Golden State Acquisition Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Golden State Acquisition Fund (GSAF) provides developers with acquisition financing for the development or preservation of affordable housing. The program was created by Proposition 1C in 2007. It is part of the Affordable Housing Innovation Fund. This fund was created to promote innovative, cost saving approaches to creating or preserving affordable housing. The maximum loan amount is $13.9 million.
The program is a state bond program. In FY11-12, $23 million in seed funding was made available through this program. This funding was leveraged with additional capital from community development financial institutions, and the Fund now contains $93 million.
Contact: George Rodine, California Department of Housing and Community Development, 916-327-2856, [email protected]