Notice of Funding Availability and Request for Proposals Under the Local Housing Trust Fund Program

Starting Friday, August 2, 2024, the City of Santa Barbara will be accepting proposals for funding under the Local Housing Trust Fund (LHTF) Program through the California Department of Housing and Community Development. The City’s LHTF funding is intended to fund projects related to addressing the need to increase the stock of permanently affordable housing units in the City.

Program Funds awarded under the LHTF Program shall be used to provide construction loans and/or permanent financing loans to pay for construction or rehabilitation of Affordable rental housing projects, Emergency Shelters, Permanent Supportive Housing, Transitional Housing and Affordable homebuyer/ homeowner projects. Program Funds may also be used to assist income-eligible first-time homebuyers to purchase homes and to rehabilitate houses owned by income-eligible occupants, as well as to construct, convert, reconstruct, rehabilitate and/or repair Accessory Dwelling Units (ADUs) or Junior Accessory Dwelling Units (JADUs). Eligible applicants may submit proposals for funding projects that demonstrate compliance with program requirements and objectives.

Proposals must be submitted via email to LDubbels@SantaBarbaraCA.gov no later than 4:00pm on Friday, August 23, 2024.