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Transit-Oriented Development (TOD) Housing Program

Grantor:
Department of Housing and Community Development
Portal ID:
2172
Status:
Closed (47 total applications submitted)
Opportunity Type:
  • Grant
  • Loan
Last Updated:
Categories:

Details

Purpose:

To increase public transit ridership by funding higher density affordable housing developments within one-quarter mile of transit stations and infrastructure improvements necessary for the development of specified housing developments.

Description:

The California Department of Housing and Community Development (HCD) announced the release of the Notice of Funding Availability (NOFA) for approximately $141 million in funds for the Transit-Oriented Development (TOD) Housing Program. This funding provides low-interest permanent Loans to eligible Sponsors for Rental Housing Developments. It also provides Grants to Localities and public transit agencies for Infrastructure Projects necessary for the development of specified Housing Developments, or to facilitate connections between these developments and a Transit Station. This Notice of Funding Availability makes funding available to Sponsors, Localities, and transit agencies for the purpose of increasing public ridership by funding higher density developments within one-quarter mile of Transit Stations and infrastructure improvements necessary for the development of specified housing developments.

Under the program, low-interest loans are available as gap financing for rental housing developments near transit that include affordable units. In addition, grants are available to Localities and transit agencies for infrastructure improvements necessary for the development of specified housing developments, or to facilitate connections between these developments and the transit station.

The maximum Program Rental Housing Development Loan amount awarded for a single Housing Development or to a single Applicant, including any affiliates of such Applicant, is $10 million.  The maximum Program Infrastructure Project Grant awarded to a Locality or transit agency Applicant is $5 million. The total maximum award amount for a single Project is $15 million.

Eligibility Requirements

Eligible Applicants:

  • Nonprofit
  • Public Agency

Refer to program Guidelines.

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.
October 2020
The length of time during which the grant money must be utilized.
Refer to Guidelines or Notice of Funding Availability

Funding Details

The total projected dollar amount of the grant.
$141,000,000
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).
  • Advances & Reimbursement(s)

How to Apply

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

Resources

For questions about this grant, contact:
1-916-263-2911, TOD@hcd.ca.gov

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