CSAC Bulletin Article

More than $2.8 Billion in Housing Funding Scheduled for Release

August 17, 2023

The California Department of Housing and Community Development (HCD) has released its 2023-2024 Notice of Funding Availability (NOFA) calendar.

HCD’s NOFA calendar shows:

  • NOFA release dates
  • Application deadlines
  • Anticipated award dates for all HCD funding programs

Over the next 18-months, HCD will make available more than $2.8 billion in funding for affordable housing and homelessness prevention. This includes more than:

  • $1 billion in permanent financing for the development/preservation of multifamily housing
  • $124 million to create affordable homeownership opportunities
  • $129 million in critical infrastructure support development
  • $124 million in funding targeted for Tribal entities
  • $438 million in combined state and federal funding for non-entitlement jurisdictions and disaster-impacted communities   

These funds will be critical in meeting the administration’s mission of reducing homelessness and providing all Californians with a safe and affordable place to call home.

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