CA Multifamily Housing Program (MHP)
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Assist the new construction, rehabilitation and preservation of permanent and transitional rental housing for lower income households.
Senate Bill 3 (Chapter 365, Statues 2017) authorized the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1). This measure was adopted by voters on November 6, 2018. It authorizes the issuance of bonds in the amount of $1.5 billion for the Multifamily Housing Program (MHP). California Department of Housing and Community Development (HCD) has developed draft MHP guidelines and is seeking feedback from stakeholders and interested parties.
Deferred payment loans with a 55-year term; 3 percent simple interest on unpaid principal balance, except under certain conditions. Payments at 0.42 percent are due annually with the balance of principal and interest due and payable upon completion of loan term.
New construction, rehabilitation, or acquisition and rehabilitation of permanent or transitional rental housing, and the conversion of nonresidential structures to rental housing. Projects are not eligible if construction has commenced as of the application date, or if they are receiving 9 percent federal low-income housing tax credits.
MHP funds will be provided for post-construction permanent financing only. Eligible costs include the cost of child care, after-school care, and social service facilities integrally linked to the assisted housing units; real property acquisition; refinancing to retain affordable rents; necessary on-site and off-site improvements; reasonable fees and consulting costs; and capitalized reserves.
Local public entities, for-profit and nonprofit corporations, limited equity housing cooperatives, individuals, Indian reservations and Rancherias, and limited partnerships in which an eligible applicant or an affiliate of an applicant is a general partner. Applicants or their principals must have successfully developed at least one affordable housing project.
Guidelines and Regulations
June 19, 2019 Final Guidelines (PDF) - Revised 7/16/19
2019 Round 1 MHP Final Guidelines – Tracked changes (PDF)
Revisions to 2019 Round 1 MHP Final Guidelines (PDF) — Made after receipt of public comments.
Summary of Comments and Responses (PDF)
2005 MHP Regulations (PDF) — Applicable to 2013 and 2015 NOFAs. Not applicable to Proposition 1 funding.
Uniform Multifamily Regulations (UMRs)
Applications are invited through the issuance of Notices of Funding Availability (NOFAs).
New! July 2020 MHP NOFA (PDF)
New! MHP Application (XLS)
Financial Assistance Application Tool (FAAST) Opens in New Window
Financial Assistance Application Tool (FAAST) Instructions for MHP (PDF)