East of Eaton Resident Lucille
June 17, 2024
Chico, CA —  

East of Eaton is an affordable housing community in Chico California. Open since 1992, the East of Eaton property needs many repairs, including safety upgrades.

HCD’s Portfolio Reinvestment Program provides strategic investments to help…

Construction worker at the Sequoia.
June 13, 2024

Preserving existing affordable homes is vital to addressing California’s housing and homelessness crisis. As housing properties age, they require costly repairs and upgrades, and with little funds for maintenance, some properties have fallen in…

Graphic of multifamily homes; text Portfolio Reinvestment Program
June 11, 2024

Preserving existing affordable homes is vital to addressing the state’s housing and homelessness crisis.

HCD-funded housing developments must keep their homes affordable for a number of years. But when these affordability agreements end,…

Photo courtesy of MidPen Housing
April 6, 2023
Sacramento, CA —  

To ensure availability of affordable housing for lower-income Californians priced out of the rental market, the Department of Housing and Community Development (HCD) today announced the first of several awards from the new Portfolio Reinvestment…