Multifamily Finance Super NOFA
The Multifamily Finance Super NOFA funds affordable multifamily rental housing projects in California that have prior HCD awards but need additional support to close funding gaps and start construction.
Funder: California Department of Housing & Community Development
Due Dates (Anticipated): May 2027 (Application available/portal opens) | June 2027 (Full application deadline) | September 2027 (Commitment to apply to CDLAC/CTCAC cycle)
Funding Amounts: Typical awards range from $3 million to $15 million per project; total annual funding pool is approximately $240 million (may be augmented).
Summary: Streamlined, competitive funding for affordable multifamily rental housing projects in California that have prior HCD awards but face funding gaps.
Key Information: Applicants must commit to apply for the next CDLAC and CTCAC funding cycle and meet readiness/eligibility requirements.
Description
The Multifamily Finance Super NOFA (MFSN) provides a consolidated application process for several of California's major affordable housing programs, targeting the development, rehabilitation, and preservation of multifamily rental housing for low-income households. The initiative is designed to accelerate affordable housing production, improve equity in serving the lowest-income Californians, and streamline the funding process for developers and community partners. The NOFA is particularly focused on projects that have received prior HCD funding but cannot proceed to construction due to remaining funding gaps.
