Since 1987, Bob Kucab has led the North Carolina Housing Finance Agency (NCHFA) and through his life’s work has made an impact on thousands of North Carolina families. Bob announced his retirement last year and has been succeeded by Scott Farmer, himself a 17 year veteran of the agency.
During Bob’s tenure, NCHFA assisted 86,000 North Carolinians in purchasing homes and financed the construction or rehabilitation of 82,000 high quality affordable apartments for seniors and working families. If that weren’t enough, the agency also provided 4,300 units of housing for low income persons with disabilities, 38 domestic violence shelters and urgent repairs for 31,000 homeowners. NCHFA also has helped 30,000 North Carolina families avoid foreclosure, preserving more than $4 billion in community property values.
Financially, NCHFA has provided more than $14 billion in real estate activity, supporting almost 200,000 jobs and generating $1.6 billion in tax revenue. The agency has kept its operating costs below 2% of financing acidity and maintained its AA bond rating.
Now that’s some impact! North Carolina will miss Bob’s passion and skill for affordable housing. Thanks so much, Bob Kucab for your tireless efforts on behalf of North Carolina citizens in need of housing!