Golden State Acquisition Fund
California

Golden State Acquisition Fund makes favorable, below-market-rate term loans to housing developers to acquire real property for the development and preservation of affordable housing. Historically, one major impediment to the development and preservation of affordable housing has been lack of ready access to capital by affordable housing developers for the acquisition of property. The Golden State Acquisition Fund was designed to meet the need for loans in amounts sufficient to purchase sites as they become available, with a speedy process from application to loan close.

Funding Source
Special one-time non-federal funding
Program Status
Active
Total Funding
$73,000,000
Website
http://www.goldenstate-fund.com/partners-contacts/
Contact
Maygen Moore Low Income Investment Fund (LIIF) [email protected] 470-427-5977
How Provided?
Development loans
Data Collected by Program
Does not collect data on income, race, ethnicity, disability status, or age
Program Type
Capital resources
Income Eligibility Threshold
80% AMI or less
Duration
Affordability period is 55 years
Info Source
Program administrator survey response
Last Updated
7/10/23 15:46
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