COMMUNITY DEVELOPMENT COMMISSION AND
HOUSING AUTHORITY OF THE COUNTY OF LOS ANGELES
(PUBLIC AGENCIES)

 NOFA Bulletin 2010-3
Architectural Design Guidelines
Sustainable Rehabilitation Guidelines
Energy Efficiency Incentive Overview
Appendix 15

 NOFA Bulletin 2010-2 

 MIXED POPULATIONS HOUSING - FOCUS GROUP MINUTES (07-01-10) 

 NOFA Bulletin 2010-1 (Earth Day Issue)


Si desea más información sobre éste anuncio, por favor llame a Carmen Hernandez al teléfono (323) 890-7258 o a Blanca de la Cruz al teléfono (323) 890-7045.


HOME PROGRAM

One of the key resources for financing affordable housing is the HOME Investment Partnerships Program, sponsored by the U.S. Department of Housing and Urban Development and administered by the Commission on behalf of the County of Los Angeles.

What is the HOME Program?
HOME funds are allocated to the County by the federal government on an annual basis. Approximately $5.5 million dollars are made available annually for housing development, with 15 percent of these funds reserved exclusively for use by non-profit Community Housing Development Organizations (CHDOs).

HOME funds are awarded to proposed developments, based on proposals that are submitted by developers and evaluated on a competitive basis. The funds are allocated only to developments in the unincorporated county areas (the yellow colored areas in a Thomas Guide), and in 45 cities that participate in the Commission’s Urban County Program. Participating Cities are cities with less than 50,000 in population and are listed in the Notice of Funding Availability (NOFA) for the HOME Program.

HOME Program funds are awarded for use along with other financial resources. The funds are awarded to finance the “affordability gap” in affordable multifamily rental and for-sale housing development. The “affordability gap” is the dollar amount of financing needed when the rental revenues are inadequate to repay a loan(s) needed for the development of housing or when a mortgage amount available to a low-income household is not enough to purchase a house.

Affordable rental developments proposing to use HOME funds are required to set aside a minimum of 20 percent of the units for households that earn 50 percent or less of the median income for the Los Angeles/Long Beach area (median income). For-sale developments proposing to use HOME funds must make all units available to households earning 80 percent or less of the median income.

Proposed developments that are located within 500 feet of a freeway are not eligible. To determine proximity of a property to the freeway, applicants are to use the GIS Measurement Guide listed below as a link.

Applications to use HOME funds are accepted upon the issuance of a Notice of Funding Availability (NOFA). However, it is highly recommended that the applicant request an environmental review as early as possible. Processing the review under the National Environmental Protection Act (NEPA) takes approximately 4-5 months and recommended projects will not be approved without NEPA clearance. 

2010 Utility Allowance    
City of Industry Funds
Multifamily Bond Program
Housing Categories and Definitions
2010 Architectural Design Guidelines
2010 Sustainable Rehabilitation Guidelines
 2010 HOME Rent and Income Limits  
GIS Measurement Guide 
2009 Underwriting Guidelines