Developing Affordable Housing

Developing Affordable Housing

The Department of Conservation and Development facilitates the development of affordable housing by working with housing developers. Typically, awards are made once per year as part of the annual cycle of Federal/State funding awards. Email dcd.housing@dcd.cccounty.us to be added to the mailing list for notifications of funding opportunities.  

Staff is available to discuss project proposals with developers in the early planning stages of a development in order to assist the developer in creating viable and innovative solutions to providing affordable housing. After reading the guidelines below, call 925-655-2882 to speak with the Housing Planner.

Contra Costa County's Affordable Program Guidelines (PDF)

Affordable Housing Resources for renters or homeowners


Photo of Bella Monte  in Bay Point

Affordable Housing Financing Programs

  • Multiple-Family Mortgage Revenue Bonds
  • Federal Programs: HOME and CDBG
  • HOME- American Rescue Plan (ARP)
  • Local In-lieu fees 
  • Permanent Local Housing Allocation (PLHA)
  1. Multi-Family Mortgage Revenue Bonds
  2. HOME
  3. CDBG

Multi-Family Mortgage Revenue Bonds

For Detailed information, see the County Debt Policy (PDF).

Program Information

The purpose of the Program is: (1) to increase the supply of rental housing in the County; and

(2) to provide housing units affordable for lower income residents.

The project will be able to use tax-exempt revenue bonds issued by the County pursuant to Section 52075 of the California Health & Safety Code, and applicable provisions of the Internal Revenue Code. The bonds will not involve any pledge of County revenues, taxes, or assets.

Bonds may be issued for projects which:

  • (a) meet program requirements;
  • (b) are located in the unincorporated areas of the County or in incorporated areas with approval by both the applicable City and the County;
  • (c) have a commitment fee paid by the developer; and
  • (d) have a developer loan commitment from an acceptable lender and/or credit enhancement provider.

Loans under the multifamily bond program will generally be amortized for 30 years and will be due at the expiration of the credit enhancement (e.g., typically 7 years for a letter of credit, 40 years for FHA insurance). The bonds may remain outstanding with an extended or replacement credit enhancement. Effective loan rates will depend upon market conditions at the time of bond sale, and the type of bond structure. Bonds to be issued will generally be rated by a nationally recognized rating agency, and carry at least an "A" rating. If a developer is contemplating an issuance of unrated bonds, the developer should immediately contact the County for additional guidance.

  1. Kristin Sherk

    Senior Planner
    Phone: (925) 655-2889

  1. Affordable Housing

    Physical Address
    30 Muir Road
    Martinez, CA 94553

    Phone: 925-655-2708