Portfolio Reinvestment Program (PRP)
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
Contact
Rebecca Weber
State of California, Department of Housing & Community Development
[email protected]
916-263-1010
Other Eligibility Requirements
No other eligibility requirements
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Does not prioritize beyond eligibility requirements
Total Funding
$437,500,000
Funding Source
General revenue; Special one-time federal funding
Funding Year
2022-2023
How Provided?
Development loans; Development grants
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age