CA Releases Half a Billion Dollars for Affordable Housing

California's Governor Gavin Newsom today announced that $567 million is now available statewide to build much-needed multifamily affordable housing. This is part of the California Department of Housing and Community Development’s second round of funding under a streamlined, combined application across four programs which have to date provided over $1.3 billion to expand affordable, climate-smart, multifamily housing in California.

HCD is working to reduce barriers that constrain the growth of much-needed multifamily housing, making it easier for developers to apply to four different funding programs in a single application through the Super NOFA. 

Today, HCD released guidelines 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

“Governor Newsom has been resolute in addressing a housing supply deficit that has been decades in the making, and this new funding will lead to the construction of thousands of climate-friendly homes near economic opportunities,” said Business, Consumer Services and Housing Agency Secretary Lourdes Castro Ramírez. “We look forward to applications from communities across the state to build homes for hard-working farmworkers, unhoused veterans and low-income Californians.”

“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.”

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