The Capitol Area Development Authority (CADA) is pleased to announce its newly adopted Middle-Income Housing Program and the release of this Notice of Funding Availability (NOFA) for $150,000 in funds available at this time. This funding will be awarded, with an accompanying affordability agreement to projects that serve 80% to 120% of Area Median Income households, in accordance with the program guidelines adopted June 30, 2023 and available on the CADA website at Middle-Housing Program.
This NOFA furthers the goals of CADA and its forming entities, the State of California and the City of Sacramento, in providing a range of housing types and affordability within the capitol area and downtown. Under this program, short-term loans and a regulatory agreement assist with housing being developed and operated for middle income households in accordance with State definitions under welfare tax code.
Application materials must be submitted electronically to firstname.lastname@example.org using the email subject line “Middle-Income NOFA Response” no later than 5:00 p.m. Pacific Time on October 30, 2023. Applications will be accepted over the counter beginning January 2, 2024 for any remaining funds.
Questions regarding the NOFA may be submitted on or before October 13, 2023 to email@example.com and a Q&A list will be published on the CADA website no later than October 20, 2023.
Please click here for the full NOFA.