To provide low-interest loans to developers of permanent affordable rental housing that contain supportive housing units.

Assistance Type

Deferred payment loans.

Terms

Loans have a 55-year term at three percent simple annual interest. For the first 30 years, annual payments of 0.42 percent of the outstanding principal balance are required. 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. Unpaid principal and interest will be due at the end of the loan term.

Eligible Activities

SHMHP funds are for permanent financing only, and may be used for new construction or rehabilitation of a multifamily rental housing development, or conversion of a nonresidential structure to a multifamily rental housing development. Eligible use of funds may include, but are not limited to, real property acquisition, refinancing to retain affordable rents, necessary on-site and off-site improvements, reasonable fees and consulting costs, capitalized reserves, facilities for childcare, after-school care, and social service facilities integrally linked to the restricted supportive housing units.

Eligible Projects

Eligible projects must have a minimum of five supportive housing units, or a minimum of 40 percent of total units must be supportive housing units, whichever is greater, and must have associated supportive services for the intended target population living in the restricted units, pursuant to Health and Safety Code Section 50675.14.

Regulations

Get Funding

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

Current NOFAs

Please be sure you are subscribed to the MHP emailing list to receive notifications and announcements.

2018 NOFA

Workshop Dates and Locations

There are currently no workshops scheduled for the SHMHP program at this time.

Awards

2018 Awards by County (PDF)

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

General program documents

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

Loan closing documents

SHMHP Specific Documents

Documents Applicable to all NOFAs

Project Construction Sign Requirements

Management Memos

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

Training and Technical Assistance

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