Notice of Funding Availability (NOFA) for approximately $43.5 million in Article I National Housing

The California Department of Housing and Community Development (HCD) has just released the Housing for a Healthy California program Notice of Funding Availability webinar and Frequently Asked Questions.

Background:

The goal of the Housing for a Healthy California program is to reduce the overutilization of emergency departments, inpatient care, nursing home stays, and use of corrections systems and law enforcement resources for people who are experiencing homelessness or chronic homelessness and a high-cost health user.


This NOFA makes funding available competitively to developers in all jurisdictions of California. The Department will set-aside at least 20 percent of the funding for projects

located in Rural Areas, as noted in the NHTF allocation plan. If the rural set-aside is not utilized, then the 20 percent of the funding is re-allocated to the entire allocation; it is not rolled over into future funding rounds. HHC assistance provided as post-construction permanent loans shall have an initial term of 55 years or longer to match the period of affordability restrictions under the tax credit program, commencing on the date of recordation of the HHC loan documents.


Award limits: The maximum loan limit per Applicant is $20 million. The limit on the amount that can be used for the COSR will be one-third of the total loan amount in accordance with 24 CFR 93.200(a)(1). Additional loan limits, including maximum per-unit loan amounts, are set forth in Guidelines Section 103, Uses and Terms and Section 108, Capitalized Operating Subsidy Reserves (COSR).

Applications are due June 25, 2020 at 5:00 p.m.

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