Grants & Funding
By administering programs that provide grants and loans (from both state and federal housing programs), HCD creates rental and homeownership opportunities for Californians from all walks of life, including veterans, seniors, young families starting out, people with disabilities, farmworkers, and individuals and families who are experiencing homelessness.
Over the last three decades, HCD has provided more than $3 billion of funding for the development of affordable housing and associated infrastructure, but HCD’s role does not end once the awards are made. Through long-term monitoring, HCD ensures the developments continue to provide safe and affordable homes, and that the homes remain well-maintained and financially sound.
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In This Section
Enabled
Targeted release dates for draft guidelines, notices of funding availabilities (NOFAs), NOFA application due dates, and awards.
Programs that offer ongoing over-the-counter funding, have recently announced funding, or will be announcing funding available over the next 12 months.
Streamlines four of HCD’s rental housing programs to align eligibility criteria, scoring and release of funds allowing for a coordinated single application and award process.
Grants to acquire and rehabilitate a variety of housing types to rapidly expand housing for persons experiencing or at risk of homelessness.
Provides gap funding to replace tax credit equity in shovel-ready projects reducing the backlog of projects in the CDLAC funding pipeline and accelerate the development of housing to those in need.
ReCoverCA provides funds to assist with unmet needs to help eligible homeowners in impacted areas rebuild and/or rehabilitate their homes.
HCD works to help communities recover after disasters (such as droughts, fires, and floods) by administering special federal funds for both recovery and mitigation purposes.
Requirements and resources for reporting and compliance of HCD program grants.
Requirements and resources for reporting and compliance of HCD program loans.
Information on federal and state income limits, rent, and loan-to-value limits and which limit determination to use under which program.
Regulations, uniform standards and program rules for multifamily rental housing developments assisted by HCD multifamily housing loans or grants.
Resources and technical assistance information for California counties and Continuums of Care.
Division of State Financial Assistance
Estimated Outstanding Bond and Tax Credit Demand for HCD funded projects
Information provided below is based on application data submitted to HCD for the following multifamily programs: AHSC, VHHP, HOME, NPLH (does not include APC Counties), MHP, Serna, IIG, TOD, HHC/NHTF| 2018* HCD Funded Projects | 2019* HCD Funded Projects | 2020* HCD Funded Projects | Total Outstanding Demand 2018-2020 | ||
|---|---|---|---|---|---|
| 4% | Total projects awarded: | 35 | 42 | 131 | 208 |
| Outstanding Awarded Projects Seeking Allocation | 10 | 10 | 89 | 109 | |
| Remaining Bond Allocation Need | $92.7 million | $288.6 million | $2.925 billion | $3.306 billion | |
| Remaining 4% Tax Equity Need | $119.6 million | $174.3 million | $1.710 billion | $2.003 billion | |
| 9% | Total projects awarded: | 13 | 14 | 34 | 61 |
| Outstanding Projects Seeking 9% credits | 8 | 11 | 18 | 37 | |
| Remaining 9% Tax Equity Need | $133.3 million | $186.0 billion | $364.7 billion | $684.0 billion | |
Administrative Memos on HCD Programs
| Memo | Date | Subject | Description |
|---|---|---|---|
| 23-01 | January 3, 2023 | Transition Reserve Policy (PDF) | Sets forth the Department’s transition reserve policy applicable to all HCD funded multifamily rental programs. |
| 22-07 | July 29, 2022 | Infill Infrastructure Grant Program Guideline Amendment (PDF) | Sets forth and clarifies certain requirements un the IIG Program of 2019 Guidelines. The 2021 Budget Bill Guideline Amendment (Chapter 21, statute of 2021) authorized the Department of Finance to authorize and extension of the liquidation Period it is determined that an extension is needed to facilitate a projects’ completion due to the impact of COVID-19. |
| 22-03 | May 5, 2022 | Omnibus Guideline Amendment (PDF) | Sets forth, clarifies and repeals certain requirements under the Multifamily Housing Program (MHP), Homekey and California Housing Accelerator programs. |
| 22-02 | March 30, 2022 and amended Dec. 19, 2022 | Notice of Disencumbrance (PDF) | Sets forth the Department’s disencumbrance policy applicable to all HCD state funded multifamily rental programs. |
| 22-01 | March 31, 2022 and amended April 3, 2023 | Notice of Negative Points (PDF) | Sets forth the Department’s negative points policy applicable to all state and federal funding programs which will apply to any application submitted under a Notice of Funding Availability released on or after March 31, 2022. |
| 21-05 | June 22, 2021 | Notice of Omnibus Interpretive Guidance to Program Guidelines (PDF) | Sets forth and repeals certain requirements under multiple multifamily financing programs for the purposes of securing Calendar Year 2021 disaster credits through the California Tax Credit Allocation Committee (CTCAC) |
| 21-06 | August 11, 2021 | Repeal of Stacking Prohibition of Multiple Department Funding Sources (PDF) | Sets forth and repeals the Department’s stacking prohibition of multiple Department Funding Sources for all multifamily programs allowing the use of multiple funding sources on the same Assisted Unit in a single Project for applications submitted for HCD on or after July 1, 2021 |
| 20-01 | September 1, 2020 | Electronic Signature Policy (PDF) | Department of Housing and Community Development (“HCD”) will accept electronic copies of signatures (“e-signatures”) instead of wet or original signature. The requirements for the e-signature may vary slightly depending on the document. |