California Consulting Publishes Latest Housing Grants
By Brittany Maldonado on
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HCD: Homekey+ Program
Deadline: Applications accepted after January 30th, Gap Financing projects due April 3, 2025, all other project application types due May 30th or until funds exhausted
Amount: Proposition 1 allocates approximately $2 billion, with $1 billion specifically designated for veterans.
Eligibility: Local public entities (cities, counties, and public housing authorities), Tribal entities, Housing developers
Match Requirements: No match required.
Link: https://www.hcd.ca.gov/grants-and-funding/homekey-plus
Summary:
Homekey+ is part of the Behavioral Health Infrastructure Bond Act (Proposition 1) passed in March 2024. This program aims to develop permanent affordable housing paired with supportive services, specifically for veterans and individuals with mental health or substance use challenges who are homeless or at risk of homelessness. Projects should focus on the acquisition and rehabilitation of existing buildings, new construction, or other innovative housing solutions.
Eligible Uses:
Acquisition and rehabilitation of existing properties (e.g., hotels, motels, apartments) Conversion of commercial properties
New construction for permanent housing
Master leasing of properties
Purchase of affordability covenants
Population Served:
Veterans and individuals with behavioral health challenges who are at risk of, or experiencing, homelessness.
Funding Priorities:
Projects demonstrating readiness and the capacity to begin quickly (within 12 months) Applications with commitments to sustainable long-term funding for services (especially using MHSA and BHSA funds)
Projects that address regional targets and needs in coordination with local Continuum of Care (CoC) and mental health departments
Program Contact:
For more information, visit Homekey+.
Email:
[email protected] Multifamily Housing Program (MHP)
Deadline: April 15, 2025
Amount: $230M total available (loan limits vary by unit type and project specifics) Match: Not required
Link: Multifamily Finance Super NOFA
Purpose: The MHP provides loans to assist in the new construction, rehabilitation, and conversion of permanent and transitional rental housing for lower-income households. It supports affordable housing developments by offering capital and operating funds to projects that meet state and local affordability and sustainability goals.
Joe Serna, Jr. Farmworker Housing Grant (FWHG) Program
Deadline: April 15, 2025
Amount: $120M total available
Match: Not required
Link: Multifamily Finance Super NOFA
Purpose: The FWHG program provides loans for the new construction or rehabilitation of multifamily rental housing developments that serve agricultural workers. It prioritizes lower-income farmworker households and ensures access to quality housing for this vulnerable population.
Veterans Housing and Homelessness Prevention (VHHP) Program
Deadline: April 15, 2025
Amount: $12M total available
Match: Not required
Link: Multifamily Finance Super NOFA
Purpose: The VHHP program provides loans for the acquisition, construction, rehabilitation, and preservation of affordable multifamily housing developments for veterans and their families. The program aims to enhance housing stability for veterans, particularly those experiencing homelessness or at risk of becoming homeless
HCD: Infill Infrastructure Grant Program
Deadline: April 15, 2025
Amount: $1M-$7.5M
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