Multifamily Housing Program (MHP)
Low-interest, long-term deferred-payment loans for new construction, rehabilitation, and preservation of permanent and transitional rental housing for lower-income households.
Loan Closing Questions
LoanClosing@hcd.ca.gov
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Application, General Program, and Standard Agreements Questions
Reporting 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 Reporting and Compliance: Loan Programs section.
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Reporting 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 Reporting and Compliance: Loan Programs section.
Background
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).
Assistance Type/Terms
Deferred payment loans:
- Loans have a 55-year term
- 3 percent simple interest on unpaid principal balance, except under certain conditions
- For the first 30 years of the loan term, payments in the amount of 0.42 percent are due annually
- The annual payment for the next 25 years will be set by HCD in year 30, at the minimum necessary to cover HCD monitoring costs
- With the balance of unpaid principal and interest due and payable upon completion of loan term
*MHP funds will be provided for post-construction permanent financing only.
Statutory Funding Set-Asides
18.3 percent set-aside for Senior Projects.
Geographic Distributions
To the extent possible, no less than approximately:
- 45 percent for projects in Southern California.
- 30 percent for projects in Northern California.
- 20 percent for projects in Rural areas.
Eligible Project
Rental Housing Development:
- New construction
- Rehabilitation
- Conversion of nonresidential structures to rental housing
Project Types:
- Large Family
- Special Needs
- Senior
- Supportive Housing
- At High Risk
*Projects are not eligible if construction has commenced as of the application date.
Eligible Sponsor
Sponsors or their principals must have successfully developed at least one affordable housing project:
- Individual
- Joint Venture
- Partnership
- Limited Partnership
- Trust
- Corporation
- Limited Liability Company
- Local Public Entity
- Duly constituted governing body of an Indian reservation or Rancheria, or
- Other legal entity
- Organized on a for-profit, including limited profit, or nonprofit basis
*A Sponsor is an Applicant.
General Program Documents
MHP Round 4 Standard Agreement Boilerplate
- STD 204 Payee Data Record (PDF)
- Standard Agreement Exhibit A (PDF)
- Standard Agreement Exhibit B (PDF)
- Standard Agreement Exhibit D (PDF)
- Standard Agreement Exhibit E (PDF)
- Borrower Loan Authorization (OD-Form 1) (DOC)
- MGP/AGP/GP Resolution (OD-Form 2) (DOC)
- Sponsor Corporate Resolution (OD-Form 3) (DOC)
- Government Agency TIN Form
MHP Guidelines and Regulations
- 2019 Round 1 MHP Final Guidelines – Tracked changes (PDF)
- Revisions to 2019 Round 1 MHP Final Guidelines (PDF) — Made after receipt of public comments.
- Summary of Comments and Responses (PDF)
- 2005 MHP Regulations (PDF) — Applicable to 2013 and 2015 NOFAs. Not applicable to Proposition 1 funding.
Loan Closing Documents
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
- Architect's Completion Certificate (New Construction) (DOC)
- Architect's Completion Certificate (Rehabilitation) (DOC)
- Article XXXIV Guidelines (PDF)
- Bond Financing Term Sheet (DOC)
- Certificate of Completion (DOC)
- Closing Checklist (XLS)
- Cost Cert and Financial Reporting Requirements (DOC)
- Cost Cert Sample Form (XLS)
- Designated Payee Authorization Letter (DOC)
- Insurance Guidelines Checklist (DOC)
- Interest Rate Reduction Application Certification (PDF)
- Interest Rate Reduction Sponsor Process (PDF)
- Interest Rate Resets or Bond Remarketing Requirements (Management Memo 07-01) (DOC)
- Lease Rider Estoppel (DOC)
- Loan Closing Requirements (Management Memo 05-2) (DOC)
- Physical Needs Assessment - Fannie Mae Form 4327 (DOC)
- Physical Needs Assessment - Fannie Mae Guidelines (PDF)
- Prevailing Wage Compliance (Management Memo 02-1) (DOC)
- Prevailing Wage Compliance Certificate (DOC)
- Project Construction Sign Requirements
- Project Funding Sources (Construction) (XLS)
- Project Funding Sources (Permanent) (XLS)
- Relocation Plan Implementation Certificate (DOC)
- Request For Funds Form (DOC)
- Utility Allowance Determination (DOC)
- Sponsor Operating Guarantee (PDF)
Resources
- Homelessness Program Data Reporting
- Financial Assistance Application Tool (FAAST) Instructions for MHP (PDF)
- MHP Round 4 NOFA Q&A’s (PDF)
- California Tax Credit Allocation Committee (TCAC) Regulations
- TCAC Method for Determining Rural Status
- TCAC/HCD Opportunity Area Map
- 2018 SHMHP NOFA
Workshops / Webinars
Guidelines and Regulations
- This program is included in the Multifamily Finance SuperNOFA. View latest latest Guidelines.
- June 19, 2019 Final Guidelines (PDF) — Revised 7/16/19
- Uniform Multifamily Regulations (UMRs)
Previous NOFAs
2021 Round 4 NOFA
- July 2021 MHP NOFA (PDF)
- MHP Application (XLS)
- July 2021 MHP Notice of Changes (PDF)
- July 2021 MHP NOFA Applications Received and Self-Scores (PDF)
2020 Round 3 NOFA
- Amended July 2020 MHP NOFA (PDF)
- July 2020 MHP NOFA (PDF)
- MHP Application (XLS)
- MHP Round 3 NOFA Applications Received and Self-Scores (PDF)
MHP Round 3 Standard Agreement Boilerplate
- Standard Agreement Exhibit A (PDF)
- Standard Agreement Exhibit B (PDF)
- Standard Agreement Exhibit D (PDF)
- Standard Agreement Exhibit E (PDF)
- Borrower Loan Authorization (OD-Form 1) (DOC)
- MGP/AGP/GP Resolution (OD-Form 2) (DOC)
- Sponsor Corporate Resolution (OD-Form 3) (DOC)
- Government Agency TIN Form
2020 Round 2 NOFA
- January 2020 MHP NOFA (PDF)
- MHP Universal Application (XLS)
- Sources and Uses Template (XLS)
- MHP Supplemental Application (XLS)
- MHP Round 2 NOFA Applications Received and Self-Scores (PDF)
2019 Round 1 NOFA
- Amended MHP NOFA (PDF) — Revised 08/01/2019
- MHP Universal Application (XLS)
- Supplemental Application (XLS) — Revised 08/08/2019
- Resolution Template (PDF)
- 2019 MHP Workshop Presentation Slides (PDF)
2015 NOFA (06/05/2015)
- 2015 NOFA (PDF) — 06/05/2015
- 2005 MHP Regulations (PDF) — Applicable to 2015 NOFA. Not applicable to Proposition 1 funding.
- 2015 NOFA Workshop (PPT)
- 2015 Income Limits (PDF)
2013 NOFA (02/07/2013)
- 2013 Awards (XLS)
- 2005 MHP Regulations (PDF) — Applicable to 2013 NOFA. Not applicable to Proposition 1 funding.
- 2013 Income Limits (PDF)
Past Awards
December 2020 (Round 3) Final Point Score and Awardee List (PDF)
January 2020 (Round 2) Final Point Score and Awardee List (XLS)