte funds.

Address Search

To find out if a house is in a HouseCharlotte Program eligible area, enter the address in the HouseCharlotte Mapping Application. The property’s eligibility will be available in the information bubble on the map.

Please note Effective March 2014 Tenant occupied properties are not eligible for purchase using HouseCharlotte funds.  Neither can the inspection request be processed.  Once the tenant has moved, the inspection can be ordered.  At that time a new purchase contract dated after the property is no longer tenant occupied, and a new Inspection Request form will be required. 

  • Email the inspection request form, along with the fully executed contract, to The Housing Partnership at HouseCharlotte@cmhp.org.
  • A HouseCharlotte team member will email the requestor, typically the Buyer’s agent, when the inspection is ordered; notifying them of which Inspector should be contacted for scheduling.
  • Certificate of Occupancy accepted if new construction.

In lieu of the HouseCharlotte inspection, buyer(s) have the option, at the buyer’s cost, to hire an independent Licensed NC Home Inspector. However, this Inspector must complete the HouseCharlotte Minimum Housing Inspection Forms along with their normal inspection form.

  • Upon completion of the inspection, the fully executed contract, the inspection, and the completed 12 page HouseCharlotte Minimum Housing Inspection form must all be forwarded to HouseCharlotte via email to HouseCharlotte@cmhp.org.

IT IS EXTREMELY IMPORTANT that if your customer chooses this option that you understand and furthermore COMMUNICATE TO THE INSPECTOR THAT TENANT-OCCUPIED PROPERTIES ARE NOT ALLOWED WITH THE HOUSECHARLOTTE PROGRAM

Loan Package Submission

 

  • All loan submission packages requesting HouseCharlotte funds need to be submitted to The Housing Partnership.
  • Lenders will be able to upload the loan submission package electronically through our SharePoint system at https://HouseCharlotte.cmhp.org. This is our preferred method for receiving packages, however, in case of technical issues, our address is The Housing Partnership ATTN: HouseCharlotte 4601 Charlotte Park Drive, Suite 350, Charlotte, NC 28217.
  • Each lender will be assigned (1) one username and password. Your Admin or Technical Support person will need to make sure the SharePoint access is set-up properly.
  • A HouseCharlotte team member will confirm receipt of your package by emailing the lender and the Buyer’s agent.
  • Upon receipt of a complete loan submission package, allow 10 business days for processing and funding.
  • Once the loan is approved, the Lender and Buyer’s agent will be notified via email.

The Closing Process

 

  • When the HouseCharlotte funds are ready The Housing Partnership will notify the Lender and the Buyer’s agent via email. The check will need to be picked up at City of Charlotte Neighborhood & Business Services office, 600 E. Trade Street, Charlotte, NC 28202.
  • The loan closing documents will be sent to the Attorney Office electronically from The Housing Partnership SharePoint system. The Attorney or Paralegal will need to download the closing documents from the system at https://HouseCharlotte.cmhp.org.
  • Each Attorney Office will be assigned (1) one username and password to be used by all locations.

 

Attorney office should return closed executed original closing documents to The Housing Partnership ATTN: HouseCharlotte 4601 Charlotte Park Drive, Suite 350, Charlotte, NC 28217.

Become a Registered Lender

Lender Information Letter  (Includes items required to be submitted with Lender Agreement)
Lender Agreement
–  Exhibit A

Effective April 1, 2017 – all Loan Officers who will use the HouseCharlotte program must complete training. Lender Training is Mandatory, as well as any update trainings, when applicable.  Contact HouseCharlotte@cmhp.org for details.

Contacts

For General Program Information, Loan Submission Process and Requirements
The Housing Partnership HouseCharlotte Team
(704)705-3999
HouseCharlotte@cmhp.org

 

For Lender Registration and Post Closing Account Services
City of Charlotte Neighborhood & Business Services
Ron Mason
(704)336-2754
rmason@charlottenc.gov