Affordable Housing PartnersAffordable Housing Partners

Affordable housing grant programs

Federal, California state, and foundation funding programs for affordable housing development — 3 programs shown.

All sourcesFederalCalifornia StateFoundation / CDFI
All typesGrantLoanTax CreditBondIncentiveGrant + Loan
FederalLoan

Section 108 Loan Guarantee(Sec. 108)

HUD

Enables jurisdictions to borrow against future CDBG allocations for large economic development and housing projects.

Funding: Up to 5× a jurisdiction's annual CDBG allocation

Who can apply: CDBG entitlement communities and state grantees

FederalLoan

Section 515 Rural Rental Housing(Sec. 515)

USDA Rural Development

Direct low-interest loans for construction and rehabilitation of rental housing in rural communities for low-income households.

Funding: ~$50M national; 1% interest, 50-year terms

Who can apply: Private developers, nonprofits, public agencies in eligible rural areas

FederalLoan

Section 538 Guaranteed Rural Rental Housing(Sec. 538)

USDA Rural Development

Federal loan guarantees enabling private lenders to finance new construction and rehab of multifamily housing in rural areas.

Funding: ~$400M national; guarantees up to 90% of eligible loan

Who can apply: For-profit and nonprofit developers in eligible rural areas; households up to 115% AMI

Looking for upcoming deadlines?

The funding calendar tracks application deadlines for TCAC, HCD, CDLAC, and other programs.

View funding calendar →