Multifamily Finance Super NOFA
Forecasted
The Multifamily Finance Super NOFA from California HCD provides streamlined funding to fill construction gaps for affordable multifamily housing projects with existing HCD awards.
Funder: California Department of Housing & Community Development
Due Dates (Anticipated): June 2027 (Full application) | September 2027 (Tax credit/bond cycle commitment)
Funding Amounts: $3 million–$15 million per project (typical); total pool ~$240 million; up to 60% of total development cost
Summary: Streamlined funding for affordable multifamily rental housing projects in California with existing HCD awards facing construction funding gaps.
Key Information: Only projects with unexpired HCD awards and no construction start are eligible; must commit to next CDLAC/CTCAC cycle.
Description
The Multifamily Finance Super NOFA (MFSN), administered by the California Department of Housing & Community Development (HCD), consolidates access to several major state affordable housing funding programs. The MFSN Gap Funding round is specifically designed to support construction-ready multifamily rental housing projects that already have an unexpired HCD funding award but have not yet started construction and face a remaining funding gap. The program integrates resources from the Multifamily Housing Program (MHP), Infill Infrastructure Grant, Veterans Housing and Homelessness Prevention, and Joe Serna, Jr. Farmworker Housing Grant, among others. Its goal is to accelerate affordable housing production for California’s lowest-income residents by streamlining the application process and funding access.
