# What is the North Carolina Housing Finance Agency

By Christie Latham (@christielatham) · Published 2026-08-25

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The **North Carolina Housing Finance Agency (NCHFA)** is a self-supporting public agency created in 1973 to provide affordable housing opportunities for North Carolinians whose needs are not met by the market. Contrary to common belief, it is not funded by tax dollars; instead, it operates using funds from the sale of tax-exempt bonds and the management of federal tax credit programs.

**Homebuyers:** It offers down payment assistance (often up to $15,000 or more) and competitive fixed-rate mortgages (NC Home Advantage Mortgage™) specifically designed for first-time and move-up buyers.