2024 LHTF NOFA Round 5

The California Department of Housing and Community Development is issuing a Notice of Funding Availability (NOFA) for the 2024 Local Housing Trust Fund (LHTF) Round 5. The grant program provides up‑to‑$5 million awards to eligible local housing trust funds (city, county, tribal, or nonprofit) to finance construction loans, permanent financing, and pre‑development costs for affordable rental housing, shelters, transitional housing, supportive housing, home‑buyer projects, and ADU/JADU construction. Applicants must match at least 50 % of the award with dedicated funding sources, and administrative costs are capped at 5 % of total funds. The program targets households earning ≤80 % of area median income, with specific allocations for extremely low‑income (≤30 % AMI) and moderate‑income (≤120 % AMI) households. The total pool of funding is $53 million, with an expected award announcement in August 2024 and a performance period through 2037. • Eligible applicants: public agencies, nonprofit organizations, tribal governments that operate a local housing trust fund. • Minimum award: $500,000 (new LHTF) or $1 million (existing LHTF); maximum award: $5 million. • Matching requirement: 50 % of award from dedicated sources (taxes, fees, loan repayments, etc.). • Funding method: advance disbursements; recipients submit project information and disbursement requests to the State Grants Management team. • Funding source: California State bond (Veterans and Affordable Housing Bond Act of 2018, Prop 1). • No letter of intent required; administrative costs ≤5 % of total funds. • Expected number of awards: dependent on applications; total estimated funding $53 million.