The Governor’s Reorganization Plan (GRP 2025) charges the Housing Development and Finance Committee (HDFC) with creating a consolidated application and coordinated review process for all competitive multifamily affordable housing funding.
Building on the work of the AB 519 Affordable Housing Finance Workgroup, new recommendations outline how the state will streamline funding access, reduce duplication, and modernize program alignment across HCD, CalHFA, CTCAC, and CDLAC.
Under the proposal, HDFC will advance a unified application and scoring system throughout 2026, with draft guidelines released in August and final guidelines adopted by year’s end. A pilot application portal will launch in late 2026, paving the way for HDFC’s inaugural funding rounds beginning in early 2027. This structure moves California toward a “one stop” financing model for affordable housing projects.
The recommendations also set a path for fully aligned compliance monitoring. Building on the AB 2006 interagency MOU and the new CAHMS system, HDFC will continue coordinated work through 2026 before beginning to centralize monitoring functions in 2027. By 2028, the single application portal is expected to support full project lifecycle tracking, allowing agencies to monitor affordable housing portfolios more consistently and efficiently.