NOTICE OF FUNDING AVAILABILITY RDA Low and Moderate Income Housing Fund (LMIHF) Grants and/or Loans

The City of Crescent City is offering up to $300,000 from its Low and Moderate Income Housing Fund to support new construction, acquisition, rehabilitation, or substantial rehabilitation of affordable rental housing within city limits. Applicants may request either a grant or a low‑interest loan, must meet strict income‑targeted unit‑mix requirements, and must submit a full application package (project narrative, financial plan, unit‑mix forms, etc.) by the October 19 deadline. The award will be reviewed by City staff and considered by the City Council, with work required to start within 60 days of contract execution. • Eligible projects: new construction, acquisition, rehab, or substantial rehab of affordable rental units in Crescent City, CA. • Funding limit: up to $300,000 total for the city‑wide pool; applicants can request a grant or loan. • Key requirements: ≥30 % of units at ≤30 % AMI, ≤20 % at 60‑80 % AMI, 55‑year affordable‑housing covenant for grant‑funded units, detailed financial pro‑forma, and compliance certifications. • Submission: PDF application via email or mail to Bridget Lacey by Oct 19, 5 p.m. PST; questions due Oct 13.