Annual Report Annual Report - California Department of Housing ...
Annual Report Annual Report - California Department of Housing ...
Annual Report Annual Report - California Department of Housing ...
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Transit Oriented Development<br />
TOD provides loans and grants as gap financing to developers, localities,<br />
redevelopment agencies and transit agencies to assist in the financing <strong>of</strong> housing<br />
development, associated infrastructure, and land acquisition. The program is designed<br />
to encourage higher density uses, including development <strong>of</strong> rental and for-sale housing<br />
within close proximity to transit stations that will increase public transit ridership.<br />
The program issued its first NOFA in December 2007 and awarded $145 million in 16<br />
loans and grants to affordable housing developers and localities, which included an<br />
additional $50 million in funding augmented through the passage <strong>of</strong> Chapter 39,<br />
Statutes <strong>of</strong> 2008 (AB1252, Caballero).<br />
The program’s first NOFA was significantly oversubscribed, with 59 applications<br />
requesting more than $545 million in assistance.<br />
Supportive <strong>Housing</strong> and Homeless Youth<br />
To increase the number <strong>of</strong> Supportive <strong>Housing</strong> and Homeless Youth applications, HCD<br />
staff conducted a series <strong>of</strong> technical assistance workshops in areas that expressed an<br />
interest in using Mental Health Services Act (MHSA) funding in conjunction with<br />
Supportive <strong>Housing</strong> and Homeless Youth projects. The MHSA program is a<br />
collaborative effort between the Multifamily <strong>Housing</strong> Program (MHP), the <strong>Department</strong> <strong>of</strong><br />
Mental Health (DMH) and the <strong>California</strong> <strong>Housing</strong> Finance Agency (CalHFA). The<br />
workshops included a comprehensive overview <strong>of</strong> MHP loan programs with an<br />
emphasis on clarifying the process <strong>of</strong> blending MHSA with MHP funding.<br />
MHP staff provided outreach and technical assistance to the County <strong>of</strong> Santa Barbara<br />
and the Monterey County Resource Management Agency. This resulted in the<br />
submittal <strong>of</strong> three new Supportive <strong>Housing</strong> projects and one Governor’s Homeless<br />
Initiative project that will create 154 new Supportive <strong>Housing</strong> units. Three <strong>of</strong> the four<br />
projects include MHSA funding.<br />
The Supportive <strong>Housing</strong> Program provides low-interest loans for affordable rental<br />
housing developments that contain supportive housing units. In March 2008 the<br />
Supportive <strong>Housing</strong> NOFA made seven awards totaling approximately $45 million.<br />
The Homeless Youth Program provides low-interest loans for affordable rental housing<br />
developments that contain units for homeless youth. Ten Homeless Youth awards<br />
totaling $21 million were issued in 2007-08.<br />
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