The City of Calabasas (City) is pleased to issue this Notice of Funding Availability (NOFA) for affordable housing development in the incorporated areas of Calabasas, CA.
Donor Name: City of Calabasas
State: California
County: Los Angeles County (CA)
City: Calabasas
Type of Grant: Grant
Deadline: 10/31/2022
Size of the Grant: $250,000
Details:
The City will make available to qualified housing developers up to $3,257,461 of Community Development Block Grant – Disaster Recovery (CDBG-DR) funds through the California Department of Housing and Community Development’s (HCD) Disaster Recovery – Multifamily Housing Program (DR-MHP), and up to $1,200,000 from the City’s Affordable Housing Trust Fund.
Funding Information
The minimum award amount for a project is $250,000.
Eligibility Criteria
Qualified affordable housing developers/project sponsors (“Applicants”) that meet the NOFA requirements are encouraged to submit proposals. Eligible Applicants include for-profit or non-profit corporations, individuals, general or limited partnerships, or limited liability companies. Applicants without the necessary experience must enter into joint venture agreements with experienced developers to be considered.
Project Eligibility
HCD Approval of Recommended Projects: Any Project(s) recommended for funding by the City from DR-MHP funds are subject to final approval by HCD in accordance with the DR-MHP Policies and Procedures.
- Eligibility of multifamily housing Projects will be assessed by HCD based on specific eligibility criteria, which include:
- CDBG-DR funds are limited to low to moderate income-housing units. Proposed Projects may have mixed-income units, but CDBG-DR funds must be applied to only the Affordable Units for occupation by Low- to Moderate Income Households.
- The proposed Project must be located in a Most Impacted and Distressed (MID) area or otherwise impacted by DR-4407 in accordance with the Jurisdiction’s allocation.
- The proposed project must tie back to the disaster by increasing the supply of affordable housing units.
- The proposed Project must have a minimum of 8 total units.
- The proposed Project must have a minimum of four Affordable Units or 30 percent of the total number of units must be Affordable Units, whichever is greater. Pursuant to 24 CFR 570.483(b)(3), if the project is a rehabilitation project or a senior new construction project, the project must include at least 51% of units as LMI- occupied, or a waiver must be requested. All rehabilitation projects must result in the addition of affordable units to the affordable housing stock to be deemed eligible.
- The proposed Project must meet one of the HCD Project types defined in the “2019 Multifamily Housing Program Guidelines” Article 2, Section 7302 (e) (1-5) including, 1) Large Family, 2) Special Needs, 3) Seniors, 4) Supporting Housing, and 5) At High Risk.
- Prior to HCD issuing a firm commitment letter and Notice to Proceed, all sources of funding required to develop and operate the Project with positive cashflow for the duration of the affordability period must be identified, documented as committed, and accessible
- The proposed Project must be documented as cost reasonable, which is what a reasonable person would pay in the same or similar circumstances for the same or similar items or services. Cost reasonableness may be documented by comparing costs between vendors or to similar Projects.
- The proposed Project must successfully meet environmental review clearance and receive an Authority to Use Grant Funds (ATUGF) or environmental clearance letter from HCD prior to HCD issuing a firm commitment letter and Notice to Proceed.
- The proposed Project must adhere to the Housing Element requirements listed in HSC 50829 and 50830.
- The proposed Project must meet the following affordable rent requirements and tenant income limits through the duration of the affordability period. At a minimum, the following thresholds must be adhered to in all Projects:
- Maximum Affordable Rents (inclusive of all utility costs) for DR-MHP-Assisted Units restricted for Households with an annual income between 31% – 80% Area Median Income shall not exceed the High HOME rents as designated for the Project area. Maximum Affordable Rents (inclusive of all utility costs) for DR-MHP Assisted Units restricted for Households with an annual income at 30% or below Area Median Income (Extremely Low Income) shall not exceed the California Tax Credit Allocation Committee’s 30% income level maximum rent limits as designated for the Project area.
- Multifamily developments must provide for a minimum affordability period of 55 years. This requirement applies to for the rehabilitation, reconstruction, or new construction of multifamily rental Projects
- Sale of a Project during the affordability period is acceptable; however, the 55- year minimum affordability period must still be adhered to and shall be included as a deed restriction.
- The proposed Project must be completed and occupied by May 31, 2026.
- Proposed Projects must be located within incorporated areas of the City. This area has been identified as a Most Impacted and Distressed (MID) area impacted by the 2018 wildfires per the Federal Emergency Management Agency’s Disaster Declaration DR-4407.
For more information, visit City of Calabasas.
