Partnership Rental Housing Program

The Partnership Program provides loans for rental housing targeted to households with incomes at or below 50% of the statewide median. Loan amounts are limited to $75,000 per unit for large projects and up to $2 million for small projects (without a per unit cap). New construction and acquisition or rehabilitation of rental housing are eligible activities. Rental housing may include apartment buildings, townhouses, single-family​ homes, single room occupancy buildings and shared housing facilities. Local governments, housing authorities and entities which are owned in part by a local government or housing authority may apply for Partnership Rental Housing Program funds. The local government must make a contribution of the land or a contribution of equal value from non-state resources. The local participant must manage the project or arrange for another party to manage the project. Non-governmental entities are eligible applicants for Partnership Rental Housing Program funds to be used for individuals with disabilities or special needs units.