Affordable Multifamily Financing Program
Where the Loan is Offered
All of California
Eligible Applicant
Additional Eligibility Information
Affordable multifamily properties of five or more units, where at least 50% of the units are restricted to income-eligible households. The property must be subject to deed restrictions that require the owner to keep rents affordable for a minimum of 5 years.
Contact
Susan Mills
Email
susan.mills@treasurer.ca.gov
Description
The Affordable Multifamily Financing program targets multifamily properties where at least 50% of the units are income restricted.
Like all of the programs highlighted on GoGreen Financing, the Affordable Multifamily Financing program is designed to encourage growth in private market lending and features a credit enhancement to help financing entities mitigate risk. It is designed to leverage and complement existing state and utility efforts to encourage affordable multifamily properties to install energy efficiency retrofits.
Property must receive electric and/or gas service from any of the following investor-owned utilities (IOU):
- Pacific Gas and Electric Company (PG&E®)
- San Diego Gas & Electric Company (SDG&E®)
- Southern California Edison (SCE®)
- Southern California Gas Company (SoCalGas®)
Last Updated