
Senior Rent Relief Program
The enrollment period for the Senior Rent Relief Program has ended. The program is scheduled to sunset on June 30, 2025.
The Senior Rent Relief Program is a rental assistance program for seniors age 55 and older, earning 40% AMI or less who have a 10% increase in rent living in Cornelius, NC. The program is in response to the continued rises in rental rates seniors are facing in our community. The program is a limited fund with no renewal. Qualified participants will receive 50% of their rent increase experienced between April 1, 2024 and December 1, 2024 with a maximum of assistance payment of $75 per month. The rental assistance will conclude July 1, 2025 – the last rental assistance payment by the Lake Norman CDC will be made in June 2025 for July rent. Applicants must meet the program eligibility guidelines.
Program Eligibility
a) Applicants must be single or married households of persons 55+ earning 40% AMI or less which is less than $29,700 annually.
b) If single, only one renter may apply per unit.
c) Applicants must be able to show proof of residency in their current unit in Cornelius, NC no later than January, 2023.
d) Applicants must not be in arrears in their current rent payment.
e) Applicants must be able to provide proof of rent increase of 10% or more between April - December 2024.
f) Applicants must provide a signed release waiver from the Property Owner allowing the Lake Norman CDC to verify rental information.
g) The Property Owner must be willing to receive a rental assistance payment from the Lake Norman CDC and provide the Lake Norman CDC a current W9. No checks will be written to an individual renter.
Application Information
The enrollment period for the Senior Rent Relief Program has ended. The program is scheduled to sunset on June 30, 2025.