Attention CCY Members:
 
The California Department of Housing and Community Development’s (HCD) has extended the application deadline for the Notice of Funding Availability (NOFA) for the development of affordable and supportive housing, issued on June 28, 2013. Based on further legislative analysis of AB 483 (Housing Finance - Torres), the application date for the Supportive Housing NOFA has been extended to September 25, 2013. These funds represent the remaining Propositions 1C and 46 funds available for development of affordable multifamily housing.
 
At least 40% of the units in each development funded by the supportive housing program must be set aside for specific target populations, including homeless youth. To review the summary of amendments to the NOFA click here.  Below is a summary of the MHPSH funding:
 
Multifamily Housing Program Supportive Housing (MHPSH)

• $6.7 million for multifamily rental or transitional housing


• Maximum loan per project is $3 million


• New construction for rehabilitation


• Must contain at least five supportive housing units and at least 35% of the total units must be supportive housing


• Supportive housing units must target homeless households with at least one disabled adult


• Funding is compatible with 9% tax credits

For the NOFAs, Applications, and Power-Point Presentations please click here.