Notice of Funding Availability

Coming Soon: RED Housing Fund Notice of Funding Availability (NOFA)

The RED Housing Fund (RHF) is targeting end of the year 2021 for the initial release of a Notice of Funding Availability (NOFA) for approximately $20,000,000 in subordinate loans to developers in Sonoma County that have projects meeting the RED Project Criteria: located on an infill site in Santa Rosa or unincorporated Sonoma County, mid to high density development, residential or mixed-use residential, and located within a transit-rich or planned area. With this funding, the RHF intends to offer flexible financing in order to support and catalyze the development of housing across income levels, and in a way that protects the environment, supports economic renewal, builds disaster resiliency and improves the well-being of Sonoma County residents.

Loans will be available to projects at all income levels: affordable (units primarily restricted to incomes up to 80% AMI), middle income (units primarily restricted to incomes up 80-120% AMI), and market rate; or a mix of income levels. Consideration of projects will be based on

RHF’s funding availability for projects that meet the requirements set forth in the upcoming NOFA.

Qualified developers/project sponsors that meet the NOFA requirements are encouraged to submit proposals once the NOFA is released. If you or your organization wish to be included in future communications regarding the RED Housing Fund NOFA, please respond to michelle@redhousingfund.org with your contact information.

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