The City of Long Beach is pleased to announce the availability of $5 Million dollars for the development of affordable rental housing units for households earning up to 60% of the area median income.
Donor Name: City of Long Beach
State: California
County: Los Angeles County (CA)
Type of Grant: Award
Deadline: 12/01/2022
Size of the Grant: $5 million
Details:
Eligible activities under the NOFA are limited to the development of affordable rental units in the City of Long Beach (new construction) serving households earning at or below 60% of the Los Angeles County median income (Median). A proposed project must contain a minimum of 60 units. A combination of Permanent Local Housing Allocation (PLHA) funds and the Low and Moderate Income Housing Asset Funds (LMIHAF) will be used to fund selected rental projects (new construction). As such, 25% (minimum) of the units in all projects are subject to the LMIHAF requirements/rents imposed by California Health and Safety Code (H&SC) Sections and other pertinent State statutes identified in this NOFA.
Funding Information
The amount of financial assistance allocated to eligible projects under this NOFA will be limited to $5 million.
Eligible Projects
This NOFA is for the development of new affordable rental housing projects serving households earning up to 60 percent of the Area Median Income. Priority will be given to family housing. In an effort to affirmatively further fair housing, projects located in a “High Resource” region in the TCAC/HCD Opportunity Map are preferred.
For more information, visit Family Affordable Housing.
