Berkeley Housing Trust Fund
April 18, 2016
HOUSING TRUST FUND - NOTICE OF PREDEVELOPMENT FUNDS AVAILABLE
The City of Berkeley is requesting applications for predevelopment funding from the City's Housing Trust Fund. The City is seeking to develop a pipeline of affordable housing development projects. The City currently has nearly $1.2 million in its Housing Trust Fund. Funding is available for predevelopment costs associated with affordable housing development including new construction, acquisition, and rehabilitation. Proposals submitted by 12:00 NOON on MONDAY, MAY 23rd will be evaluated as group before subsequent applications are considered. After reviewing the materials, contact Amy Davidson (Adavidson@cityofberkeley.info) with any questions.
Notice of Funds Available:
The City of Berkeley created its Housing Trust Fund (HTF) in 1990. A housing trust fund is a program that pools funds for affordable housing construction from a variety of sources with different requirements, and makes them available through one single application process to local developers.
To view the HTF Guidelines published in 1990 and amended on April 5, 2016, click on this link, Housing Trust Fund Guidelines.