Affordable housing funding
Upcoming deadlines and a directory of federal, state, and foundation funding programs for affordable housing development.
8 programs shown — federal, California state, and foundation funding for affordable housing development.
Section 108 Loan Guarantee(Sec. 108)
HUD
Enables jurisdictions to borrow against future CDBG allocations for large economic development and housing projects.
Who can apply: CDBG entitlement communities and state grantees
Section 515 Rural Rental Housing(Sec. 515)
USDA Rural Development
Direct low-interest loans for construction and rehabilitation of rental housing in rural communities for low-income households.
Who can apply: Private developers, nonprofits, public agencies in eligible rural areas
Section 538 Guaranteed Rural Rental Housing(Sec. 538)
USDA Rural Development
Federal loan guarantees enabling private lenders to finance new construction and rehab of multifamily housing in rural areas.
Who can apply: For-profit and nonprofit developers in eligible rural areas; households up to 115% AMI
Multifamily Housing Program(MHP)
California HCD
State deferred-payment loan (3% simple interest) for new construction, rehabilitation, and preservation of affordable rental housing.
Who can apply: Nonprofit and for-profit developers of multifamily rental housing for lower-income households
California Housing Accelerator(CHA)
California HCD
Forgivable loans to jumpstart shovel-ready projects stuck in the financing gap. Projects must start construction within 180 days.
Who can apply: Multifamily affordable housing projects that already have an active HCD award but cannot access LIHTC or bonds
No Place Like Home(NPLH)
California HCD
State bond loan program pairing affordable housing with mental health services for the state's most vulnerable homeless residents.
Who can apply: California counties (and their developer partners); permanent supportive housing for adults with serious mental illness who are homeless
Transit-Oriented Development Program(TOD)
California HCD
State loans for affordable multifamily housing near transit, reducing car dependency and supporting climate goals.
Who can apply: Affordable housing developers (nonprofit and for-profit) within a half-mile of transit stations
CalHFA Multifamily Lending Programs(CalHFA)
California Housing Finance Agency
Tax-exempt and taxable permanent loans and construction financing for affordable housing serving individuals, families, seniors, and veterans.
Who can apply: Nonprofit and for-profit developers of affordable multifamily rental housing
Looking for upcoming deadlines?
The funding calendar tracks application deadlines for TCAC, HCD, CDLAC, and other programs.
View funding calendar →