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.

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Implementation Status of HCD’s State Funded Programs

The charts below provide a snapshot of current program fund balances and an estimated outstanding pipeline of HCD-funded projects seeking tax credits and bond allocations.

Status of Bond
Estimated Outstanding Bond

Please view the most recently published Notice of Funding Availability Calendar for information on anticipated NOFA release dates, application due dates and award dates.

HCD 2019-20 Grants and Funding Accomplishments:

HCD awarded 958 grants and loans totaling more than $2.5 billion projected to:

HCD’s Asset Management and Compliance

For more information on HCD’s accomplishments, please check out the Annual Report

Administrative Memos on HCD Programs

Memo Date Subject Description
22-02 March 30, 2022 Notice of Disencumbrance (PDF) Sets forth the Department’s disencumbrance policy applicable to all HCD state funded multifamily rental programs.
22-01 March 30, 2022 Notice of Negative Points (PDF) Sets forth the Department’s negative points policy applicable to all state and federal funding programs which will apply to any application submitted under a Notice of Funding Availability released on or after March 30, 2022.
21-05 June 22, 2021 Notice of Omnibus Interpretive Guidance to Program Guidelines (PDF) Sets forth and repeals certain requirements under multiple multifamily financing programs for the purposes of securing Calendar Year 2021 disaster credits through the California Tax Credit Allocation Committee (CTCAC)
21-06 August 11, 2021 Repeal of Stacking Prohibition of Multiple Department Funding Sources (PDF) Sets forth and repeals the Department’s stacking prohibition of multiple Department Funding Sources for all multifamily programs allowing the use of multiple funding sources on the same Assisted Unit in a single Project for applications submitted for HCD on or after July 1, 2021