The Cabarrus/Iredell/Rowan HOME Consortium was formed in 2005 for the purpose of cooperatively providing safe, decent and affordable housing to low- and moderate- income citizens living within eight (8) adjacent local governments, which includes the City of Concord, Cabarrus County, Iredell County, the City of Kannapolis, the Town of Mooresville, the City of Salisbury, the City of Statesville, and Rowan County.
There also are three (3) community housing development organizations (CHDOs) that are part of the Consortium. The City of Concord is the Lead Entity of the Cabarrus/Iredell/Rowan HOME Consortium and is authorized to request, submit, and receive HOME funds for the Consortium directly from the U.S. Department of Housing and Urban Development (HUD).
Eligible activities include the construction of affordable single-family and rental housing, property acquisition, the purchase/rehab/resale of affordable housing and down payment assistance for low- and moderate-income, first-time homebuyers. In FY 20-21, the City of Salisbury received $124,000 in HOME funds and is using it to fund new construction of affordable homes and downpayment assistance for qualified first-time homebuyers.
HUD’s Home Investment Partnership Program