Affordable Housing

Small and rural jurisdictions.

Public infrastructure projects including but not limited to housing projects, roads, sidewalks, water and sewer.

Applications are being accepted for the Multifamily Housing, Housing Infrastructure, and Community Development OTC Project until September 30, 2020, however, the program is currently oversubscribed.

$29.6 million (FY 2018/2019).

Applications are reviewed on a first-come, first-served basis and are not competitively scored. 29 out of 80 projects funded (2018).

Local public agencies and nonprofit corporations.

Predevelopment, site development, and site acquisition for development projects. Rehabilitation and acquisition and rehabilitation of site-built housing, and rehabilitation, repair, and replacement of manufactured homes. Downpayment assistance, mortgage financing, homebuyer counseling, and technical assistance for self-help.

Applications are currently being accepted through October 29, 2020.

$57 million (2020).

26 out of 107 proposals were accepted for Round 1 (2019).

Community Development Entities (CDEs). Investors receive a tax credit against their federal income-tax return in exchange for making an immediate equity investment in a CDE.

Mixed-use projects that include rental housing, commercial real estate, community facilities, industrial/distribution facilities, business financing, new construction or substantial rehabilitation, and funding in place of refinancing.

Applications are currently being accepted through November 16, 2020

Investors may claim a Federal tax credit for a total of 39% of the original investment amount over a period of seven years.

Since 1996, 511 awards, ranging from $5 – $150 million have been awarded within the State of California (2020).

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 30 years (55 years is most competitive) and that are subsidized with federal funding and/or tax-exempt bonds.

Applications are accepted on a continuous basis.

$124.9 million (2017), with a similar amount available annually. Approximately 30% of costs for affordable housing development are paid out over 10 years of tax credits and up to 15 years of tax benefits.

4% tax credits are awarded on a non-competitive basis to all projects that meet eligibility criteria. 59 out of 87 projects were awarded in Round 2 (2020).

Nonprofits or public entities serving rural areas with a population under 20,000. Funding is prioritized for high poverty or persistent poverty areas.

Transitional housing (including substance abuse recovery housing), educational and child care facilities, health care facilities, community centers, museums, libraries or public buildings, or other essential community facilities.

Applications are accepted on a continuous basis.

$100,000 – $8 million in loans.

Counties.

Acquire, design, construct, rehabilitate, or preserve permanent supportive housing for persons who are experiencing homelessness, chronic homelessness or who are at risk of chronic homelessness, and who are in need of mental health services.

Project applications for the noncompetitive funding allocation (formula funding) will be accepted on a continuous basis until February 15, 2021. Funding for the competitive program has been expended and is no longer available unless additional funding is injected into the program.

Approximately $190 million in noncompetitive formula funds. Formula funding is allocated to each county based on their 2017 homeless Point-In-Time Count with a minimum allocation per county of $500,000.

34 of 34 applicants received funding through the Round 2 competitive loan program.

Mobilehome and manufactured home owners.

Waive past due fees and taxes.

Applications are currently being accepted through December 31, 2020.

Mobilehome owners have saved more than $2 million through this program since 2017.

Funding is awarded on a non-competitive basis.

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. The most recent application cycle closed July 1, 2020. It is expected that the 2021 deadlines will be in March and July 2021.

$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. 30 projects were awarded in Round 1 (2020).

Local governments, transportation and transit agencies, nonprofit and for-profit housing developers, JPAs, K-12 schools, college and university districts, and federally-recognized Native American tribes.

Affordable housing and transportation infrastructure, including active transportation and transit projects and programs that reduce greenhouse gas emissions.

It is anticipated that the next funding round (cycle 6) will open in November 2020, with an application deadline of February 20, 2021.

$550 million is available for Round 5 (FY 2019/2020). The maximum award amount is $30 million (no more than $60 million to a single developer per funding round), with a minimum of $1 million for TOD, ICP and RIPA Project Areas.

26 out of 55 proposals funded in Round 5 (FY 2019/2020).

Affordable housing developers who have received the 4% Federal Low-Income Housing Tax Credit within 180 days of applying for this non-competitive California Low-Income Housing Tax Credit.

New construction of multifamily housing projects.

Applications for 2020 were accepted in two cycles. The first cycle closed March 9 and the second cycle closed July 1.

$500 million (2020). Beginning in 2021, up to $300 – $500 million annually.

90 out of 139 proposals were awarded (Round 1 and Round 2, 2020)

Private nonprofit organizations or units of general purpose local government

Grant funding to engage homeless individuals and families living on the street, rapidly re-house homeless individuals and families, help operate and provide essential services in emergency shelters for homeless individuals and families, and prevent individuals and families from becoming homeless.

The most recent application cycle closed in May 2020. It is anticipated that funding for the next cycle will open in February 2021.

$5 million (2020).

16 out of 31 proposals were awarded (2019).

Local governmental entities who select homeless service providers to receive the funds.

Grant funding to engage homeless individuals and families living on the street, rapidly re-house homeless individuals and families, help operate and provide essential services in emergency shelters for homeless individuals and families, and prevent individuals and families from becoming homeless.

The most recent application cycle closed in May 2020.

$6 million (2020)

18 proposals were awarded (2019)

Organization, agency, or other entity (including a public housing agency, for-profit or nonprofit entities) that is an Owner or Developer.

Acquisition and/or new construction.

The most recent application period closed July 23, 2020

$33 million in grants and loans, with a maximum of $20 million per award (2020).

10 proposals were funded (2019).

Most state and local governmental entities, nonprofits, and Federally-recognized Native American tribes serving rural areas with a population under 20,000.

Rehabilitation and preservation of affordable housing for rural, low-income homeowners and renters. Priority will be given to projects that reduce the morbidity and mortality associated with substance abuse disorders in high-risk rural communities.

The most recent application period closed in May 2020.

A total of approximately $16 million in grants and loans.

Cities and/or counties of over 250,000 that have jurisdiction over a Qualifying Infill Area. Nonprofit or a for-profit developer of a Qualifying Infill Project applying jointly with a city and/or county that has jurisdiction over a Qualifying Infill Project.

Construction of new infill development and rehabilitation of infrastructure that supports higher-density affordable and mixed-income housing including but not limited to active transportation, parks and open space, stormwater, street repair, transit, and water-related improvements.

The most recent application cycle closed in March 2020. The next round of funding is expected to be announced in November 2020.

$194 million available for Round 6 (2020). For Qualifying Infill Projects, the minimum grant award is $1 million ($500,000 for rural areas) with a maximum of $7.5 million. For Qualifying Infill Areas with over 200 units, the minimum grant award is $2 million ($1 million for rural areas). Only one application for each Capital Improvement Project will be funded per funding round.

40 proposals funded in Round 6 (FY 2019/2020)

Cities and/or counties of under 250,000 that have jurisdiction over a Qualifying Infill Area. Nonprofit or a for-profit developer of a Qualifying Infill Project applying jointly with a city and/or county that has jurisdiction over a Qualifying Infill Project.

Construction of new infill development and rehabilitation of infrastructure that supports higher-density affordable and mixed-income housing including but not limited to active transportation, parks and open space, stormwater, street repair, transit, and water-related improvements.

Applications were accepted on an over-the-counter basis as of March 2020, however, all funds have been exhausted.

$85 million available for Round 6 (2020). For Qualifying Infill Projects, the minimum grant award is $1 million ($500,000 for rural areas) with a maximum of $7.5 million. For Qualifying Infill Areas with over 200 units, the minimum grant award is $2 million ($1 million for rural areas). Only one application for each Capital Improvement Project will be funded per funding round.

21 proposals funded in Round 6 (FY 2019/2020)

Local and regional 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 Junior Accessory Dwelling Units.

The most recent application period closed in August 2020.

$57 million was available in 2020.

The most recent award list available is from 2015 where 7 applications were awarded funding.

For-profit organizations, nonprofits, and public agencies.

Loans for mixed-income rental housing with unit restrictions between 30% and 120% of the area median income.

The most recent application period closed in April 2019. The next funding round will be announced in Fall 2020.

$40 million (2019). 15%, or approximately $30-$45 million in proceeds from the Building Jobs and Homes Act (SB 2) is allocated on an annual basis. The program may receive additional funding from the California Low-Income Housing Tax Credit, up to $200 million on an annual basis beginning in 2020.

Individuals, public agencies, nonprofits, for-profit entities, and Native American reservations and rancherias.

Affordable multifamily rental and transitional new construction, acquisition, rehabilitation, and conversion housing developments.

The most recent application period closed on September 15, 2020.

$175 million in loans available for Round 3 (2020), with a maximum of $20 million per loan.

24 out of 63 proposals funded (2020).

Entitlement and non-entitlement local government agencies and local and regional housing trust funds.

The predevelopment, development, acquisition, rehabilitation, and preservation of multifamily, residential live-work, rental housing that is affordable to extremely low-, very low-, low-, or moderate-income households, homeownership opportunities, accessory dwelling units, assisting persons who are experiencing or at risk of homelessness, accessibility modifications, and efforts to acquire and rehabilitate foreclosed or vacant homes and apartments.

The most recent application period closed July 27, 2020

$195 million for the current FY 2019/2020.

This program provides formula funding. See Appendix A of the guidelines for formula amounts by jurisdiction.

Cities and counties.

Update planning documents and processes that streamline housing approvals and accelerate housing production including but not limited to updates to general plans, community plans, specific plans, zoning ordinances, local planning related to implementation of sustainable communities strategies, or local coastal plans, certain environmental analyses, workforce housing opportunity zones (SB 540), zoning and rezoning projects, and infrastructure financing plans.

The most recent application deadline closed in December 2019.

Funding will be available for one round for approximately $123 million, with a maximum award amount between $160,000 and $625,000 (depending on population of jurisdiction) and a minimum award amount of $25,000.

Individuals, nonprofits, for-profit entities, and governing bodies of Native American reservations or rancherias.

New construction or rehabilitation of a multifamily rental housing development, conversion of a nonresidential structure to a multifamily rental housing development, refinancing to retain affordable rents, child care and other social services. Rental units but be permanently affordable.

The most recent application period closed in February 2019. The next funding round has not yet been announced.

$77 million (FY 2018/2019), with a maximum of $20 million per award.

17 out of 20 proposals funded (FY 2018/2019).

CBOs, local governments, nonprofits (including coalitions of associations), philanthropic organizations and foundations, faith-based organizations, community development finance institutions, community development corporations, JPAs, and Native American tribal governments. There must be a minimum of one lead applicant, in addition to co-applicants.

Applicants must implement at least three projects associated with the following strategies: equitable housing and neighborhood development, affordable housing land acquisition, transit access and mobility, solar installation and energy efficiency, water efficiency, recycling and waste management, urban greening and green infrastructure, land conservation, health and well-being. The list of eligible activities and fundable elements are defined in Appendix B of the Round 3 Program Guidelines.

The most recent application period closed in March 2020. Typically, funding is available on an annual basis. However, the next funding round has not yet been announced.

$56.4 million total for two grant awards of $28.2 million for Round 3 (FY 2019/2020).

3 out of 4 proposals funded in Round 3 (2019/2020).

CBOs, local governments, nonprofits (including coalitions of associations), philanthropic organizations and foundations, faith-based organizations, community development finance institutions, community development corporations, JPAs, and Native American tribal governments. There must be a minimum of one lead and two co-applicants.

Planning activities for capacity-building, policies and codes, fiscal analyses and studies and community engagement that directly benefit low-income or disadvantaged communities.

The most recent application period closed in February 2020. Typically, funding is available on an annual basis. However, the next funding round has not yet been announced.

$600,000 for three grant awards for Round 3 (FY 2019/2020), with a maximum of $200,000 per award.

4 out of 7 proposals funded in Round 2 (FY 2018/2019).

Developers for Rental Housing Development Projects, cities, and transit agencies for Infrastructure Projects.

A Rental Housing Development Project; and/or an Infrastructure Project necessary for the development of specified Housing Developments, or to facilitate connections between these Developments and the Transit Station.

The most recent application period closed in July 2020.

$141 million (2020). Maximum Loan amount is $10 Million. Maximum Grant Amount is $5 Million.

The most recent award list available is from 2014 where 26 applicants were awarded funding.