This is a California state grant program that funds Local Housing Trust Funds run by cities, counties, Native American Tribes, and incorporated 501(c)(3) nonprofits to build affordable housing for households at or below 80 percent of area median income. It is not for businesses of any kind: for-profit companies, including small businesses and sole proprietors, cannot apply. Only organizations that already operate or are establishing a housing trust fund, and can match 50 percent of the funds,应该
| Industry | Estimated fit |
|---|---|
| Social Services & NonprofitMatches your industry (nonprofit) | 41 |
| Environment & ConservationLimit: Primarily for economically disadvantaged businesses | 34 |
| Arts & CultureLimit: Primarily for economically disadvantaged businesses | 33 |
| Education & TrainingLimit: Primarily for economically disadvantaged businesses | 33 |
| Agriculture & FarmingLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Construction & InfrastructureLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Industry | Estimated fit |
|---|---|
| Energy & Clean TechLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Finance & BankingLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Food & BeverageLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Healthcare & BiotechLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Housing & Real EstateLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| ManufacturingLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Retail & E-CommerceLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Technology & SoftwareLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
| Transportation & LogisticsLimit: Only governments, nonprofits, tribes or universities may apply —… | 0 |
These are our matcher’s estimates for a typical business in each industry. A real match depends on your size, your state and what you need the money for — check your own fit.
The principal goal of this program is to provide grants to Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations to increase the supply of housing to households with incomes of 80 percent or less of area median income.
The principal goal of this program is to provide grants to Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations to increase the supply of housing to households with incomes of 80 percent or less of area median income.
Program Funds awarded under this NOFA shall be used to provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation as well as to construct, convert, reconstruct, rehabilitate, and/or repair Accessory Dwelling Units (ADUs) or Junior Accessory Dwelling Units (JADUs). Eligible activitiesPursuant to Guidelines, Section 105, the LHTF funds shall be allocated in compliance with all of the following: 1. To provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation associated with Affordable rental housing projects, Emergency Shelters, Transitional Housing, Permanent Supportive Housing, homebuyer/homeowner projects to purchase for-sale housing units or to rehabilitate an owner-occupied dwelling. Funds may also be used for the construction, conversion, repair, and rehabilitation of Accessory Dwelling Units or Junior Accessory Dwelling Units. 2. Administrative expenses may not exceed five percent of program Program Funds and Matching Funds.3. A minimum of 30 percent of program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to Extremely Low-Income Households. To comply with this requirement, dwelling units or shelter beds must be Affordable to and restricted for Extremely Low-Income Households with household income of no more than 30 percent of Area Median Income (AMI). 4. No more than 20 percent of the program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to Moderate-Income Households. To comply with this requirement, dwelling units must be Affordable to and restricted for Moderate-Income Households with household income of no more than 120 percent of AMI. 5. The remaining program Program Funds and Matching Funds shall be expended on assistance to Lower-Income Households. To comply with this requirement, dwelling units must be Affordable to and restricted for Lower-Income Households with household income of no more than 80 percent AMI. Funding Activity requirements LimitsPursuant to Guidelines, Section 103, the funding minimums, and maximums apply as detailed below:-The minimum application request by an Applicant that is an existing Existing Local Housing Trust Fund shall be $1 million. -The minimum application request by an Applicant that is a new New Local Housing Trust Fund, but which is not a Regional Housing Trust Fund, shall be $500,000.-The minimum application request by an Applicant that is a new New Local Housing Trust Fund, which is also a Regional Housing Trust Fund, and which is utilizing Permanent Local Housing Allocation Funds as Matching Funds, shall be $750,000. -The maximum application request for all Applicants shall be $5 million.
Type: Grant Award: not published as a fixed amount; depends on the applications received Total available: $53,000,000.00 Matching funds: 50% (Must be from dedicated sources of funding, such as taxes, fees, or loan repayments, or public or private contributions. Lines of credit and loans received by the Local Housing Trust Fund, or Funds restricted for housing use by state or federal law are not eligible sources.) Funding method: Advance(s) Funding source: State Deadline: Ongoing Award period: 2037 Apply at: https://calhcd.service-now.com/csp?id=sc_cat_item&sys_id=d0a0d77e4775615062339362736d433f Source: California Grants Portal record 76086, published by the State of California.
Our reading of the listing: for-profit businesses are not eligible for this one.
Eligible applicant types: Nonprofit; Public Agency; Tribal Government
Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations
Geography: N/A
Topics
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