California Department of Housing and Community Development Announces $262 Million in Awards for Affordable Multifamily Housing Developments
SACRAMENTO — For years, California has been underbuilding homes, especially multifamily housing. This lack of supply and skyrocketing rents and home prices have created heavy, overwhelming cost burdens on families. In the ongoing effort to address California’s affordability crisis, today, the California Department of Housing and Community Development (HCD) awarded more than $262 million from the Multifamily Housing Program to preserve and build new affordable homes.
The Multifamily Housing Program awards are funded from Proposition 1 — the Veterans and Affordable Housing Bond Act of 2018 — which California voters approved on November 6, 2018, authorizing bonds providing $1.5 billion in new funding for housing. This funding will assist with new construction of affordable homes and acquisition, rehabilitation, and preservation of permanent and transitional rental housing for lower-income households.
“This voter-approved funding represents a significant investment in affordable rental housing across California,” said Alexis Podesta, Secretary of the Business, Consumer Services and Housing Agency, which oversees HCD. “California is experiencing an extreme housing shortage and this funding shows continued commitment to create ‘A California for All’.”
An additional $175 million in available funding for the Multifamily Housing Program will be released January 2020.
A list of awardees is attached.
DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT MULTIFAMILY HOUSING PROGRAM
Awardee List
| Project Sponsor | Project Name | County | Amount Awarded |
|---|---|---|---|
| Eden Housing, Inc. | Alameda Point Family | Alameda | $ 11,385,919 |
| Pacific West Communities, Inc | Sunrise Village Senior Apartments | Butte | $ 4,900,000 |
| Mercy Housing California | Hacienda | Contra Costa | $ 17,566,750 |
| Satellite Affordable Housing Associates | Veterans Square | Contra Costa | $ 4,427,653 |
| Housing Authority of the County of Kern | 22nd Street Lofts | Kern | $ 2,154,500 |
| Abode Communities | La Veranda | Los Angeles | $ 16,600,000 |
| Abode Communities | Adams Terrace | Los Angeles | $ 8,000,000 |
| East LA Community Corporation | Whittier Place Apartments Phase ll | Los Angeles | $ 3,491,680 |
| Hollywood Community Housing Corporation | Palm Vista Apartments | Los Angeles | $ 16,311,615 |
| Many Mansions, a California nonprofit corporation | Sun King Apartments | Los Angeles | $ 3,317,727 |
| Many Mansions, a California nonprofit corporation | La Guadalupe | Los Angeles | $ 3,635,800 |
| PATH Ventures | West Carson Villas | Los Angeles | $ 20,000,000 |
| West Hollywood Community Housing Corporation | Berendo Sage | Los Angeles | $ 8,899,300 |
| Self-Help Enterprises | Madera Village | Madera | $ 6,259,193 |
| LINC Housing Corporation | Beaumont 2 | Riverside | $ 11,907,030 |
| Mutual Housing California | Lavender Courtyard by Mutual Housing | Sacramento | $ 11,263,818 |
| Community HousingWorks | Ulric Street Apartments | San Diego | $ 18,222,571 |
| Community Housing Partnership | Mission Bay South Block 9 | San Francisco | $ 17,000,000 |
| Community Housing Partnership | 53 Colton | San Francisco | $ 11,530,497 |
| Tenderloin Neighborhood Development Corporation | 681 Florida Street | San Francisco | $ 14,706,000 |
| Resources for Community Development | Sango Court | Santa Clara | $ 14,549,907 |
| Self-Help Enterprises | Sequoia Commons II | Tulare | $ 9,568,327 |
| Many Mansions, a California nonprofit corporation | Mountain View Apartments | Ventura | $ 17,398,993 |
| Mutual Housing California | Mutual Housing at 5th Street | Yolo | $ 9,392,144 |
| Total | $ 262,489,424 |