Affordable Housing

SB 2: Housing Planning Grants & Technical Assistance Program – California Department of Housing and Community Development
Who is Eligible

Cities and counties.

What it Funds

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.

When to Apply

Applications will be accepted on a continuous basis, ending November 30, 2019.

Available Funds

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.

Award Size


Small

Level of Effort to Apply


Low to Medium

Competitiveness
To be determined
4% Federal Low-Income Housing Tax Credits for Affordable Rental Housing – California Tax Credit Allocation Committee
Who is Eligible

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.

What it Funds

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.

When to Apply

Applications are accepted on a continuous basis.

Available Funds

$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.

Award Size


Large

Level of Effort to Apply


High

Competitiveness

4% tax credits are awarded on a non-competitive basis to all projects that meet eligibility criteria.

California Low-Income Housing Tax Credits for Affordable Rental Housing – California Tax Credit Allocation Committee
Who is Eligible

Projects that 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.

What it Funds

New construction of multifamily housing projects.

When to Apply

Applications will be accepted beginning in November 2019, with awards announced in January 2020.

Available Funds

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

Award Size


Large

Level of Effort to Apply


Low to Medium

Competitiveness
To be determined
9% Federal Low-Income Housing Tax Credits for Affordable Rental Housing – California Tax Credit Allocation Committee
Who is Eligible

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.

What it Funds

New construction and rehabilitation projects that will remain affordable for a minimum of 55 years and that are not federally subsidized.

When to Apply

Applications are accepted twice annually.

Available Funds

$106.7 million (2018), 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.

Award Size


Large

Level of Effort to Apply


High

Competitiveness

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.

New Market Tax Credit Program – US Department of the Treasury Community Development Financial Institutions Fund
Who is Eligible

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.

What it Funds

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.

When to Apply

Applications are currently being accepted, with a deadline of October 28, 2019.

Available Funds

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

Award Size


Medium to Large

Level of Effort to Apply


Medium to High

Competitiveness

Since 1996, 122 awards, ranging from $5 – $150 million have been awarded within the State of California.

Affordable Housing and Sustainable Communities Program – Strategic Growth Council
Who is Eligible

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.

What it Funds

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

When to Apply

Applications are currently being accepted, with applications due February 11, 2020.

Available Funds

$550 million is available in the current funding 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.

Award Size


Medium to Large

Level of Effort to Apply


High

Competitiveness

25 out of 47 proposals funded (FY 2018/2019).

Community Facilities Fund – Rural Local Initiatives Support Corporation
Who is Eligible

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

What it Funds

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.

When to Apply

Applications are accepted on a continuous basis.

Available Funds

$100,000 – $8 million in loans.

Award Size


Small, Medium, and Large

Level of Effort to Apply


Medium

Competitiveness
To be determined
Housing Preservation Grants – United States Department of Agriculture Rural Development
Who is Eligible

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

What it Funds

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.

When to Apply

The most recent application period closed July 2019.

Available Funds

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

Award Size


Medium to Large

Level of Effort to Apply


High

Competitiveness
To be determined
Infill Infrastructure Grant Program – California Department of Housing and Community Development
Who is Eligible

Cities and/or counties 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.

What it Funds

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.

When to Apply

Round 6 program guidelines were released on July 30, 2019. Therefore, we anticipate that the Notice of Funding Availability (NOFA) will be released sometime in late 2019.

Available Funds

Round 6 (FY 2019/2020): Approximately $50 million per funding round. For Qualifying Infill Projects, the minimum grant award is $1 million ($500,000 for rural areas) with a maximum of $7.5 million. 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.

Award Size


Small, Medium, and Large

Level of Effort to Apply


High

Competitiveness
To be determined
Mixed-Income Loan Program – California Housing Financing Agency
Who is Eligible

For-profit organizations, nonprofits, and public agencies.

What it Funds

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

When to Apply

The most recent application period closed in April 2019.

Available Funds

$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.

Award Size


Medium to Large

Level of Effort to Apply


High

Competitiveness
To be determined
Multifamily Housing Program – California Department of Housing and Community Development
Who is Eligible

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

What it Funds

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

When to Apply

Applications for the current funding round (Round 1) are due August 20, 2019.

Available Funds

Approximately $250 million in loans (2019/2020), with a maximum of $20 million per loan.

Award Size


Large

Level of Effort to Apply


High

Competitiveness

As this is the first cycle for the Multifamily Housing Program, information regarding competitiveness is currently unavailable.

No Place Like Home Program – California Department of Housing and Community Development
Who is Eligible

Counties.

What it Funds

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.

When to Apply

Project applications for the noncompetitive funding allocation will be accepted on a continuous basis until February 15, 2021. The most recent competitive application period closed January 2019.

Available Funds

Approximately $200 million in competitive loans were available for Round 1 (closed in January 2019), with a total of $1.8 billion through multiple funding rounds. Approximately $190 million in noncompetitive formula funds are available through February 2021.

Award Size


Medium to Large

Level of Effort to Apply


High

Competitiveness

45 of 45 applicants received funding through the competitive loan program. However, the total funds requested was greater than funds available, or roughly $194 million funds requested versus $178 million available.

State Community Development Block Grant (CDBG) Program for Non-Entitlement Jurisdictions – California Department of Housing and Community Development
Who is Eligible

Small and rural jurisdictions.

What it Funds

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

When to Apply

The most recent funding cycle closed in February 2019.

Available Funds

$29.6 million (FY 2018/2019).

Award Size


Small, Medium, and Large

Level of Effort to Apply


Medium to High

Competitiveness

62 projects funded in 2016.

Supportive Housing Multifamily Housing Program – California Department of Housing and Community Development
Who is Eligible

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

What it Funds

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.

When to Apply

The most recent application period closed February 2019.

Available Funds

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

Award Size


Medium to Large

Level of Effort to Apply


High

Competitiveness

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

Transformative Climate Communities Program Implementation Grant – Strategic Growth Council
Who is Eligible

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.

What it Funds

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.

When to Apply

Guidelines will be finalized in October 2019. All applicants must submit an intent to apply and request for technical assistance, due November 30 with the application deadline February 28, 2020.

Available Funds

Two grant awards of $28.2 million each for Round 3 (FY 2019/2020).

Award Size


Large

Level of Effort to Apply


High

Competitiveness

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

Transformative Climate Communities Program Planning Grant – Strategic Growth Council
Who is Eligible

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.

What it Funds

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

When to Apply

Application due dates will be announced in September 2019, with the application deadline likely in October 2019.

Available Funds

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

Award Size


Small

Level of Effort to Apply


Medium

Competitiveness

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

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