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The original item was published from 7/8/2022 3:00:32 PM to 7/18/2022 5:05:02 PM.

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Posted on: July 8, 2022

[ARCHIVED] Federal Development Funds for Affordable Housing in Malibu

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COMMUNITY DEVELOPMENT BLOCK GRANT – DISASTER RECOVERY MULTI-FAMILY HOUSING PROGRAM

In response to unmet recovery needs related to the Woolsey Fire, the City was awarded approximately $15 million in federal Community Development Block Grant-Disaster Recovery (CDBG-DR) funds to serve as gap funding to finance eligible multi-family housing projects. The City of Malibu has published a Notice Inviting Interest in the CDBG-DR Affordable Multi-Family Housing Program and is requesting that Eligible Developers (those interested in federal CDBG-DR funding available to cover funding gaps needed to finance new construction, reconstruction or rehabilitation for affordable multi-family housing projects in Malibu) submit a Notice of Interest form (included as Attachment 1 to the Notice Inviting Interest). Submit the form by email to the City Clerk at CityClerk@MalibuCity.org at or before 5:00 PM on Monday, July 18, 2022, after which time they will be reviewed by City staff in consultation with Housing and Community Development. 

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