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Loans to California Nonprofits, For-Profits, Tribes, and Individuals for Housing Projects to Benefit Low-Income Residents

Multifamily Finance Super NOFA - Multifamily Housing Program (MHP)


Agency
State

GrantWatch ID#
134849

Funding Source
California Department of Housing and Community Development (HCD)
Array ( )

Geographic Focus
USA: California

Important Dates
Deadline: 07/12/23 4:00 PM PDT Save

Grant Description
Loans to California nonprofit organizations, for-profit organizations, Tribal entities, and individuals for affordable housing projects that benefit low-income residents. Funding is intended for maintenance, rehabilitation, and new construction activities. Eligible projects serve seniors, large families, individuals with special needs, and at-risk populations. Program funds shall be used for post-construction, permanent financing only.

The Multifamily Housing Program (MHP) provides loans to assist the new construction, rehabilitation, and conversion of permanent and transitional rental housing for Lower-Income households.

For information about qualifying project types, see: https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/SuperNOFA/mhp-guidelines.pdf#page=6

For additional requirements, see: https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/SuperNOFA/mhp-guidelines.pdf#page=16

For information about eligible uses of funds, see: https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/SuperNOFA/mhp-guidelines.pdf#page=19




Recipient

Additional Eligibility Criteria
An Applicant is the entity or entities applying to the Department for the Program funding. Such entity or entities may also be the Sponsor. If receiving an Award of funds, the Applicant or co-Applicants will, both individually and collectively, be referred to as the “Recipient” in the Department’s legal documents relative to an Award of a grant, or as “Sponsor” in the Department’s legal documents relative to an Award of a loan.

A Sponsor shall be any individual; joint venture; partnership; limited partnership; special purpose entity formed and controlled by the Sponsor in accordance with UMR Section 8313.2; trust; corporation; cooperative; Local Public Entity; Tribal Entity; or other legal entity; or any combination thereof; which meets the requirements here: https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/SuperNOFA/mhp-guidelines.pdf#page=14

Pre-Proposal Conference
To learn more about the application process for the Multifamily Finance Super NOFA, sign up for one of the following technical assistance workshops or virtual webinars.

June 14, 2023
9:00 a.m. to 12:00 p.m.
Los Angeles County Development Authority
700 W. Main Street
Alhambra, CA 91801
Register for June 14th Workshop: https://www.eventbrite.com/e/june-2023-multifamily-finance-super-nofa-workshop-tickets-639087276247

June 15, 2023
1:00 p.m. to 4:00 p.m.
Elihu M. Harris Building
1515 Clay Street, Room 1
Oakland, CA 94612
Register for June 15th Workshop: https://www.eventbrite.com/e/june-2023-multifamily-finance-super-nofa-workshop-tickets-639089623267

June 20, 2023
1:00 p.m. to 4:00 p.m., Online
Register for June 20th Workshop: https://www.eventbrite.com/e/june-2023-multifamily-finance-super-nofa-workshop-tickets-639080556147

Pre-Application Information
Timeline:
- NOFA Release: May 18, 2023
- Application Release: June 1, 2023
- Application Portal opens: June 1, 2023
- Application Due Date: July 12, 2023, by 4:00 p.m. PDT
- Award Announcement: Winter 2023/2024

Final Program Guidelines: https://www.hcd.ca.gov/grants-and-funding/supernofa/final-program-guidelines

For technical assistance: https://www.hcd.ca.gov/grants-and-funding/supernofa/pre-application-consultation

Additional Funding Information

Estimated Total Program Funding:

$236,000,000

Estimated Size of Grant
The initial per unit base loan amount shall be the following when the Project meets the threshold requirements:
• $250,000 per Assisted Unit (Restricted Unit for MHP), or
• $300,000 per FWHG or VHHP Assisted Unit.

For maximum loan amounts see Page 22 of the MHP Guidelines in Supporting Documents, below

Term of Contract
Loans have a 55-year term

Contact Information
Register and apply online: https://calhcd.service-now.com/csp?id=sc_cat_item&sys_id=bcdde59747c1611062339362736d436b&referrer=popular_items

Technical assistance can be requested by emailing SuperNOFA@hcd.ca.gov. Please include “Pre-Application Technical Assistance Request” in the subject line to assist staff in responding to your request.

California Department of Housing & Community Development
2020 West El Camino Avenue
Sacramento, CA 95833

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