2026 MHP Gap Funding NOFA

Purpose: The 2026 Multifamily Gap Funding NOFA - The purpose of this MHP Gap Funding NOFA is to support construction-ready projects that, despite having an existing HCD Loan Commitment from one or more HCD loan programs, are unable to move forward due to funding gaps that resulted from a need for additional funds to offset tax-exempt bond allocations and low-income housing tax credits, offset new credit pricing or accommodate a switch from 9% to 4% credit Description: This MHP Gap NOFA provides funds for previously HCD-awarded projects that demonstrate readiness and commit to applying to the next funding cycle of California Debt Limit Allocation Committee (CDLAC), or that are fully funded with a small post-award funding gap resulting from decreased tax credit pricing or unanticipated increased costs. This NOFA also provides streamlining in its application process and scoring criteria. As detailed in the NOFA, documents and conditions previously determined through existing HCD awards will not be re-reviewed, repetition in point scoring categories is minimized, and application underwriting and feasibility review requirements are streamlined Eligibility Requirements Eligible Applicants: Business Nonprofit Public Agency Tribal Government Eligibility to apply for funding through this NOFA is limited to multifamily projects (rental housing developments) that have an existing HCD award from one or more of the qualifying HCD programs. Projects must not have begun construction. Eligible Geographies: All across California, 10% set-aside for Rural areas. Important Dates Application deadline The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight. 6/5/26 16:00 Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant. August of 2026 Period of performance The length of time during which the grant money must be utilized. Guidelines 7321 Funding Details Total estimated available funding The total projected dollar amount of the grant. $240,000,000 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. Yes ( see Description for details 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. No 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: The California Department of Housing and Community Development (HCD), in accordance with Assembly Bill 434 (Chapter 192, Statutes 2020), is working to make our multifamily housing program funds accessible 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). Advances & Reimbursement(s) Funding Method Notes: The Department will offer loan funding from only one (1) Program (MHP) per eligible Unit.

Purpose: The 2026 Multifamily Gap Funding NOFA - The purpose of this MHP Gap Funding NOFA is to support construction-ready projects that, despite having an existing HCD Loan Commitment from one or more HCD loan programs, are unable to move forward due to funding gaps that resulted from a need for additional funds to offset tax-exempt bond allocations and low-income housing tax credits, offset new credit pricing or accommodate a switch from 9% to 4% credit Description: This MHP Gap NOFA provides funds for previously HCD-awarded projects that demonstrate readiness and commit to applying to the next funding cycle of California Debt Limit Allocation Committee (CDLAC), or that are fully funded with a small post-award funding gap resulting from decreased tax credit pricing or unanticipated increased costs. This NOFA also provides streamlining in its application process and scoring criteria. As detailed in the NOFA, documents and conditions previously determined through existing HCD awards will not be re-reviewed, repetition in point scoring categories is minimized, and application underwriting and feasibility review requirements are streamlined Eligibility Requirements Eligible Applicants: Business Nonprofit Public Agency Tribal Government Eligibility to apply for funding through this NOFA is limited to multifamily projects (rental housing developments) that have an existing HCD award from one or more of the qualifying HCD programs. Projects must not have begun construction.