California Department of Housing and Community Development
California

The purpose of the Foreclosure Intervention Housing Preservation Program (FIHPP) is to preserve affordable housing and promote resident or nonprofit organization ownership of residential real property. Funds are to be made available as loans or grants to eligible sponsors to acquire and rehabilitate properties at risk of foreclosure or in the foreclosure process. FIHPP was added to California’s Health and Safety Code in July 2021, with initial appropriations in the Budget Act of 2021. Statute requires HCD to contract with one or more fund managers (nonprofit lenders or housing trust funds) to manage the program. As of July 2023, funds are not yet available to eligible sponsors; funds are anticipated to be available in the first half of 2024.

Assistance Distributed By
Nonprofit or for-profit providers
Funding Source
General revenue
Funding Year
2021-2023
Program Status
Active
State Funding
$267,500,000
Total Funding
$267,500,000
Contact
Stephanie Reyes CA Dept of Housing and Community Development [email protected] 916-776-3994
How Provided?
Rental assistance paid to landlord, housing agency, or approved vendor only. Capital provided through development loans, development grants.
Data Collected by Program
Income; Race; Ethnicity; Age
Income Eligibility Threshold
Info Source
Program administrator survey response
Last Updated
7/12/23 16:32
Other Eligibility Requirements

No other eligibility requirements

Required Documents

Required for income (general). Does not accept self-attestations.

Coordinates Eligibility With

Does not coordinate with other systems

Amount Calculation Method

Program offers a one-time fixed amount

Income Eligibility Threshold Detail

Rental assistance - 50% AMI or less; Capital resources - 120% AMI or less

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements