Multifamily Housing Program (MHP)
Overview
The primary objective of the Multifamily Housing Program (MHP) is to provide loans to individuals, public agencies, or private entities for the development of multifamily rental housing including new construction, rehabilitation and preservation of permanent and transitional rental housing for lower income households The funds awarded under this NOFA will be allocated as permanent financing for affordable new construction, rehabilitation and preservation of permanent and transitional rental housing for households having incomes at or below sixty percent of Area Median Income. Maximum loan amount available per project is $20,000,000. Projects must qualify as Rental Housing Developments (within the definition of the Uniform Multifamily Regulations (UMR) Section 8301). Additionally...
Funding Information
$175,000,000
Eligibility Requirements
- Expected number of awards: Dependant on number of submissions received, application process, etc.
Contact Information
Email: [Click to reveal email]
Phone: 916-263-2911