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Predevelopment Loan Program (PDLP)

Links to program publications are shown following the program description.

Purpose

Provide predevelopment capital to finance the start of low income housing projects.

Assistance Type

Short-term loans

Terms

Three percent simple annual interest loans for up to two years. Maximum loan amount for purposes other than site option or site purchase is $100,000. The maximum amount committed to any one borrower at any point in time is announced in each Notice of Funding Availability (NOFA).

Eligible Activities

Predevelopment costs of projects to construct, rehabilitate, convert or preserve assisted housing, including manufactured housing and mobilehome parks. Eligible costs include, but are not limited to, site control, site acquisition for future low-income housing development, engineering studies, architectural plans, application fees, legal services, permits, bonding and site preparation. Priority will be given to developments which are rural, located in the public transit corridors, or which preserve and acquire existing government-assisted rental housing at risk of conversion to market rents.

Eligible Applicants

Local government agencies, nonprofit corporations, cooperative housing corporations, and limited partnerships or limited liability companies where all the general partners are nonprofit mutual or public benefit corporations.

Application Process

Applications are accepted and evaluated, and funds awarded, on a continuous basis as funds are available.

Contact

(916) 445-0877

Program Publications

• PDLP Regulations – (Adobe PDF) or (Microsoft Word)
• Notice of Funding Availability (NOFA) – (Adobe PDF)
• PDLP Application Information (Adobe PDF)
• PDLP Application (Rev. 11/05) (Microsoft Excel)
• PDLP Resolution of Applicant Board of Directors (Microsoft Word)