Grants and Funding
By administering programs that provide grants and loans (from both state and federal housing programs), HCD creates rental and homeownership opportunities for Californians from all walks of life, including veterans, seniors, young families starting out, people with disabilities, farmworkers, and individuals and families who are experiencing homelessness. Over the last three decades, HCD has provided more than $3 billion of funding for the development of affordable housing and associated infrastructure, but HCD’s role does not end once the awards are made. Through long-term monitoring, HCD ensures the developments continue to provide safe and affordable homes, and that the homes remain well-maintained and financially sound.
During 2016-17, HCD awarded 238 grants and loans totaling more than $460 million.
The awards made in 2015-16 are projected to:
- Preserve 3,736 affordable homes and apartments.
- Rehabilitate 696 substandard homes and apartments.
- Create 2,742 new, affordable places to live.
- Create or rehabilitate 1,880 migrant farmworker rental homes, which are operated during harvest season.