Supportive Housing Multifamily Housing Program (SHMHP)

See the 2015-2016 NOFA for an important update.

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Purpose

To provide low-interest loans to developers of permanent affordable rental housing that contain supportive housing units.

Assistance Type

Deferred payment loans

Terms 

Loans have a 55-year term at three percent simple annual interest.  For the first 30 years, annual payments of 0.42 percent of the outstanding principal balance are required.  The annual payment for the next 25 years will be set by HCD in year 30, at the minimum necessary to cover HCD monitoring costs.  Unpaid principal and interest will be due at the end of the loan term.

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Eligible Activities

Funds may be used for new construction, rehabilitation, acquisition and rehabilitation, or conversion of nonresidential structures.  Priority points are given to projects using sustainable building methods specified in state regulations. 

SHMHP funds are for permanent financing only.  Eligible costs include facilities for child care, after-school care, and social service facilities integrally linked to the restricted housing units.  Development costs may include real property acquisition, refinancing to retain affordable rents. necessary on-site and off-site improvements. reasonable fees and consulting costs, and capitalized reserves.

Eligible Projects

The number of supportive units in a project must be at least five, or 35 percent of total units, whichever is greater, and they must have associated supportive services for households that are currently homeless, moving from shelters or transitional housing, or have a specified disability.

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Plans & Reports

  • 2015-2025 Statewide Housing Plan
  • California Inter-Regional Partnership (IRP) Program Final Report (2005)
  • The Future of Infill Housing: Opportunities, Potential, Feasibility and Demand (2005)
  • Recommendations of the Interagency Task Force on Homelessness (2003)
  • Raising the Roof - California Housing Development Projections and Constraints (2001)
  • Housing: California's Foundation for Economic Growth (PDF)
  • Draft Substantial Amendment to 2015-16 Annual Action Plan and Public Notice (PDF)
  • 2010-2015 California Consolidated Plan
  • Annual Plan, CAPER (updated annually)