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Proposition 1C Funding for Affordable Housing
Proposition 1C, Housing Emergency Shelter Trust Fund Act of 2006, was approved by voters in November 2006. This measure authorized the State to sell $2.85 billion of general obligation bonds to fund 13 new and existing housing and development programs. The funds will assist eligible projects to build affordable and accessible housing for individuals with lower incomes, including people with developmental disabilities, in their communities over the next ten years.
The Department of Housing and Community Development (HCD) is accepting applications for the Multifamily Housing Program Supportive Housing component to fund qualified affordable housing projects. HCD will accept applications on an "over-the-counter" basis until 5:00 p.m. May 30, 2007, or until funds are exhausted.
For more information about affordable housing, please go to the Housing and Community Development web site.
