Golden State Acquisition Fund Supports Housing Efforts in California
The California Department of Housing and Community Development announces the first awardees under its Affordable Housing Innovation Fund’s Golden State Acquisition Fund (GSAF). Enterprise Community Loan Fund is one of four CDFIs that comprise the consortium that will have access to a $23 million, 0% loan that is available to leverage an additional $70 million for affordable housing preservation and development lending throughout the state of California. In addition to Enterprise, the CDFI consortium that is the Golden State Acquisition Fund includes the Low Income Investment Fund, Century Housing, and Rural Communities Assistance Corporation. The consortium will serve as a revolving loan fund with access to the state funding available to the consortium’s CDFIs on a first come, first serve basis.
