Workforce housing Tag Archives

CalHFA MIP NOFA opens Feb. 5

The California Housing Finance Agency (CalHFA) Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15 percent of the Building Homes and Jobs Act Fund, expected to be $30 – $45 million, to provide residential mixed-income housing with unit restrictions between 30 percent and 120 percent of the area median income. $40 million in funds available and applications are due between Feb. 5 and April 30. The MIP term sheet is available here.