Mixed-Income Program

The CalHFA Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. The purpose of the Act is to establish a permanent, ongoing source of funding for the development of affordable housing.

Mixed-Income Program

The CalHFA Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. The purpose of the Act is to establish a permanent, ongoing source of funding for the development of affordable housing. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15% of the SB 2: Building Homes and Jobs Act Fund, expected to be $30 - $45 million, to provide residential mixed-income housing with unit restrictions between 30% and 120% of the area median income.

Mixed-Income Program Termsheet
Mixed-Income Program Information

 

Notice of Funding Availability (NOFA)

Application Period
Feb. 5, 2019 - April 30, 2019

Funds available:
$40 million

Mixed-Income Program General Timeline
Date Location
Est. August 1, 2019 Initial Commitments for October CDLAC round, CDLAC due August 16, 2019
August 16. 2019 Bond applications due to CDLAC for October 11, 2019 meeting
Est. October 1, 2019 Initial Commitments for December CDLAC round, CDLAC due October 11, 2019
October 11, 2019 Bond applications due to CDLAC for December 11, 2019 meeting
October 16, 2019 CDLAC meeting & allocations made
December 11, 2019 CDLAC meeting & allocations made
Est. April 2020 Project closing deadline pursuant to October CDLAC Resolutions
Est. June 2020 Project closing deadline pursuant to December CDLAC Resolutions