A BILL TO BE ENTITLED
AN ACT to establish the home modification grant fund within the housing finance agency to provide grants to retrofit existing homes for accessibility and universal visitability.
The General Assembly of North Carolina enacts:
SECTION 1.  Chapter 122E of the General Statutes is amended by adding a new section to read:
"§ 122E‑10.  Home Modification Grant Fund.
(a)	Grant Fund Established. – The Home Modification Grant Fund is established as a nonreverting special fund within the Housing Finance Agency. The Agency is responsible for administering the Grant Fund pursuant to this section. The Grant Fund may receive funds appropriated by the General Assembly and any gifts, grants, or donations from any public or private sources.
(b)	Purposes. – Funds in the Home Modification Grant Fund shall be used to provide grants to individuals for the purpose of reimbursing for the cost of modifying or retrofitting an existing home for accessibility and universal visitability. Grants from the Grant Fund shall be awarded upon application to the Agency which shall include supporting documentation. The amount of any single grant award shall be up to seven thousand five hundred dollars ($7,500)."
SECTION 2.  There is appropriated from the General Fund to the Home Modification Grant Fund established in Section 1 of this act the sum of five hundred thousand dollars ($500,000) in nonrecurring funds for the 2019‑2020 fiscal year to be used in accordance with G.S. 122E‑10.
SECTION 3.  This act becomes effective July 1, 2019.