Affordable rental housing
The California Tax Credit Allocation Committee (TCAC) administers the low income housing tax credit program. Rental housing (apartments) is developed and owned by housing developers in exchange for low income housing tax credits and a commitment to low income housing tax credit program requirements. Rent is restricted to no more than 60% of a county's area median income.
Extra Credit Home Purchase Program
First-time Homebuyer for teachers.
Home Improvement and Rehabilitation (HIRB) Program
Financing for Home Improvement and Rehabilitation for individuals
Single Family Housing (SFH) Program
First-Time Homebuyer Program
Qualified Residential Rental Program (QRRP)
Tax-Exempt Bond Financing for developers of Multi-family Housing
Planning Density Bonus
By: City of El Monte
In certain areas of El Monte, including the Downtown Specific Plan Area, planning density bonuses are available for new development projects.
State low-income housing tax credit
State tax credits are available to owners of multi-family low-income rental housing projects. This program requires a private equity investment in affordable rental housing with income requirements and program compliance for 30-55 years.
Federal low-income housing tax credit
Federal tax credits are available to owners of multi-family low-income rental housing projects. This program requires a private equity investment in affordable rental housing with income requirements and program compliance for 30-55 years.
Development Impact Fee Deferral Program
By: City of Reedley
Development Impact Fees for new construction may be deferred until final inspection.
Infill Program allows for the waiver of all development impact fees in the older established neighborhoods so as to incentivize builders to construct new homes or businesses on vacant infill lots providing certain conditions are met