Multifamily Housing Program (MHP)

 

Contact

Application, General Program, and Standard Agreements Questions
MHP@hcd.ca.gov

Loan Closing Questions
LoanClosing@hcd.ca.gov

Purpose

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.

Assistance Type

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.

Eligible Activities

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.

Eligible Applicants

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

Get Funding

Applications are invited through the issuance of Notices of Funding Availability (NOFAs).

Current NOFA

2015 NOFA (06/05/2015)

2013 NOFA (02/07/2013)

Reporting Requirements (Asset Management and Compliance)

Upon completed construction of your project and closing of your HCD permanent loan, oversight of your project and loan is transferred to HCD’s “Asset Management and Compliance (AMC)” section.

Visit Asset Management and Compliance to find:

  • Your reporting requirements
  • Forms
  • Additional resources
  • Who to contact is you have questions

Program Forms

There are currently no general forms for the MHP program on the website at this time.

NOTE: View sample documents use and liability disclaimer on our Condition of Use page.

MHP Specific Documents

NOTE: These documents may be revised for Proposition 1 funding.

Documents Applicable to all NOFAs

Management Memos

There are currently no MHP Management Memos on the website at this time.

Training and Technical Assistance

There are currently no MHP Training and Technical resources on the website at this time.