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Affordable Housing Innovation Program - Practitioner Fund (AHIP-P)

Purpose

Provide acquisition financing to pre-qualified developers for the development or preservation of affordable housing.

Assistance Type

Loans for developers, provided directly by HCD.

Assistance Terms

To be determined. Loan terms may not exceed 5 years.

Eligible Activities

Property acquisition.

Eligible Applicants

Applicants must be 501(c)(3) nonprofits, have California housing development experience, substantial affordable housing development experience, at least 25 employees, at least $200 million in assets, and organizational stability and capacity. They must also be able to demonstrate the availability of leveraged funds.

Application Process

HCD expects to issue a Request for Qualifications (RFQ) in early 2009. Applicants will apply directly to HCD, and applications will be evaluated on a competitive basis.

Contact

(916) 324-1484

Program Publications

• Guideline Development
  • Comment and Meeting Notice (Adobe PDF)
    • Comment accepted to 17-Dec-10
    • Meeting at HCD 8-Dec-10
  • Draft Guidelines (Adobe PDF)
• Program Development
  • Practitioner Fund Stakeholder Meeting Notice - 13-May-09 (Adobe PDF)
  • Draft Program Proposal - Practitioner Fund (Adobe PDF)