HCD Releases Final MHP NOFA
for $32 million - SoCal to Get Preferences
Yesterday, the California Department of Housing
& Community Development issued the last NOFA for the Prop 46 Multifamily
Housing Program bond funds. The NOFA is for $32 million. The funds being
offered through this NOFA are available as permanent financing for affordable
multifamily rental and transitional housing developments.
The Department notes that because all previous
rounds have been oversubscribed that they will probably be using a
tie-breaker. They also note that projects in Southern California may be funded
with lower scores than other parts of the state to ensure geographic equity.
Furthermore, there will be an increase of $15,000 in the maximum per
restricted unit loan amount for projects located in Southern California. The
maximum loan amount per project will remain $10,000,000.
Applications are due October 10, 2006. The Loan
and Grant Committee Meeting will be in January, 2007. An application workshop
will be held in San Diego:
Friday, August 25, 2006
San Diego State
Building
1350 Front Street, Room B107
San Diego
10:00 a.m. -
Noon
Download the NOFA at: http://www.hcd.ca.gov/fa/mhp/
Tom Scott Named to State
Campaign Executive Committee
Tom Scott, Executive Director of the San Diego
Housing Federation, has been named to serve on the Executive Committee for
Yes on Prop 1C Campaign Committee. The Committee makes
all decisions regarding the Campaign to pass Proposition 1C on the November
ballot.
Padres Tickets Sold Out -
Come to Tailgate Party Anyway
We have sold all of the tickets for the
San Diego Housing Federation Night at the Padres next
Wednesday, August 16th. However, everyone is welcome to the pre-game
tailgate party at Jolt 'n Joes Cafe from 5:00 PM to 7:00 PM to
socialize. It is located at: 329 Fourth Ave (between J and
K).
ã 2006 San Diego
Housing Federation, 450 B Street, Suite 1010, San Diego, CA 92101 (619)
239-6693
Website: http://www.housingsandiego.org Email:
sdhfstaf@housingsandiego.org
