Loan Portfolio Restructuring Program
California Department of Housing and Community Development
Who can apply
Loan Portfolio Restructuring Program Breadcrumb Home Grants & Funding Programs: State Loan Portfolio Restructuring Program Application Window OPEN Program application period Ongoing Apply Now The LPR Program provides for the restructuring of existing State multifamily housing loans funded or monitored by HCD, with the intent to preserve affordable housing units that would have been lost to termination of the regulatory provisions restricting rents and occupancy, address physical deterioration of the property, improve project fiscal integrity, allow for the extraction of equity from eligible developments to further the State’s affordable housing goals, and allow for the rehabilitation or replacement of affordable housing units, including single-room occupancy (SRO) conversions.
About this opportunity
Loan Portfolio Restructuring Program Home Grants & Funding Programs: State Loan Portfolio Restructuring Program Application Window OPEN Program application period Ongoing Apply Now The LPR Program provides for the restructuring of existing State multifamily housing loans funded or monitored by HCD, with the intent to preserve affordable housing units that would have been lost to termination of the regulatory provisions restricting rents and occupancy, address physical deterioration of the property, improve project fiscal integrity, allow for the extraction of equity from eligible de