Mosaic Development Group, Inc.

Mosaic Development Group, Inc. is a non-profit organization that develops affordable housing, with a focus on serving low-income seniors and families in rural communities. It has been registered to receive federal awards since 2005.

Mosaic Development Group, Inc. has primarily received sub-grants from Enterprise Community Partners, Inc. to provide services related to the development and preservation of affordable housing units. These services include identifying sites for new construction, completing and submitting tax credit applications, overseeing construction and lease-up activities, and funding third-party professional services required for Low-Income Housing Tax Credit (LIHTC) applications or property refinancing. The sub-grants have supported projects such as preserving three income-restricted apartment complexes serving seniors and families in rural North Carolina communities, constructing 84 units of disaster recovery housing in New Bern, implementing three LIHTC properties (298 units) under construction in the Charlotte MSA, and refinancing a 32-unit property in Davidson, NC. Mosaic Development Group, Inc. has utilized these sub-grants to cover costs such as staff salaries, application fees, and professional services related to affordable housing development and preservation efforts, often in collaboration with state housing finance agencies like the North Carolina Housing Finance Agency (NCHFA).