AHMA-PSW’s Affordable Housing News 11/21/19

The California Department of Housing and Community Development (HCD) just finalized the application process for borrowers and sponsors who wish to request an interest rate reduction on an HCD loan prior to the close of permanent financing. Look for the “Interest Rate Reduction Application Certification” and the “Interest Rate Reduction Sponsor Process” documents, which are available for the following funding programs: Affordable Housing and Sustainable Communities (AHSC), Home Investment Partnerships Program (HOME), Housing for a Healthy California (HHC), Joe Serna Jr., Farmworker Housing Grant, Loan Portfolio Restructuring (LPR), Multifamily Housing Program (MHP), National Housing Trust Fund (NHTF), No Place Like Home (NPLH), Supportive Housing – Multifamily Housing Program (SHMHP), Transit Oriented Development (TOD), Veterans Housing and Homelessness Prevention (VHHP). Questions? Email LoanClosing@hcd.ca.gov.
On November 15, 2019 the Arizona Department of Housing issued an Information Bulletin providing a web address to access the RFP for Development of Veterans Housing in Prescott. That web address has been updated. Please click here to download the Information Bulletin for any additional information.

Legislative Updates