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HB 994NORTH CAROLINASession 2025State Billin committee

High Impact

North Carolina appropriates $21.3 million for Western NC recovery and economic development

Original title: Western NC Support; Expand Comm. Eco. Dev.

Last action · April 14, 2025: Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House (House action)Sponsors: Zack Hawkins and 8 others

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Introduced

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Floor Vote

Passed

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What This Bill Would Do

North Carolina appropriates $20.3 million in and $1 million in for the 2025-2026 to the National Institute of Minority Economic Development to fund housing recovery, women's business centers, and community economic development starting July 1, 2025.

Why it matters

Directs state funds toward Hurricane Helene residential housing recovery, matching federal disaster aid, and expanding small business and community development programs across Western North Carolina and other regions.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

National Institute of Minority Economic Development

Receives $21.3 million in state appropriations to manage and distribute for economic development, business centers, and disaster recovery.

Directly affected

residents in western North Carolina whose primary residence was damaged because of Hurricane Helene

Eligible for long-term residential housing recovery assistance funded by the measure.

Directly affected

Community Development Corporations

Eligible to receive a portion of $5 million to expand community economic development services.

Key Facts

Appropriates $20,300,000 in nonrecurring funds from the General Fund to the National Institute of Minority Economic Development for the 2025-2026 fiscal year.
Allocates $10,000,000 to assist western North Carolina residents whose primary residence was damaged by Hurricane Helene with long-term residential housing recovery.
Allocates $5,000,000 to Community Development Corporations and communities without CDCs to expand community economic development services.
Allocates $5,000,000 for the Institute Capital (I-CAP) institution for funding activities in the State.

Show all 7 facts

Allocates $300,000 to provide programming support for three women's business centers in western North Carolina, the Triad, and the Piedmont.
Appropriates $1,000,000 in recurring funds for the 2025-2026 fiscal year for housing recovery, federal disaster-recovery state match funding, and technical assistance.
Sets an effective date of July 1, 2025.

Frequently Asked Questions

How much total funding does this bill appropriate?

The bill appropriates $20,300,000 in and $1,000,000 in for the 2025-2026 , totaling $21,300,000.

Who receives the appropriated funds?

The funds are appropriated to the National Institute of Minority Economic Development, a nonprofit corporation.

What portion of the funds goes toward Hurricane Helene housing recovery?

$10,000,000 of the is allocated to assist residents in western North Carolina whose primary residence was damaged because of Hurricane Helene.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

3 actions

Apr 14, 2025House
Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House
Apr 14, 2025House
Passed 1st Reading
Apr 10, 2025HouseIntroduced
Filed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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