Department of Housing and Community Development
07/06/21 11:59 PM PDT
Grants and loans to California nonprofit organizations, government agencies, and tribes for housing projects to benefit agricultural workers. Multifamily rentals and single-family occupations are eligible. Priority is given to projects that benefit lower-income households. The purpose of this program is to finance the new construction, rehabilitation, and acquisition of owner-occupied and rental units for agricultural workers, with a priority for lower income households.
This NOFA provides grants, deferred-payment loans, or a combination thereof, for the construction and rehabilitation of housing for agricultural workers and their families.
Program Requirements can be found at https://www.hcd.ca.gov/grants-funding/active-funding/fwhg/docs/2.round_2_serna_nofa_final.pdf#page=6.
Eligible Activities can be found at https://www.hcd.ca.gov/grants-funding/active-funding/fwhg/docs/2.round_2_serna_nofa_final.pdf#page=7
GrantWatch ID#: 194932
Dependant on number of submissions received, application process, etc.
1. For a Rental Housing Development, the loan amount is limited to the sum of:
a. A base amount per assisted unit, as defined by §7202(f), plus
b. The amount per assisted unit required to reduce rents from 30 percent of 60 percent of AMI to the actual maximum restricted rent for the unit, assuming that the rent reduction will be achieved by substituting program funds for private amortized debt and calculated by the Department based on private market multifamily rental loan terms available at the time of issuance of each NOFA.
The initial base amount shall be $95,000 per assisted unit utilizing 9 percent tax credits, $175,000 per assisted unit utilizing 4 percent tax credits or no tax credits in a new construction project located in a “High Resource” or “Highest Resource” area on the TCAC/HCD Opportunity Map, and $150,000 per other assisted unit utilizing 4 percent tax credits or no tax credits.
2. For a single-family new construction project, the grant amount is limited to $150,000 per assisted unit; and
3. For owner-occupied rehabilitation, the grant amount is limited to $75,000 per assisted unit.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
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