Multifamily Housing Program (MHP)

New! 2018 MHP Draft Guidelines (PDF)
New! 2018 MHP Draft Guidelines tracked changes (PDF)
New! MHP Draft Guidelines Statement of Reasons (PDF)
New! MHP Draft Guidelines public comment workshops

 

Contact

(916) 263-2771

Purpose

Assist the new construction, rehabilitation and preservation of permanent and transitional rental housing for lower income households.

Senate Bill 3 (Chapter 365, Statues 2017) authorized the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1). This measure was adopted by voters on November 6, 2018. It authorizes the issuance of bonds in the amount of $1.5 billion for the Multifamily Housing Program (MHP). California Department of Housing and Community Development (HCD) has developed draft MHP guidelines and is seeking feedback from stakeholders and interested parties.

Assistance Type

Deferred payment loans with a 55-year term; 3 percent simple interest on unpaid principal balance, except under certain conditions.  Payments at 0.42 percent are due annually with the balance of principal and interest due and payable upon completion of loan term.

Eligible Activities

New construction, rehabilitation, or acquisition and rehabilitation of permanent or transitional rental housing, and the conversion of nonresidential structures to rental housing.  Projects are not eligible if construction has commenced as of the application date, or if they are receiving 9 percent federal low-income housing tax credits.

MHP funds will be provided for post-construction permanent financing only.  Eligible costs include the cost of child care, after-school care, and social service facilities integrally linked to the assisted housing units; real property acquisition; refinancing to retain affordable rents; necessary on-site and off-site improvements; reasonable fees and consulting costs; and capitalized reserves.

Eligible Applicants

Local public entities, for-profit and nonprofit corporations, limited equity housing cooperatives, individuals, Indian reservations and Rancherias, and limited partnerships in which an eligible applicant or an affiliate of an applicant is a general partner.  Applicants or their principals must have successfully developed at least one affordable housing project.

Guidelines and Regulations

HCD is accepting public comments on the proposed guidelines from January 11, 2019 until February 11, 2019. Please submit your comments to MHP@hcd.ca.gov and indicate the specific guidelines section associated with each comment.

Draft Guidelines Workshops and Webinar

Location Date and Time
Sacramento
2020 West El Camino Avenue
Sacramento, CA 95833
Room 402A/B
Friday
January 18, 2019
8:30am - 12:00pm
Register now!
Webinar Tuesday
January 22, 2019
8:30am - 12:00pm
Register now!
Los Angeles
Ronald Reagan Building
300 South Spring Street
Los Angeles, CA 90013
Suite 1726
Thursday
January 24, 2019
8:30am - 12:00pm
Register now!
Oakland
CA Department of General Services
1515 Clay Street
Oakland, CA 94612
Room 1
Tuesday
January 29, 2019
8:30am - 12:00pm
Register now!
Visalia
Tulare County Office of Education
6200 South Mooney Boulevard
Visalia, CA 93227
Redwood Conference Center
Thursday
January 31, 2019
8:30am - 12:00pm
Register now!

Get Funding

Applications are invited through the issuance of Notices of Funding Availability (NOFAs).

Current NOFA

HCD’s goal is to issue an MHP NOFA in early April, 2019, under new guidelines, with application due in June 2019. Please be sure you are subscribed to the MHP emailing list to receive notifications and announcements.

2015 NOFA (06/05/2015)

2013 NOFA (02/07/2013)

Reporting Requirements (Asset Management and Compliance)

Upon completed construction of your project and closing of your HCD permanent loan, oversight of your project and loan is transferred to HCD’s “Asset Management and Compliance (AMC)” section.

Visit Asset Management and Compliance to find:

  • Your reporting requirements
  • Forms
  • Additional resources
  • Who to contact is you have questions

Program Forms

There are currently no general forms for the MHP program on the website at this time.

Management Memos

There are currently no MHP Management Memos on the website at this time.

Training and Technical Assistance

There are currently no MHP Training and Technical resources on the website at this time.