9% Federal Low-Income Housing Tax Credits for Affordable Rental Housing – California Tax Credit Allocation Committee
Deadline: April 25, by 5:00 pm
Affordable housing developers can apply to the program. Investors receive a tax credit in exchange for providing the developer with an immediate investment in the affordable housing project.
New construction and rehabilitation projects that will remain affordable for a minimum of 55 years and that are not federally subsidized.
Applications are accepted twice annually. Applications for Round 1 have a deadline of Tuesday, April 25, by 5:00 pm. Applications for Round 2 will be due Tuesday, August 8, by 5:00 pm.
$98.6 million (2020), with a similar amount available annually. Approximately 70% of eligible costs for affordable housing development are paid out over 10 years of tax credits and up to 15 years of tax benefits.
9% tax credits are highly-competitive with more eligible applicants than available funding. Therefore, award recipients are determined in large part using a tie-breaker formula. 28 out of 60 were awarded in Round 1; 55 out of 103 applications were awarded in Round 2 (2021).
Local Housing Trust Fund Program – California Department of Housing and Community Development
Deadline: May 17, 2023, at 4:00 p.m.
Local, regional, and tribal housing trust funds.
Predevelopment, acquisition, and other costs associated with development or rehabilitation of Affordable rental housing projects. Emergency Shelters, Permanent Supportive Housing, Transitional Housing, and Affordable Homeownership Projects or Units within a Homeownership Project, and the construction, repair, and reconstruction or rehabilitation of Accessory Dwelling Units or Junio Accessory Dwelling Units.
Applications for the current funding cycle have a deadline of May 17, 2023, at 4:00 p.m.
Approximately $53 million is available in the current funding cycle (2023).
Small to Medium
18 out of 24 proposals were awarded (2021), for a total of $56.7 million.
Transformative Climate Communities Program Planning Grant – Strategic Growth Council
Deadline: August 1, 2023, by 5:00 pm PST.
Community-based organizations, local governments, California Native American Tribes, nonprofit organizations (including coalitions and associations), philanthropic organizations and foundations, faith-based organizations, community development finance institutions, community development corporations, joint powers authorities, and councils of government.
Planning activities for capacity-building, policies and codes, fiscal analyses and studies and community engagement that directly benefit low-income or disadvantaged communities.
Funding is typically available on an annual basis. To be considered for the Round 5 TCC Planning Grant awards, applicants must complete an Application Initiation Form by July 3, 2023. All applicants who submit the form by the appropriate deadline are eligible to apply and should proceed with the application process without waiting for additional communication from SGC.
Final Applications have a deadline of August 1, 2023, by 5:00 pm PST.
$900,000 is available in Round 5.
Small to Medium
Medium to High
4 out of 7 proposals funded in Round 2 (FY 2018/2019).
Homekey – California Department of Housing and Community Development
Deadline: July 28, 2023
Local public entities, including cities, counties, or other local public entities, including housing authorities or tribal governments.
The state will make funding available to public entities to develop a broad range of housing types, including but not limited to hotels, motels, hostels, single-family homes and multifamily apartments, adult residential facilities, and manufactured housing, and to convert commercial properties and other existing buildings to Permanent or Interim Housing for the Target Population.
Applications for Round 3 are currently being accepted with a deadline of July 28, 2023.
Approximately $736 million is available in the current funding cycle.
Small, Medium, and Large
As of October 2020, $627 million has been awarded to 45 applicants and 71 projects, totaling 4,646 affordable housing units.
ICARP Regional Resilience Implementation Grant Program – Governor’s Office of Planning and Research
Deadline: September 2023
Local public entities, California Native American tribes, and community-based organizations.
Capacity-building, implementation of state, regional, or local adaptation strategies or planning documents that address climate risk, and other implementing projects that address various climate risks (e.g., drought, extreme heat events, flood, increasing temperatures, sea level rise, and wildfire).
The Round 1 Final Guidelines and Application will be released on June 13, 2023. The application will be open for about 3 months. Those interested in applying can submit the RRGP Intent to Apply Survey to access assistance.
A total of $8.8 million is available in Round 1, with awards ranging between $800,000 and $3 million.
Low to Medium
Reconnecting Communities: Highways to Boulevards (RC:H2B) Pilot Program – Construction Capital Grants – California Department of Transportation (Caltrans)
Deadline: Late Summer/Early Fall 2023
Local, Regional, or State Transportation Agencies, Joint Powers Authority, and Tribal Governments
Conversion of key underutilized highways in the State into multi-modal corridors to reconnect communities divided by transportation infrastructure.
The next call for applications will be released in Late Spring/Early Summer 2023, with applications due Late Summer/Early Fall 2023. Awardees will be notified in Late 2023/Early 2024.
$111.75 million is available in FY 22/23.
Reconnecting Communities: Highways to Boulevards (RC:H2B) Pilot Program – Planing Grants – California Department of Transportation (Caltrans)
Deadline: Late Summer/Early Fall 2023
Non-profits, community-based or Faith-based Organizations, Coalition or Associations of Non-profits, Local Agencies, Regional Agencies, Joint Powers Authority, Tribal Governments, and Transit Agencies.
Plan for the conversion of key underutilized highways in the State into multi-modal corridors to reconnect communities divided by transportation infrastructure, through community engagement, planning studies, needs assessments, project plans, and cesign cocuments, environmental review, early action implementation plans, the establishment of a community land trust.
The next call for applications will be released in Late Spring/Early Summer 2023, with applications due in Late Summer/Early Fall 2023.
$37.25 million is available in FY 22/23.
Golden State Acquisition Fund – (GSAF)
Nonprofit or for-profit corporations, cities, counties, and other public agencies within California, and joint ventures.
Loans to developers for acquisition or preservation of affordable housing.
Applications are accepted on a continuous basis.
The Golden State Acquisition Fund (GSAF) is a $93 million flexible, low-cost financing program. Loans are up to 5 years and a maximum of $13.95 million.
To date, the GSAF loans have supported 18 projects across the state and created or preserved more than 1,490 housing units.