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HC 10-24-2024 PresentationsNicky Vu, Senior Housing Coordinator October 24, 2024 FY 2025-26 Notice of Funding Availability (NOFA) and Request for Proposals (RFP) Purpose ●Annual request for proposals for eligible capital housing projects and low-income public service programs ●Application Period: ●November 4, 2024 – February 4, 2025 Funding Sources ●Below Market Rate Affordable Housing Funds (BMR AHF) ●Community Development Block Grant (CDBG) ●Human Service Grant (HSG) Eligible Funding Activities Capital Housing Projects (BMR AHF, CDBG) ●Land acquisition, new construction, building rehabilitation, etc. Public Service Projects (BMR AHF , CDBG, HSG) ●Services to low-income populations in Cupertino, (fair housing, legal services, seniors, youth, homeless, domestic violence, general assistance) Funding Source Amounts (est.) Capital Housing Funds Below Market Rate Affordable Housing Fund (BMR AHF) $4,800,000 Community Development Block Grant (CDBG) $267,000 Total $5,067,000 Funding Amounts (est.) Funding Source Amounts (est.) Public Service Funds Below Market Rate Affordable Housing Fund (BMR AHF) $50,000 Community Development Block Grant (CDBG) $58,000 General Fund Human Services Grant (HSG)$129,000 Total $237,000 Funding Amounts (est.) Target Population ●Homeless persons, seniors, disabled persons, etc. ●Low- and/or moderate-income persons and households Process ●Online Applications: www.citydataservices.net ●Public Hearings (Spring 2024) ●Housing Commission – Decision ●Housing Commission - Draft ●City Council citydataservices.net Login/Password ●Returning Applicants: you already have one ●New Applicants: CUP2025/CUP2025 Important Dates ●Housing Commission Announcement Oct 24, 2024 ●Newspaper Posting Oct 25, 2024 ●NOFA Opens Nov 4, 2024 ●NOFA Closes Feb 4, 2024 ●Housing Commission Decisions March 2025 Community Presentations ●Done in March 2025 with HC decisions ●Option to present today Cupertino Housing Website ●https://www.cupertino.org/ou r- city/departments/community -development/housing NickyV@cupertino.gov