2024 LHTF NOFA Round 5

Purpose: The principal goal of this program is to provide grants to Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations to increase the supply of housing to households with incomes of 80 percent or less of area median income. Description: Program Funds awarded under this NOFA shall be used to provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation as well as to construct, convert, reconstruct, rehabilitate, and/or repair Accessory Dwelling Units (ADUs) or Junior Accessory Dwelling Units (JADUs). Eligible activities Pursuant to Guidelines, Section 105, the LHTF funds shall be allocated in compliance with all of the following: 1. To provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation associated with Affordable rental housing projects, Emergency Shelters, Transitional Housing, Permanent Supportive Housing, homebuyer/homeowner projects to purchase for-sale housing units or to rehabilitate an owner-occupied dwelling. Funds may also be used for the construction, conversion, repair, and rehabilitation of Accessory Dwelling Units or Junior Accessory Dwelling Units. 2. Administrative expenses may not exceed five percent of program Program Funds and Matching Funds. 3. A minimum of 30 percent of program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to Extremely Low-Income Households. To comply with this requirement, dwelling units or shelter beds must be Affordable to and restricted for Extremely Low-Income Households with household income of no more than 30 percent of Area Median Income (AMI). 4. No more than 20 percent of the program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to Moderate-Income Households. To comply with this requirement, dwelling units must be Affordable to and restricted for Moderate-Income Households with household income of no more than 120 percent of AMI. 5. The remaining program Program Funds and Matching Funds shall be expended on assistance to Lower-Income Households. To comply with this requirement, dwelling units must be Affordable to and restricted for Lower-Income Households with household income of no more than 80 percent AMI. Funding Activity requirements Limits Pursuant to Guidelines, Section 103, the funding minimums, and maximums apply as detailed below: -The minimum application request by an Applicant that is an existing Existing Local Housing Trust Fund shall be $1 million. -The minimum application request by an Applicant that is a new New Local Housing Trust Fund, but which is not a Regional Housing Trust Fund, shall be $500,000. -The minimum application request by an Applicant that is a new New Local Housing Trust Fund, which is also a Regional Housing Trust Fund, and which is utilizing Permanent Local Housing Allocation Funds as Matching Funds, shall be $750,000. -The maximum application request for all Applicants shall be $5 million. Eligibility Requirements Eligible Applicants: Nonprofit Public Agency Tribal Government Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations Eligible Geographies: N/A Matching Funding Requirement: Must be from dedicated sources of funding, such as taxes, fees, or loan repayments, or public or private contributions. Lines of credit and loans received by the Local Housing Trust Fund, or Funds restricted for housing use by state or federal law are not eligible sources. Important Dates Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant. August 2024 Period of performance The length of time during which the grant money must be utilized. 2037 Funding Details Total estimated available funding The total projected dollar amount of the grant. $53,000,000 Expected number of awards A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display. Dependent Estimated amount per award Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display. Dependent Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent. No Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source. 50% Funding Source: The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number. State Funding Source Notes: Funding for this Notice of Funding Availability (NOFA) is provided by the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1), adopted by voters on November 6, 2018. Funding Method: The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly). Advance(s) Funding Method Notes: Awardees must provide specific project information to State Grants Management team with disbursement request form. How to Apply State agencies/departments recommend you read the full grant guidelines before applying. Grant guidelines Online application Resources Grantor’s site Subscribe to grant updates Planned events For questions about this grant, contact: Doniell Cummings, 1-916-995-9006, [email protected] Similar to This Grant Agriculture Strategic Growth Council Tribal Capacity Building Program 1 week ago More Details about Tribal Capacity Building Program Housing, Community and Economic Development Department of Housing and Community Development HOME Investment Partnerships Program (HOME) 2024 Program Activities reopened NOFA 2 weeks ago More Details about HOME Investment Partnerships Program (HOME) 2024 Program Activities reopened NOFA Consumer Protection Department of Financial Protection and Innovation CalMoneySmart 2026-2028 Grant Program 4 weeks ago More Details about CalMoneySmart 2026-2028 Grant Program Housing, Community and Economic Development Department of Housing and Community Development AHSC Round 10 NOFA 1 month ago More Details about AHSC Round 10 NOFA

Purpose: The principal goal of this program is to provide grants to Local Housing Trust Funds established by cities and counties, Native American Tribes, and incorporated 501(c)(3) nonprofit organizations to increase the supply of housing to households with incomes of 80 percent or less of area median income. Description: Program Funds awarded under this NOFA shall be used to provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation as well as to construct, convert, reconstruct, rehabilitate, and/or repair Accessory Dwelling Units (ADUs) or Junior Accessory Dwelling Units (JADUs). Eligible activities Pursuant to Guidelines, Section 105, the LHTF funds shall be allocated in compliance with all of the following: 1. To provide construction loans and/or permanent financing loans at simple interest rates of no higher than three percent per annum, for payment of predevelopment costs, acquisition, construction, or rehabilitation associated with Affordable rental housing projects, Emergency Shelters, Transitional Housing, Permanent Supportive Housing, homebuyer/homeowner projects to purchase for-sale housing units or to rehabilitate an owner-occupied dwelling. Funds may also be used for the construction, conversion, repair, and rehabilitation of Accessory Dwelling Units or Junior Accessory Dwelling Units. 2. Administrative expenses may not exceed five percent of program Program Funds and Matching Funds. 3. A minimum of 30 percent of program Program Funds and Matching Funds, after deducting administrative expense, shall be expended on assistance to Extremely Low-Income Households. To comply with this requirement, dwelling units or shelter beds must be Affordable to and restricted for Extremely Low-Income Households with household income of no more than 30 percent of Area Median Income (AMI). 4. No more than 20 percent of the