Multifamily Housing Program
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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.
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The Multifamily Housing Program (MHP) supports the construction, rehabilitation, and preservation of rental housing. The program makes low interest loans of up to $7 million available for permanent financing. Eligible costs may include social services facilities linked to the affordable housing units; refinancing to retain affordable rents; the acquisition of property; necessary site improvements; and building a capitalized reserve. Projects that target special needs populations including persons with disabilities or homeless veterans received bonus points during the 2013 application process. The extent to which any project serves the lowest income households is also an important factor in determining awards. In FY11-12, 626 affordable units were developed.
Funding Description:
Funding is provided by the Housing and Emergency Shelter Trust Fund Act of 2006, also known as Proposition 1C, which authorized issuing bonds for low income housing programs. Proposition 1C issued a $2.85 billion bond for affordable housing and infrastructure in 2006. Of this amount, the Multifamily Housing Program received $357 million. For FY15, $47.5 million was available to be awarded through the MHP program.
Website: http://www.hcd.ca.gov/financial-assistance/multifamily-housing-program/
Contact: George Rodine, California Department of Housing and Community Development, 916-327-2856, [email protected]
