NOFA - 2026 Affordable Housing Trust Fund Notice of Funding Availability

The City of Bakersfield’s Affordable Housing Trust Fund (AHTF) is offering $5.12 million in low‑interest loans and grants to support a range of affordable‑housing initiatives, including new construction, acquisition, rehabilitation, ADU creation, and down‑payment assistance for households up to 120 % AMI. Applicants must submit a comprehensive proposal through the PlanetBids portal by July 20, 2026, including project budgets, 20‑year operating pro‑formas, insurance certificates, and evidence of site control. Proposals will be scored on qualifications, project description, and financial viability, with a minimum score of 75 pts required for consideration. Funding awards are anticipated to be notified by mid‑August 2026, and recipients must begin construction within two years of award. • Eligible activities: pre‑development, acquisition, new construction, rehab, ADU, and down‑payment assistance. • Funding terms: loans of $500 k–$2.5 M at up to 3 % interest, 55‑year term; developer fee capped at 15 % of total project cost. • Submission requirements: single .zip file with all required documents, completed vendor registration on PlanetBids, and required insurance (≥ $1 M per coverage).