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HOME American Rescue Plan (HOME-ARP) Program – Rental Housing Development

Grantor:
Department of Housing and Community Development
Portal ID:
49889
Status:
Active
Opportunity Type:
  • Grant
  • Loan
Last Updated:
 | 
Categories:

Details

Purpose:

The HOME-ARP program provides funding for the acquisition, new construction, and rehabilitation of rental housing for qualifying populations and low-income households in California through a competitive application process.

Description:

The HOME-ARP Program is a one time allocation awarded to to states, units of local government, insular areas, and consortia of units of general local government that qualified for an allocation of HOME funds in Fiscal Year 2021. Funding is intented to address the need for homelessness assistance and supportive services specifically for qualifying populations defined as homeless, at risk of homelessness, fleeing, or attempting to flee domestic violence, dating violence, sexual assault, stalking, or human trafficking and other vulnerable populations at risk of housing instability. HOME-ARP funding for this NOFA will provide capital loans and grants to developers, Tribal Entities and other organizations in non-entitlement jurisdictions for the development of affordable rental housing.

The Department will award HOME-ARP funds for the development of eligible multifamily rental projects in California through a competitive application process.

Eligibility Requirements

Eligible Applicants:

  • Business
  • Nonprofit
  • Public Agency
  • Tribal Government

Eligible applicants for HOME-ARP funds include organizations, agencies, Native American Entities, or other entities, or a for-profit or nonprofit entity. This NOFA will detail the requirements of all eligible applicants.

Eligible Geographies:

HOME-ARP funding will only be distributed to Applicants who intend to acquire, rehabilitate and/or construct affordable rental housing projects located in Eligible State HOME-ARP Jurisdictions.

 

Matching Funding Requirement:

N/A

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.
July 2024
The length of time during which the grant money must be utilized.
48 months

Funding Details

The total projected dollar amount of the grant.
See Notes Below
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

Available Funding Notes:

The HOME-ARP Rental Housing NOFA will be approximately $89 million is available for this Rental Housing NOFA

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 Source Notes:

Program is governed under section 3205 of the American Rescue Plan Act of 2021 (P.L. 117-2) (“ARP”)

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)

Funding Method Notes:

Funds disbursed at construction and permanent closing.

How to Apply

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

Resources

For questions about this grant, contact:
Jason Bradley, 1-916-263-3803, Jason.Bradley@hcd.ca.gov

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