AB 434 Super NOFA

Overview

The Department of Housing and Community Development (Department or HCD) is pleased to announce the initial release of this Multifamily Housing Notice of Funding Availability (NOFA) for approximately $650 million in funds. The Super NOFA is issued to distribute funds through a combination of HCD-administered multifamily rental housing programs. The Super NOFA and the guidelines for those programs implement the requirements of California Assembly Bill No. 434 (AB 434) (Chapter 192, Statutes of 2020). AB 434 amends, repeals and adds sections to the Health and Safety Code and to the Military and Veterans Code in relation to the Designated Programs. Programs providing funding pursuant to this Super NOFA include the following: • Multifamily Housing Program (MHP) which provides loans to assist...