Strategic Growth Council Approves $257 Million in Round 3 AHSC Awards
Today, the Strategic Growth Council (SGC) approved a total of $257 million in round 3 awards to 19 Affordable Housing and Sustainable Communities (AHSC) Program developments throughout the state of California. Enterprise is a statewide technical assistance (TA) provider for the AHSC program, and worked with 14 of the 19 successful applications. Congratulations to the awarded projects!
Established in 2014, the AHSC Program provides infrastructure grants and affordable housing loans for infill development, sustainable transportation, and programs that reduce greenhouse gas (GHG) emissions. AHSC is funded by cap-and-trade auction proceeds through the Greenhouse Gas Reduction Fund. The program is administered by SGC and implemented by the Department of Housing and Community Development (HCD).
The round 3 AHSC awards will result in 1,950 new affordable homes, urban greening, new public transit services and active transportation infrastructure, resulting in a total reduction of about 475,000 metric tons of GHGs – a 20 percent increase from round 2. Of these 1,950 new units, 599 will serve extremely low-income households, 801 will serve very low-income households, 388 will be supportive housing, and 50 will be senior housing. Each development will receive an average of $13.5 million. Seventy-one percent, or more than $184 million in AHSC funds, will benefit disadvantaged communities.
These awards conclude the third AHSC application round, which began in October 2017. AHSC is a highly competitive program, and in round 3, SGC received 53 proposals requesting more than $680 million.
Enterprise strongly supports the continued funding of the AHSC program through the Greenhouse Gas Reduction Fund so that the successful program can support the highly competitive project proposals statewide.
AHSC round 4 notice of funding availability will be released in fall 2018 with applications due in early 2019. Enterprise looks forward to continuing to provide comprehensive technical assistance to AHSC applicants statewide.