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calhousing

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Affordable Housing Finance
Below you will find a list of sources of favorable financing for affordable housing. Please reply with missing sources, when programs are discontinued, and when links cease to work. We will keep the list updated with your help.

1. The CTCAC 9% Program awards tax credits which are used to raise equity for affordable housing (website | overviewregulations).

2. The CTCAC 4% Program awards tax credits (to projects that issue tax exempt bonds), which are used to raise equity for affordable housing (website | overviewregulations).

3. The CTCAC Farm-worker Tax Credit is available to affordable projects that house farm-workers (websiteoverview | regulations).

4. The CDLAC Tax Exempt Bond Program awards tax exempt bond authority to issuers who use that authority to increase the capital that can be raised through lower interest rates (website | overview | regulations).

5. The HCD creates rental and homeownership opportunities by administering programs that provide grants and loans (from both state and federal programs) (website | overviewregulations).

6. The CalHFA was chartered as the state's affordable housing lender, and has provided financing programs for over 40 year through bonds which are repaid by revenues generated through mortgage loans (website | overview | regulations).

7. The USDA provides grant funding for rural development (website | overview | regulations).

8. The HUD provides grants and loans to community development corporations (CDCs) and community housing development organizations (CHDOs) (website | overview | regulations).

9. The FHLB 11 district banks make up the Federal Home Loan Bank System which provide grant and loan programs for affordable housing and economic development (website | overview | regulations).


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