The California Department of Housing and Community Development has announced $414 million in funding to support more than 2,000 affordable homes.
Located in 16 counties, the funded developments include 794 units reserved for extremely low-income Californians—defined as people earning up to 30% percent of the area median income (AMI); 866 units for households earning 31% to 50% of the AMI; and 408 units reserved for those earning 51% to 80% of the AMI.
The funding comes from multiple programs:
- $244.1 million of Multifamily Housing program funds to support 10 projects with 769 assisted units;
- $128.9 million of Farmworker Housing Grant program funds to support 10 projects with 345 assisted units;
- $28.5 million in Infill Infrastructure Grant Program awards to support development of 553 assisted units, with 370 units reserved for seniors, 316 for large families, and 338 units of permanent supportive housing or for residents with special needs; and
- $12.7 million in Veterans Housing and Homelessness Prevention Program funds to create 87 homes for veterans.
In September 2020, Gov. Gavin Newsom signed into law a bill to streamline the state’s web of housing finance and create a new process that allows developers to apply to four separate programs through a single application, reducing delays that can drive up costs and derail projects. The process has awarded $1.622 billion to support the development of 12,676 affordable homes statewide since 2020. These projects are expected to serve 248,993 Californians.
Learn more and view a list of recipients here.