Grant · State & Local
2024 LHTF NOFA Round 5
California - Department of Housing and Community Development CA
- Status Open, no deadline listed
- Amount Amount not listed
- Set-aside None (open competition)
Scope
Eligible applicants: Nonprofit; Public Agency; Tribal Government.
Estimated available funds: $53,000,000.00.
Program Funds awarded under this NOFA shall be used to provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation as well as to construct, convert, reconstruct, rehabilitate, and/or repair Accessory Dwelling Units (ADUs) or Junior Accessory Dwelling Units (JADUs).
Eligible activitiesPursuant to Guidelines, Section 105, the LHTF funds shall be allocated in compliance with all of the following: 1.
To provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation associated with Affordable rental housing projects, Emergency Shelters, Transitional Housing, Permanent Supportive Housing, homebuyer/homeowner projects to purchase for-sale housing units or to rehabilitate an owner-occupied dwelling.
Funds may also be used for the construction, conversion, repair, and rehabilitation of Accessory Dwelling Units or Junior Accessory Dwelling Units.
2.
Administrative expenses may not exceed five percent of program Program Funds and Matching Funds.3.
A minimum of 30 percent of program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to
Timeline
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Posted
Jul 9, 2024
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Status
Open now
How to apply for this
This is a grant, not a contract. You are not submitting a priced bid against competitors; you are applying for funding against the eligibility rules the grant program sets. Read the eligibility requirements on the official listing closely before you spend time on an application, since grants are commonly restricted to specific kinds of organizations (state or local governments, universities, nonprofits) rather than open to any small business.
- Confirm your organization is actually eligible before applying. Eligibility is stated on the official listing linked above.
- Read the full notice of funding opportunity, including the application requirements and any required forms.
- Prepare and submit your application through the method the official listing describes, before the deadline.
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