North Carolina Housing Foundation Inc.

Overview

The North Carolina Housing Foundation Inc. (NCHF), also known as ANCHOR (Affordable North Carolina Housing Organization), is a nonprofit organization dedicated to developing, managing, and preserving affordable housing for low- and moderate-income individuals in North Carolina. Established in 1968, it focuses on providing safe housing with supportive services to enhance the quality of life for its residents.

Mission

The foundation's mission is to create and maintain safe, affordable housing options for people in need. NCHF aims to support low-income families, the elderly, and those with disabilities by integrating them into communities through affordable housing solutions.

History

Initially founded as the North Carolina Housing Foundation, it was later renamed to reflect its broader mission and reach. Over its history, NCHF has developed over 2,500 units of quality housing across North and South Carolina. The organization's early efforts focused on utilizing HUD Section 202 housing programs to assist elderly and disabled populations. In 1998, it expanded its scope by establishing the North Carolina Housing Services and Management Corporation to ensure comprehensive property management and service coordination for its developments.

Operations

NCHF operates through two nonprofit divisions:

• ANCHOR Development: Founded in 1968, this division focuses on the development and preservation of affordable housing.
• ANCHOR Services & Management: Established in 1998, it provides comprehensive property management and services coordination to support residents.

Achievements

NCHF has received recognition for its efforts, including the Achievement in Affordable Housing award from the North Carolina Housing Finance Agency. The organization has leveraged its initial funding to develop a portfolio valued at over $100 million in properties.

Community Impact

NCHF has made significant contributions to addressing homelessness, particularly through programs like Veterans Helping Veterans Heal, which provides housing and supportive services to homeless veterans.

Financial Overview

As a nonprofit, NCHF relies on contributions and program services to fund its operations. Its financial stability allows it to maintain a focus on providing affordable housing solutions without the pressure of generating profits.

Organization Type

NCHF is categorized under housing development, construction, and management (NTEE code). Donations to the organization are tax-deductible.