Information for Borrowers
The Fund is currently soliciting applications from private developers,
nonprofit corporations and government agencies to finance the
development, rehabilitation, preservation or acquisition of affordable
housing.
Loans from the Fund may be used for a variety of purposes, including
project planning and predevelopment expenses, site acquisition, site
development, construction, rehabilitation and to bridge other financing
gaps. Both ownership and rental housing, including housing that
provides transitional or seasonal shelter, are eligible for
financing. At least one unit in the project must be dedicated to
provide long term affordable housing for very low,
low and/or moderate income households.
Information on the funds that are currently available, our lending
policies and our application process are available online. Please review these
documents prior to calling for additional information:
Please call the Fund at (805) 543-5970 prior
to preparing an application to verify the availability of funds and
current terms. |