In collaboration with the Chief Executive Office of the County of Los Angeles, the Los Angeles County Development Authority (LACDA) released Notice of Funding Availability for Affordable Multifamily Rental Housing, Round 28 (NOFA 28).
Donor Name: Los Angeles County Development Authority (LACDA)
State: California
County: Los Angeles County (CA)
City: Los Angeles
Type of Grant: Grant
Deadline: 12/19/2022
Size of the Grant: $35,200,000
Details:
he focus of this NOFA is on new construction and acquisition/rehabilitation projects that create new Special Needs and affordable rental housing units for residents vulnerable to COVID-19 and in areas significantly impacted by the COVID-19 pandemic. Incorporating the principles of the County’s Anti-Racism, Diversity, and Inclusion Initiative, the LACDA seeks to support the creation of permanent housing to provide equitable relief and assistance to impacted communities.
An overriding goal is to ensure that recovery programs are equity-focused, community empowering, worker-centered, and results- and evidence-focused to maximize the benefits to the communities suffering disproportionate health and economic impacts from the COVID-19 pandemic.
Through this NOFA, eligible affordable multifamily rental housing projects may apply for capital financing, as well as rental assistance in the form of Section 8 Project-Based Vouchers (PBVs) and Project-Based Veterans Affairs Supportive Housing (PBVASH) Vouchers.
This NOFA makes available up to $35.2 million in capital funding for eligible permanent multifamily rental housing projects. Additionally, the LACDA is designating this NOFA as its public notice of a competitive request for the award of a combined total of 300 PBVs/PBVASH Vouchers.
Funding Information
This NOFA makes up to a total of approximately $35,200,000 in Affordable Housing Trust Funds (AHTF) for units reserved for qualifying Special Needs populations.
Target Populations
To qualify for funding, Special Needs units must target the following eligible populations:
- Homeless Households
- Chronically Homeless
- Homeless Seniors
- Homeless Veterans
- Homeless People with Mental Illnesses
- People Living with HIV / AIDS
- People with Intellectual/Developmental Disabilities
- Transition Age Youth (Homeless and At-Risk)
- Survivors of Domestic Violence/Human Trafficking/Sexual Assault
Geographic Limitations
An applicant may submit a maximum of one application for a project in the City of Los Angeles for which they are the Lead Developer.
Criteria
All eligible project types must meet the following minimum requirements:
- The project must be located entirely within Los Angeles County and within any geographic restriction for funding or rental assistance.
- The project must demonstrate financial feasibility and positive cash flow for at least 20 years.
- The project must ensure integration of the Target Population in the community by demonstrating adequate proximity to transportation, services, and other amenities.
- Proposed projects must demonstrate that Assisted Units are integrated with other units in the project and not located in their own separate floors or areas of the building.
- Applicants must facilitate or provide regular community-building activities and architectural design features that promote tenant interaction; and NOFA Round 28
- The supportive services and property management plans must document policies that promote participation by tenants in community activities and impose no restrictions on tenants that are not otherwise required by other project funding sources or would not be common in other unsubsidized rental housing in the community.
- Property Management Plans must be consistent with Housing First practices as required by Welfare and Institutions Code Section 8255(b) and described in more detail in the Supportive Services Criteria Supplemental Document.
- Tenant screening standards for the special needs units, including criminal background, housing history, and financial screening criteria (e.g., rental or other debt), must not be stricter than those used by the Public Housing Authority (PHA) that has jurisdiction over the location of the project site.
- Projects that are currently subject to affordability covenants or agreements are not eligible unless the affordability period is expiring within five (5) years of the NOFA application due date.
- For projects developed on land owned by or formerly owned by the LACDA or County of Los Angeles, at least 49% of the total units must be reserved for an eligible Special Needs population.
- Projects must be new construction, acquisition and operation, or acquisition with rehabilitation.
- A rehabilitation project must:
- Submit at the time of NOFA application a Capital Needs Assessment that meets the requirements of current CTCAC regulations.
- Provide new affordable units to the housing stock.
- Not displace low-income households, or remove units from the housing stock, unless the project provides for a two- (2) to-one (1) unit replacement.
- A rehabilitation project must:
- Projects seeking capital funds must not have submitted a current application for tax credits, received an award of tax credits, or commenced construction. Per HUD guidelines, projects that are only seeking PBVASH Vouchers may be in predevelopment or be completed (but not in construction).
- Eligible applicants include nonprofit and for-profit organizations, limited liability companies, limited partnerships, public agencies, local jurisdictions, community land trusts, and joint ventures among these entities.
For more information, visit Affordable Multifamily Rental Housing.
