This Solicitation opportunity from California was posted on January 28, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Affordable Multifamily Rental Housing Development 80% AMI (PLHA 2021 Funded)
Contract Overview
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AI Contract Overview
This contract provides gap funding for the development of affordable multifamily rental housing targeted at extremely low-, very low-, and low-income households (up to 80% Area Median Income) through a fully deferred, low-interest loan with a 55-year term. The funding is intended to support various stages of housing projects, including predevelopment, development, acquisition, rehabilitation, and preservation, with stipulations that predevelopment and acquisition costs must lead directly to affordable rental housing outcomes. The loan is secured by a Promissory Note and a Deed of Trust along with a Regulatory Agreement that enforces occupancy and rent restrictions for the loan term, recorded with priority for the County and providing enforcement rights to both the County and the State. Annual monitoring of the project will be conducted by the County in accordance with state requirements, and specific loan terms will be finalized directly with the awarded developer. The contract is issued by the California Planning agency with funding from the PLHA 2021 program and is soliciting responses until February 11, 2026. The award supports the preservation and expansion of affordable housing options and includes the potential use of funds for necessary operating subsidies. The office responsible is located in Marysville, California, and inquiries can be directed to the Manager of Special Projects, Ian Scott.
General Info
Agency
Place of Performance
CA, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Interested Companies (10)
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