Homeless Youth Multifamily Housing Program (HYMHP)
Contact
(916) 263-2771
Program Details
- Purpose
- Assistance Type and Terms
- Eligible Activities
- Eligible Projects
- Get Funding — Current Notice of Funding Availability (NOFA)
- Previous Notices of Funding Availability (NOFAs)
- Awards
- Reporting Requirements (Asset Management and Compliance)
- Program Forms
- Management Memos
- Training and Technical Assistance
Purpose
To provide low-interest loans to developers of affordable rental housing that contain units for homeless youth (HY).
Assistance Type
Deferred-payment loans
Assistance Terms
Loans have a 55-year term at three percent annual simple 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 amount necessary to cover HCD monitoring costs. Unpaid principal and interest will be due at the end of the loan term.
Eligible Activities
Eligible costs include project development capital costs, including facilities for child care, after-school care, and social services integrally linked to the restricted housing units. Capital 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
Funds may be used for permanent multifamily rental and transitional housing projects involving new construction, rehabilitation, acquisition and rehabilitation, or conversion of nonresidential structures. Projects must contain five or more HY units with associated supportive services. Target population and eligible household requirements apply at initial occupancy only. HY are either emancipated minors, or those who are at least 18 years old, homeless or at risk of homelessness, no longer eligible for foster care on the basis of age, or who have run away from home.
Get Funding
Applications are invited through the issuance of Notices of Funding Availability (NOFAs).
Current NOFA
The HYMHP program does not have a current NOFA. Please be sure you are subscribed to the MHP emailing list to receive notifications and announcements.
There are currently no previous NOFAs available for HYMHP.
There are currently no awards available for HYMHP.
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
- Forms
- Additional resources
- Who to contact if you have questions
Program Forms
At this time, there are no HYMHP Management Memos on the website.
Management Memos
At this time, there are no HYMHP Management Memos on the website.
Training and Technical Assistance
At this time, there are no HYMHP Management Memos on the website.
Resources
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)