California Department of Housing and Community Development
California
The Portfolio Reinvestment Program (PRP) aims to preserve existing HCD-funded affordable housing projects by extending and restructuring HCD affordability agreements; extending loan maturity dates; providing new low-interest long-term loans for rehabilitation; and providing forgivable loans to capitalize short-term operating subsidies
Funding Source
General revenue; Special one-time federal funding
Funding Year
2022-2023
Program Status
Active
State Funding
$152,500,000
Total Funding
$437,500,000
Treasury State and Local Fiscal Recovery Funds (SLFRF) Funding
$285,000,000
Contact
Rebecca Weber
State of California, Department of Housing & Community Development
[email protected]
916-263-1010
How Provided?
Development loans; Development grants
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Income Eligibility Threshold
Info Source
Program administrator survey response
Last Updated
7/13/23 0:13
Other Eligibility Requirements
No other eligibility requirements
Coordinates Eligibility With
Does not coordinate with other systems
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Does not prioritize beyond eligibility requirements