Predevelopment Loan Program (PDLP)
- Assistance Type and Terms
- Eligible Activities and Applicants
- Application and Attachments
- Get Funding — Current Notice of Funding Availability (NOFA)
- Previous Notices of Funding Availability (NOFAs)
- Reporting Requirements (Asset Management and Compliance)
- Program Forms
- Management Memos
- Training and Technical Assistance
Provide predevelopment capital to finance the start of low-income housing projects.
Three percent simple annual interest short-term loans for up to two years. Maximum loan amount for purposes other than site option or site purchase is $100,000. The maximum amount committed to any one borrower at any point in time is announced in each Notice of Funding Availability (NOFA).
Predevelopment costs of projects to construct, rehabilitate, convert, or preserve assisted housing, including manufactured housing and mobilehome parks. Eligible costs include but are not limited to site control, site acquisition for future low-income housing development, engineering studies, architectural plans, application fees, legal services, permits, bonding, and site preparation. Priority will be given to developments which are rural, located in the public transit corridors, or which preserve and acquire existing government-assisted rental housing at risk of conversion to market rents.
Local government agencies, nonprofit corporations, cooperative housing corporations, and limited partnerships or limited liability companies where all the general partners are nonprofit mutual or public benefit corporations.
Applications are accepted and evaluated and funds awarded on a continuous basis as funds are available.
Applications are invited through the issuance of Notices of Funding Availability (NOFAs).
The PDLP program does not have a current NOFA. If money becomes available to fund the PLDP program in the future, NOFA information will be posted here.
There are currently no awards available for PDLP.
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
- Additional resources
- Who to contact if you have questions
At this time, there are no general forms for the PDLP program on the website.
At this time, there are no PDLP Management Memos on the website.
Training and Technical Assistance
At this time, there are no PDLP Training and Technical resources on the website.