2021 HOME NOFA Amendment (City, County, Developer Only)

Portal ID:
8684
Status:
Active
Opportunity Type:
  • Grant
  • Loan
Last Updated:

Details

Purpose:

The intended outcomes from this grant opportunity are as follows:Create approximately 150 new units of affordable rental housingCreate approximately 25 new affordable single family homes for purchase Assist with the purchase or rehabilitation of approximately 250 affordable single-family residencesProvide approximately 24 months of rental assistance to 300 low-income households.

Description:

The HOME Program is intended to fund a variety of projects and programs. Applicants can include Cities, Counties, Tribal Entities or Tribally Designated Housing Authorities, Community Housing Development Organizations, and other Developers.

Activities funded include the acquisition and new construction or rehabilitation of multi-family projects providing housing to income-eligible tenants, the development of single-family residences to be sold to income-eligible households, and to fund local programs that provide first-time homebuyer downpayment assistance, owner-occupied rehabilitation, and tenant-based rental assistance. Cities, Counties and Tribal entities are eligible only if they do not receive a direct HOME allocation from HUD. Developers and CHDOs must locate their projects to serve communities that do not receive a direct HOME allocation from HUD.

Projects may receive a grant or loan depending on the applicant for up to $7M. Programs maximum grant amount will be $2M and applicants can utilize the funds for any of or all three of the eligible activities to fund fund homebuyer downpayment loans, owner-occupied rehabilitation loans/grants and tenant-based rental assistance grants.

KEYWORDS

rehabilitationdownpayment assistancetenant-based rental assistancerental housingHOME. 

 

*** NOTE: This application deadline is for City, County, Developer Only, see separate opportunity for Tribal Entities***

This funding provides loans or grants to eligible HOME Applicants serving low-income (at or below 80 percent of Area Median Income (AMI)) and very low-income (at or below 50 percent of AMI) households.

All housing assisted with these funds will be occupied by households that meet the income restrictions for the program which require the funds go to serve households whose incomes are at or below 80% AMI. 

Eligibility Requirements

Eligible Applicants:

  • Business
  • Public Agency

Business would be a for profit Developer.

 

 

Eligible Geographies:

Funds can be utilized to fund programs or build projects in only communities that do not receive a direct HOME allocation from HUD.

Important Dates

Application deadline The date (and time, where applicable) by which all applications must be submitted to the grantor.
Ongoing
Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant.
June 2022
Period of performance The length of time during which the grant money must be utilized.
See STD Agreement

Funding Details

Total estimated available funding The total projected dollar amount of the grant.
$72,000,000
Expected number of awards 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
Estimated amount per award 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
Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
Yes ( see Description for details )
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
Funding Source: 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.
  • Federal
Funding Method: 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:
Melissa Harty-Swaleh, Jay Cortese, or Nicole' McCay, 1-916-263-2771, HOMENOFA@hcd.ca.gov