Adopted Guidelines
- 2019 Final Amended Guidelines (PDF)
- 2019 Final Statement of Reasons (PDF)
- 2019 Summary of Public Comments Received (PDF)
- 2014 Portfolio Restructuring Guidelines (PDF)
Proposed Guidelines
The California Department of Housing and Community Development (Department) has proposed amendments to the Portfolio Restructure (LPR) Guidelines to reflect the enactment of AB 2562 in Fall 2019, AB 130 in June 2025, and SB 686. AB 2562 authorizes the Department to restructure loans made under the Multifamily Housing Program and all other multifamily housing loans funded or monitored by the Department, specifically including the modification of interest rates. AB 130 and SB 686 authorize the extraction of excess equity in affordable housing developments funded or monitored by the Department.
- Notice of Proposed Action (PDF)
- Amended LPR Guidelines (PDF)
- Amended LPR Guidelines Redline Version (DOC)
- Initial Statement of Reasons (PDF)
Written Comment Period
Any interested person, or their authorized representative, may submit written comments relevant to the proposed action to the Department. The written comment period begins January 12, 2026, and closes at 5:00 p.m. on February 2, 2026. The Department will consider all comments received during this timeframe. Please submit comments to HCDLPR@hcd.ca.gov and include LPR Amended Guidelines Public Comments in the subject line. Written comments can also be sent via mail to:
California Department of Housing and Community Development
651 Bannon Street, Suite 400, Sacramento, CA 95811
Attention: Ryan George - LPR Amended Guidelines Public Comments
Public Hearing Webinar
A public hearing is scheduled on the proposed guidelines at the following location:
Date: January 21, 2026
Time: 1:30 p.m. – 3:00 p.m.
Location: https://hcd-ca-gov.zoom.us/j/88327049120
At the hearing, any person may present statements or arguments orally or in writing relevant to the proposed action described in the Informative Digest. The Department requests, but does not require, that persons who make oral comments at the hearing also submit a written copy of their testimony at the hearing. Please reference the section of the proposed guidelines on which you are commenting in your oral or written comments.