Federal Grant Award Summary

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded $23.4 million to California's Department of Housing and Community Development under the Housing Trust Fund (CFDA 14.275) program on September 24, 2025, with a completion date of September 24, 2032. This formula grant provides funding for the production, preservation, and rehabilitation of affordable rental housing targeted to extremely low-income and very low-income households with incomes at or below 30 percent of area median income or the federal poverty line, whichever is greater.

Under this award, the state grantee must allocate at least 80 percent of funds toward rental housing activities, including grants, equity investments, and loans to acquire, newly construct, or rehabilitate affordable housing units. The remaining funds may support homeownership assistance (up to 10 percent) and reasonable administrative and planning costs (up to 10 percent), with an additional option to use up to 30 percent of funds for operating rental housing developed through the program. All funds must be committed to projects within 24 months and expended within five years from the award date.