The California Department of Housing and Community Development (HCD) is seeking feedback on the NOFA and program guidelines for the next round of its Transit-Oriented Development (TOD) program. Thanks to new, voter-approved housing bonds, the TOD program will be releasing a new NOFA in 2020. In preparation, HCD invites you to help shape Round 4 Guidelines by reviewing the Round 3 Guidelines from Fiscal Year 2013-2014 and providing feedback.
New funding available
In 2018, California voters approved Proposition 1, which authorized $4 billion in general obligation bonds for state multifamily housing infrastructure programs, homeownership programs, projects and housing loans for veterans, and farm housing programs. The authorized funding includes $150 million to fund the TOD program. HCD anticipates releasing one Notice of Funding Availability (NOFA) for approximately $75 million in April 2020, and another $75 million NOFA in April 2021.
We need your feedback
Because it’s been seven years since the last round of funding, it’s important to shape the Round 4 Guidelines in a way that aligns program requirements with current infill development trends, improves clarity, and achieves greater consistency across state funding programs.
Please review the Round 3 TOD Guidelines (from Fiscal Year 2013-2014) and send your comments to help shape the Round 4 Guidelines. Submit your comments by December 18, 2019 at 5:00 p.m. to TOD@hcd.ca.gov.
About the TOD program: Under the TOD program, low-interest loans are available as gap financing for rental housing developments that include affordable units, and as mortgage assistance for homeownership developments. In addition, grants are available to cities, counties, and transit agencies for infrastructure improvements necessary for the development of specified housing developments, or to facilitate connections between these developments and the transit station.
For more information, visit HCD’s TOD webpage.
Questions? Email TOD@hcd.ca.gov