Affordable Housing

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.

Integrated land use and transportation projects supporting low-carbon transportation options, including affordable housing, active transportation and transit projects and programs that reduce greenhouse gas emissions.

It is anticipated that the next funding round (cycle 6) will open on November 18, 2020, with an application deadline of February 23, 2020 at 11:59 pm PDT.

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).

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.

The most recent application cycle was run on an over-the-counter basis and closed Summer 2020. The next round of funding is expected to be announced November 2020.

$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

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 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.

The most recent application cycle closed in October 2020.

$57 million (2020).

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

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)

Small and rural jurisdictions.

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

The most recent application period closed on September 30, 2020.

$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).

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.

$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. It is anticipated that funding for the next cycle will open in February 2021.

$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.

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 Junio 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.

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).

Applicants must be eligible FTA grantees as of September 25, 2020. Applicants must either be the project sponsor of an eligible transit capital project or an entity with land use planning authority in an eligible transit capital project corridor. Only one application per transit capital project corridor may be submitted to FTA.

Plans which integrate new fixed guideway or core capacity transit capital investments into land use and transportation plans. The plan must also examine economic development and ridership, foster multimodal connectivity and accessibility, improve transit access for pedestrian and bicycle traffic, enable mixed-use development near transit stations, and meet other requirements.

The most recent application cycle closed in October 2020.

$6.2 million (2020). Award amounts range from $250,000 to $2,000,000.

24 projects were accepted in 2019. 3 of the projects were in California.

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.

Funding is typically available on an annual basis. The most recent application period closed in March 2020.

$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.

Funding is typically available on an annual basis. The most recent application period closed in February 2020.

$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.