Community Development Developer Incentive Programs and Notice of Funding Availability NOFA

Developer Incentive Programs and NOFA

 

Developer Incentives and NOFA

Density Bonus Program

The Density Bonus Program allows housing developers to build more units on a property than are otherwise permitted as long as a certain percentage of the additional units are reserved for low- or moderate-income households.

  • For more information on the program, please see County Planning and Development Services Density Bonus FAQ or call (858) 694-3656.

Notice of Funding Availability (NOFA)  

These funds may assist with the cost of construction, acquisition and rehabilitation of multi-family rentals for very low- and low-income families.

  • When funds become available we publish an announcement called Notice of Funding Availability (NOFA).
  • These funds can provide gap financing at below-market rates.
  • The loans should be leveraged with other resources such as private equity, loans from lending institutions and/or funds from federal, state or local programs.
  • Eligible applicants include non-profit and for-profit housing developers, other non-profit organizations and Community Housing Development Organizations (CHDO) as recognized by HUD.
  • Depending on available funding, a NOFA may include funds from HOME Investment Partnerships, Project-based Voucher or other programs we administer.

For information on the Notice of Funding Availability (NOFA) or to be added to the NOFA interest list, please contact: 

Kelly Salmons (858) 694-4806 | email

 

HOME Investment Partnerships Program

The federal HOME Investment Partnerships program is used to fund projects that increase affordable housing for residents earning 80 percent or below the Area Median Income (AMI).

  • We use HOME funds to provide low-interest loans to nonprofit and for-profit developers of affordable housing for property acquisitions and rehabilitations, site improvements, and new construction.        
  • Eligible applicants include non-profit and for-profit housing developers, other non-profit organizations sponsoring affordable housing activities and Community Housing Development Organizations (CHDO) as recognized by HUD.
  • Visit our Portfolio to see developments we have funded.

 

Project-Based Voucher (PBV)

When there is funding available for Project-Based Voucher (PBV) developments, we will advertise the request for applications on our website, in the news media and with our industry partner organizations using the NOFA process.

When we review these proposals we will be looking for projects:

  • That contribute to the geographic distribution of affordable housing; promote de-concentration of poverty and further fair housing objectives
  • That have local community support
  • That serve special-needs populations and have corresponding supportive services

 

For more information, please contact:

(858) 694-4801 | email

 

Low-Income Housing Tax Credit Programs

The California Tax Credit Allocation Committee (CTCAC) administers the federal and state Low-Income Housing Tax Credit programs. Both programs were created to encourage private investment in affordable rental housing.

 

Affordable Home Builders - Assistance with Utility Costs

Developers may qualify for an  Energy-Efficiency Utility Allowance.