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  • Caroline Winter

CA Dept. of Housing and Community Development - Multifamily Finance Super NOFA. Deadline: 6/28/22

Opportunity Title:

2022 Multifamily Finance Super NOFA



Description:

The California Department of Housing and Community Development (HCD) is pleased to announce publication of the Multifamily Finance Final Guidelines and Notice of Funding Availability (Super NOFA). The Multifamily Finance Super NOFA and its applicable guidelines are intended to advance the state’s goal of creating 2.5 million homes by 2030 according to the 2022 Statewide Housing Plan. Multifamily Finance Super NOFA makes our multifamily housing funds accessible to more developers and communities, more equitable in serving the lowest-income Californians, and more targeted to achieve better outcomes in health, climate, and household stability. The Super NOFA streamlines our multifamily programs into a single application process consistent with the requirements of Assembly Bill 434.



Eligibility:

Multifamily Housing Program

Sponsors or their principals must have successfully developed at least one affordable housing project:

  • Individual

  • Joint Venture

  • Partnership

  • Limited Partnership

  • Trust

  • Corporation

  • Limited Liability Company

  • Local Public Entity

  • Duly constituted governing body of an Indian reservation or Rancheria, or

  • Other legal entity

  • Organized on a for-profit, including limited profit, or nonprofit basis

*A Sponsor is an Applicant.


Veterans Housing and Homelessness Prevention Program

A Sponsor is the Applicant for the award, the entity that HCD relies upon for experience and capacity, and which controls the Project during development and occupancy. In a Project with multiple layers of ownership, the Sponsor cannot have more than two corporate entities between itself and the borrowing entity. A corporate entity is defined in the California Code of Regulations (CCR), Title 25, Section 8313.2(a)(3) of the 2017 Uniform Multifamily Regulations (2017 UMRs). Sponsors and Borrowers may be forprofit or not-for-profit entities. Any public agency or private entity capable of entering into a contract is eligible to apply


Joe Serna Jr. Farmworker Housing Grant Program

Local government agencies, nonprofit corporations, cooperative housing corporations, limited partnerships where all the general partners are nonprofit mutual or public benefit corporations, and federally-recognized Indian tribes.

(Multifamily/Rental) Eligible beneficiaries of the funds are households who derive, or prior to retirement or disability derived, 50% or more of the combined household income from agricultural employment.

(Single Family/Homeowner) Eligible beneficiaries of the funds are households with at least one person who derives, or prior to retirement or disability derived, a substantial portion of his or her income from agricultural employment.


Infill Infrastructure Grant Program

Eligible Applicants means one of, or any combination of, the following:

(1) A nonprofit or for-profit Developer of a Qualifying Infill Project;

(2) A city, county, city and county, or public housing authority, or redevelopment agency that has jurisdiction over a Qualifying Infill Area;

(3) A city, county, city and county, public housing authority, or redevelopment agency that has jurisdiction over a Qualifying Infill Area applying jointly with an “owners’ association,” as defined in the Street and Highways Code section 36612 for a business or property improvement district that includes the Qualifying Infill Area;

(4) The duly constituted governing body of an Indian reservation or rancheria that has jurisdiction over a Qualifying Infill Area or a Tribally Designated Housing Entity that is the Developer of a Qualifying Infill Project.



Award Details:

The Super NOFA offers an opportunity to apply for up to four HCD funding sources simultaneously and includes approximately $650 million in total available funding as follows:

  • Multifamily Housing Program - $275 million

  • Veterans Housing and Homelessness Prevention Program - $95 million

  • Joe Serna Jr., Farmworker Housing Grant Program - $80 million

  • Infill Infrastructure Grant Program - $200 million



Application Deadline:

June 28, 2022



Opportunity Link



Grant Management Associates has years of experience with opportunities like this one. Contact us today for a consultation.

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