In 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.