CalHFA Offers $20 Million to Local Governments

The California Housing Finance Agency (CalHFA) announced it is accepting applications from local government entities for low-interest loans for the development of affordable single family infill housing projects through its Residential Development Loan Program (RDLP). RDLP is an innovative loan program designed to assist local communities in promoting infill development for affordable owner-occupied housing.

$20 million in RDLP funds are available to California cities, counties, housing authorities, redevelopment agencies, and community development commissions for low-interest loans for site acquisition, predevelopment, and construction costs of infill ownership housing. 

Read CalHFA's full press release here or visit their website www.calhfa.ca.gov.