You have a unique chance to access dedicated funding for developing affordable housing tailored to the needs of California Tribes. This program is designed specifically for businesses like yours, offering financial support with no repayment required. Imagine the impact you could make by creating multifamily rentals or rehabilitating existing homes in your community. Your projects can range from new construction to converting non-residential spaces into much-needed housing.

Applying for this program is not only a step toward enhancing your community but also a way to reap the benefits of funding that fits your specific requirements. There are no stringent revenue limits or employee counts to worry about, which means you can focus on what you do best. This flexibility allows you to mold your housing project to meet the distinct needs of your target population, ensuring that it truly makes a difference.

By securing this funding, you can improve housing options while benefiting your business at the same time. Plus, the application process is straightforward and designed for diverse business structures. Take advantage of an opportunity that can help you foster growth and stability in the community you care about.

Type of Financing
This program offers a grant specifically for eligible Tribal Entities. Unlike loans, these grants do not require repayment, allowing you to focus your resources on development without the burden of debt.

Eligible Expenses
You can use the funding for a range of activities related to the development of multifamily rental housing. This includes:

• Rehabilitation of existing housing
• New construction of apartments, townhomes, or single-family rental homes
• Converting non-residential space into housing, including manufactured homes

Restrictions on Use of Funds
These funds cannot be used for any expenses outside of housing developments. Additionally, there are no fees associated with this program, making it a cost-effective option for your projects.

• Location: The business must be located in California.
• Entity Type: The business must be an eligible Tribal Entity.
• Project Type: Funding is for developing multifamily Rental Housing Developments, including rehabilitation of existing housing, new construction (apartments, town homes, single-family rental homes, or manufactured housing), or conversion of non-residential space to residential housing.
• Employees: No minimum or maximum number of employees is required.
• Revenue: No minimum or maximum revenue qualifications are specified.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• The program is exclusively for Tribal Entities; non-Tribal businesses do not qualify.

This program provides financial support for California Tribes to develop affordable housing tailored to their unique needs. You can receive funds to build multifamily rental units or rehabilitate existing homes. This includes options like apartments, townhomes, and even converting non-residential spaces into housing.

The funds can be used for various projects, allowing you the flexibility to choose what suits your community best. Whether you’re looking to create new housing or improve what’s already there, this opportunity can help meet your objectives.

The best part? There is no payback period required. This means you can focus on your project without worrying about repayment. It's a chance for your business to contribute to lasting, affordable housing solutions.