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Veterans Housing and Homeless Prevention/HCD

Grantor:
Department of Housing and Community Development
Portal ID:
5986
Status:
Closed (21 total applications submitted)
Open Date:
5/5/21 00:00
Opportunity Type:
  • Loan
Last Updated:
Categories:

Details

Purpose:

The VHHP program finances the development of affordable rental and Transitional Housing for Veterans, with an emphasis on housing Extremely Low- Income Veterans experiencing Homelessness. The VHHP program is administered by the Department, in collaboration with the California Department of Veterans Affairs (CalVet) and the California Housing Finance Agency (CalHFA).

Description:

The Veterans Housing and Homelessness Prevention loan provides post-construction residual receipts permanent loans to fund the development of affordable multifamily rental housing that contains permanent supportive housing units and affordable housing units for veterans and their families. Funds are used for the acquisition and/or construction or rehabilitation of an affordable rental housing development or transitional housing, or the conversion of an existing structure.
Funds shall be used for approved development costs and to refinance loans used to cover such costs. The maximum loan amount is $15 million per project. Base amount/assisted unit is $95,000 for 9% tax credit projects and $175,000 for non-9% tax credit projects. Manager’s units will receive a loan amount based on 60% AMI.

Funding is available statewide with geographic targeting to encourage the development of Veteran housing in regions with high concentrations of California’s most vulnerable Veterans. Awards may be adjusted to meet these targets, if necessary.

Eligibility Requirements

Eligible Applicants:

  • Business
  • Individual
  • Nonprofit
  • Public Agency
  • Tribal Government

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
November 29, 2021
The length of time during which the grant money must be utilized.
See std agreement

Funding Details

The total projected dollar amount of the grant.
$75,000,000
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State
The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Reimbursement(s)

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
Kendra Gubaydullin/Patricia Gacutan, 1-916-263-1435, HCDVets@hcd.ca.gov

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