The California Department of Housing and Community Development (HCD) and Business, Consumer Services and Housing Agency (BCSH) invite housing partners to join an informational webinar on the Governor’s budget proposals to streamline California’s multifamily affordable housing finance system and modernize the Affordable Housing and Sustainable Communities (AHSC) Program.
Webinar Overview
This webinar will provide an overview of key elements of the proposal to consolidate and streamline California’s multifamily affordable housing finance system under the Housing Development and Finance Committee (HDFC). The session will focus on how the proposal advances a more coordinated, “one-stop” approach to aligning state subsidy, 4% tax credits, and bond financing—building upon the work of the AB 519 housing finance workgroup.
Topics will include:
- HDFC Bond Allocation: Enabling a coordinated, single award of state subsidy alongside allocations of tax-exempt bonds and 4% tax credits.
- AHSC Program Changes: Aligning the housing component of AHSC with HDFC while continuing to support housing production and climate goals.
- Single Application and Coordinated Review: Sharing next steps toward creating a unified single application, review and award process across major multifamily affordable housing funding programs.
Who Should Attend
Affordable housing developers, local governments, community-based organizations, and other housing partners interested in AHSC, bond and tax credit financing, and state multifamily affordable housing funding programs.
Why It Matters This proposal represents a significant shift in how California administers affordable housing funding—moving from fragmented, program-by-program applications and awards to a more integrated system designed to deliver fully funded, climate-aligned projects more quickly and efficiently.