The California Department of Housing and Community Development (HCD) released the Tier Two Project Solicitation for approximately $800 million in California Housing Accelerator funds.
The funding will support shovel-ready projects that, despite having an existing HCD loan commitment from one or more HCD loan programs, are unable to move forward due to funding gaps that resulted from the current shortage of tax-exempt bond allocations and LIHTCs. Applications are due by 4 p.m. PT on April 8.