The County of San Diego Health and Human Services Agency, Housing and Community Development Services (HCDS) is announcing the availability of funding for the acquisition, construction, and/or rehabilitation of affordable multi-family housing.
Donor Name: County of San Diego Housing and Community Development Services (HCDS)
State: California
County: San Diego County (CA)
Type of Grant: Grant
Deadline: 09/30/2022
Details:
In releasing this Notice of Funding Availability (NOFA), the goal of the County of San Diego Health and Human Services Agency, Housing and Community Development Services (HHSA) is to facilitate the construction, acquisition, rehabilitation, and/or preservation, of affordable multifamily rental housing for extremely low- (30% AMI), very low- (50% AMI) and low-income (80% AMI) households or as specified by funding source requirements. Each qualified development will be evaluated for suitability of all applicable funding sources. All requirements of the applicable funding sources will apply to developments funded under this NOFA.
Qualified housing developers who demonstrate their ability to:
- construct, acquire, and/or rehabilitate affordable housing developments
- maintain affordable housing developments and
- adhere to all program guidelines and funding requirements are encouraged to submit applications. Proposed developments must be leveraged with other funding sources, such as private equity loans from lending institutions, funds from federal, state and/or local programs. Successful applicants will be able to clearly demonstrate how their proposal will improve access to affordable housing within the County of San Diego and maintain restricted units, as applicable, for the duration of the affordability period.
Funding available includes County of San Diego American Rescue Plan Act (ARPA) dollars and Project Based Vouchers (PBV’s). ARPA funds will be provided in the form of loans to successful applicants providing permanent supportive housing for extremely low-income households.
For more information, visit Affordable Housing.