Once per year, the City solicits applications for development and preservation of affordable rental housing projects. Funding sources may be 2012 Housing Levy and/or federal funding (CDBG and HOME) that the City allocates. The City publishes a Notice of Funding Availability (NOFA) that describes specific funding priorities and requirements for receiving these funds.
Beginning May 15, 2013, up to $3.3 million will be available for the production of new rental (multifamily) housing primarily serving household that earn less than 50% of Areas Median Income.
Projects may also ask for funds in the Infill and Neighborhood Development program.
Applications are due no later than 5:00 p.m. on July 1, 2013