Provider: Los Angeles Housing Department

Categories: Business Assistance: Construction Project Development Assistance

Description
The Affordable Housing Trust Fund (AHTF) provides gap financing to experienced developers of large-scale affordable and permanent supportive (homeless) rental housing by making long-term loans for new construction or for the rehabilitation of existing structures. Funding rounds are held one to three times per year through a competitive Notice of Funding Availability (NOFA) process. Projects funded by the AHTF must leverage the City's funds to obtain other public and private funds such as low-income housing tax credits, and must remain affordable for a minimum of 55 years.

Webpage: http://lahd.lacity.org/lahdinternet/AffordableHousingTrustFund/tabid/126/Default.aspx