$567 million announced for new affordable housing construction

California Construction News staff writer

More than $567 million is now available statewide to build multifamily affordable housing, the second round of funding under a streamlined, combined application across four state-wide programs.

The first round of multifamily finance super notice of funding (Super NOFA) awards announced in February totaled more than $825 million and launched the development of 9,550 homes in 58 communities across California.

The Round 2 Super NOFA application portal opens June 1, with applications due by July 12 at 4:00 p.m. PST. Round 2 Super NOFA award announcements are anticipated in Winter 2023.

“Despite challenging economic conditions, California is keeping our commitment to spur the development of needed housing in all 58 counties,” said Governor Gavin Newsom. “We’ll continue to provide major funding and resources, coupled with strict accountability measures, to tackle the housing shortage that threatens California’s growth and long-term prosperity.”

Guidelines were released for the $576 million 2023 Super NOFA, along with a notice of funding availability for the following programs:

• Multifamily Housing Program – $236 million
• Infill Infrastructure Grant Program – $168 million
• Joe Serna, Jr., Farmworker Housing Grant Program – $110 million
• Veterans Housing and Homelessness Prevention Program – $62 million

“HCD continues to innovate and collaborate with stakeholders to build more affordable housing faster,” said HCD Director Gustavo Velasquez. “This announcement of over $500 million to build multifamily affordable housing demonstrates our commitment to supporting cities and counties in meeting their affordable housing requirements.”