Affordable Housing Innovation Program - Local Housing Trust Fund Program (LHTF)

Purpose

Help finance local housing trust funds dedicated to the creation or preservation of affordable housing.

Assistance Type

Matching grants (dollar-for-dollar) to local housing trust funds that are funded on an ongoing basis from private contributions or public sources that are not otherwise restricted in use for housing programs.

Terms

$8.1 million will go for matching grants to new local housing trusts created on or after September 30, 2006.

Maximum allocation, $2 million. Minimum allocation, $1 million. Applicants providing matching funds from sources other than impact fees on residential development will receive priority.

Eligible Activities

Loans for construction of rental housing projects with units restricted for at least 55 years to households earning less than 60 percent of area median income, and for downpayment assistance to qualified first-time homebuyers.

Eligible Applicants

Cities, counties, and cities and counties with adopted housing elements that HCD has determined comply with housing element law, and charitable nonprofit organizations.

Contact

Steven Marshall at (916) 263-6115 or steven.marshall@hcd.ca.gov

Program Publications

APPLICATION