Community Scale Housing Initiative

Rental development assistance for projects containing 5-20 units. Small scale funding provided for low-income housing. Units must be new construction or adaptive reuse. Units funded must be targeted to households under 80 area median incomes. 50-year affordability required; 50-year deferred payment loan at 0% interest. At least 20% of units must be targeted to 80% AMI households; DHCD strongly encourages at least 50% of units. Pre-application and application fees to DHCD are required. Subsidy cannot exceed $200,000 per unit or $150,000 per unit if applying for project-based rental assistance. Other funding required to complete the project must be committed per unit TDC cannot exceed $350,000. Project cannot have state or federal LIHTC as a funding source. The community must have a population under 200,000. Local Community must provide a commitment