Affordable Housing Innovation's LHTF lends money for construction of rental housing projects with units restricted for at least 55 years to households earning less than 60 percent of area median income. State funds matches local housing trust funds as downpayment assistance to first-time homebuyers.
The LHTF program funds may be used for predevelopment costs, acquisition costs, and other costs associated with development or rehabilitation of Affordable rental housing projects, Emergency Shelters, Permanent Supportive Housing, Transitional Housing, and Affordable Homeownership Projects or Units within a Homeownership Project. The LHTF funds may also be used for the construction, repair, and reconstruction or rehabilitation of Accessory Dwelling Units or Junior Accessory Dwelling Units.
The California Department of Housing and Community Development announced the release of Local Housing Trust Fund (LHTF) Program NOFA for approximately $57 million. This funding provides Matching Grants to Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations.
Application portal will be accepting applications beginning July 19, 2021 through August 3, 2021 at 11:59 p.m.
HCD no longer requires a hardcopy submittal of the Application Workbooks or supplemental documentation.
The application instructions and submittal portal will be available beginning July 15, 2021.