California

The California Department of Housing and Community Development (HCD) released the Round Four Multifamily Housing Program (MHP) Application, which accompanies the July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT.

The California Debt Limit Allocation Committee (CDLAC) will hold a meeting on August 11 at 11 a.m. PT followed by a California Tax Credit Allocation Committee (TCAC) meeting at 11:15 a.m. PT or upon adjournment of the CDLAC meeting.

The California Department of Housing and Community Development (HCD) released the Round 4 Multifamily Housing Program (MHP) July 2021 Notice of Funding Availability (NOFA) for approximately $220 million. Applications are due by September 20 at 5 p.m. PT. HCD will hold virtual NOFA workshops, which offer participants the opportunity to hear an overview of the NOFA and any updates that have developed since the third round in July 2020.

The California Department of Housing and Community Development (HCD) posted the Infill Infrastructure Grant (IIG) program Round 7 Applications received and self-scores list. The information was provided by applicants and has not yet been verified by HCD. 

California Gov. Gavin Newsom (D) announced the appointment of Tiena Johnson Hall as the new executive director of the California Housing Finance Agency (CalHFA). 

Johnson Hall, a member of CalHFA’s Board of Directors since November 2014, has served as a senior vice president and manager of community development finance for BBVA Compass Bancshares Inc. since October 2014. Prior to that, she held various housing positions in both the private and public sectors. 

Standard Communities announced it has led a public-private partnership that acquired Union South Bay Apartments, a 357-unit community in Carson, CA. Standard said it utilized California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing.  

The California Department of Housing and Community Development (HCD) is seeking feedback on its Multifamily Housing Program (MHP) Draft Guidelines and Statement of Reasons. Comments should be sent by August 6 via this form. The 2022 MHP Guidelines will apply, in large part, to all HCD multifamily development programs. With the MHP Guidelines as the cornerstone, HCD will simplify several programs into one funding opportunity–the Super NOFA–and application process. 

Governor Gavin Newsom (D) recently approved California’s 2021-2022 budget, which includes the following investments in affordable housing:  

A bill recently approved by California legislature and Governor Gavin Newsom (D) extends the state’s eviction moratorium through the end of September and will pay off 100 percent of all past due rent from April 2020 through September 30, 2021 for tenants making less than 80 percent of the area median income. The state will also assist with unpaid utility bills.

The California Statewide Communities Development Authority (CSCDA) has acquired The Link apartments in Glendale. The acquisition was a public-private collaboration among Standard Communities, CSCDA’s Community Improvement Authority, Stifel Nicolaus & Company, Faring and the city of Glendale.  

Standard Communities announced it has led a public-private partnership that acquired The Link Apartments, a 143-unit community in Glendale, CA, using California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing. 

The California Department of Housing and Community Development (HCD) is seeking comments on its multifamily housing program (MHP) draft guidelines. The final 2022 MHP Guidelines will apply, in large part, to all HCD multifamily development programs.