Grants and Loans

The City of Morganton offers grant/loan programs for the purposes of economic development and to stimulate economic activity.

Under the 1983 Amendment to the Housing and Community Development Act, recipients of Community Development Block Grant (CDBG) and HOME funds must implement activities to affirmatively further fair housing.

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The City of Morganton through the Community Development Block Grant (CDBG) Program has $22,235 available for Non-Profits acting as subrecipient to conduct activities to benefit low and moderate-income persons within the City limits of Morganton. If you are interested in submitting an application for these funds, please contact Lisa Helton at (828) 485-4281. Applications will be received until 3:00PM, Monday, September 16, 2019 at the City of Morganton Development and Design Office in City Hall. Selected applicants will be required to execute a subrecipient agreement with the City of Morganton in accordance with sub-part 570.503 CFR.

Please note that non-profits that have not received funding for the past two consecutive years will be given priority for funding in FY 2019. Community Development Staff wants to make these funds available to all qualified non-profits and provide an equal chance to receive CDBG funds to all local non-profits.

Contact Lisa Helton at (828) 485-4281 for more information.


The City of Morganton Community Development Block Grant (CDBG) Small Business Loan  Program (SBLP) is a competitive program offering both startup or expansion companies an opportunity within the City Limits of Morganton to obtain loan funds up to $75,000 upon approval and in compliance with CDBG criteria.  All businesses requesting funds between $5,000 and $30,000 must create at least one new job that meets the HUD income criteria.  All businesses requesting greater than $30,000 must be able to create a minimum of 10 new full time job positions within 1 year of funding.  51% of those jobs must be filled by individuals who fall within HUD Low to Moderate Income and Household Income criteria.  (see criteria below)


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Ten years ago the City funded a community driven planning process which married land use planning and economic development. After many decades as a textile/furniture economy, a different course for economic success was necessary. The Mission 2030 plan recognized that planning and development success for the next 20 years would require new partnerships, bold economic strategies, and public and private buy-in and participation.

The five economic strategies of Mission 2030 highlighted manufacturing growth, small business growth, tourism growth, workforce training, and a continued vibrant downtown. For a rural community to be successful and competitive today, it is not enough to attract workers, investors, and visitors – it is imperative to create an environment that attracts new residents. Morganton and Burke County have to offer a lifestyle, career opportunities and housing options that make people choose to live, work, and play here. The Development Incentive Grant is an incentive tool designed to promote and support transformative development that keeps our community moving forward and competitive. Tax exempt entities are NOT eligible.

The DIG program is a collaborative effort between the City of Morganton and Burke County that provides local developers, investors, and landowners an opportunity to request public financial support to match private funding for qualifying projects. Capital investment is one of the methods required to advance community wide long range economic and community planning goals. Financial incentives will be considered based on the size of the proposed project.

DIG funds can only be made available to those projects determined otherwise unfeasible or unachievable “but for” the combined efforts of public and private participation. The City will designate Development Incentive Grant Zones (DIG Zones) within areas of the city that were determined key economic growth areas by the Mission 2030 Plan. The objective is to encourage projects that move the economic needle within these zones. 

For more information about the DIG program, or to obtain an application, contact the Development & Design Department.

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wpcog-logoIn June of 1995, all twenty-eight (28) local governments in Alexander, Burke, Caldwell, and Catawba counties agreed to form the Unifour Consortium HOME Program, a regional body that has achieved entitlement status from the US Department of Housing and Urban Development (HUD). The City of Lenoir serves as the Lead Entity for the Unifour Consortium. The Unifour Consortium receives approximately $1.2 million annually to address regional housing issues, and these grant funds are used to provide zero-interest, forgivable loans to first-time homebuyers.

The Unifour Consortium offers a First-Time Homebuyer Assistance Program to applicants by providing loans of up to $5,000 for existing homes and up to $7,500 for new homes, to eligible first-time homebuyers. This assistance is in the form of 0% interest loan with no monthly payment. The loan funds must be used to pay the down payment or closing costs to purchase a home.

Find about more about the First-Time Homebuyer Assistance Program.

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Morganton, NC 28655 i Google Maps 16x16

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