California streamlines affordable housing funding
“The creation of a streamlined state system has long been our North Star,” Nevada Merriman, Vice President of MidPen’s Policy and Advocacy, told San José Spotlight. “I hope the work ahead creates a predictable, well-funded housing finance delivery system. If we can do that, then we will build the pipeline and get to work.”
Sunnyvale recognized by state for prohousing efforts
The City of Sunnyvale recently earned top honors from the state for its efforts to implement policies that go above and beyond state housing law to facilitate housing production. Sunnyvale is among 65 jurisdictions in California that have received the Prohousing Designation from Gov. Gavin Newsom and the Department of Housing and Community Development (HCD) since the program began accepting applications in 2021.
Excess State Land Program on Track to Create 5,550 Homes
The LGMG awards include $10 million to MidPen Housing for the development of a 75-unit affordable housing project located in San Francisco. The project has received more than $20 million in local funding, including an Educator Housing loan from the San Francisco Mayor’s Office of Housing and Community Development. The project will be affordable to households earning between 30% and 120% of the Area Median Income (AMI) and have an occupancy preference for employees of the San Francisco Unified School District or San Francisco Community College District.
California Strategic Growth Council Approves $750M for Affordable Housing
$31.9M awarded to MidPen for 92 affordable homes in San Francisco.