Nicholas Targ and Chelsea Maclean are Partners in
Holland & Knight's
San Francisco office
This is the first edition in an ongoing series of "Corner
Briefings" highlighting urban infill legal tools and
opportunities. These updates will identify new legal cases,
legislative updates, grant opportunities and other urban infill
trends that may be meaningful to you.
This Corner Briefing addresses two funding opportunities:
- Affordable Housing and Sustainable
Communities Program (AHSC)
- California Infrastructure Finance and
Economic Development Bank (IBank) low-cost loans
Both sources of capital can make a critical funding difference
for infill projects.
The AHSC Program is oriented toward infill projects and is
funded by cap-and-trade action proceeds. A total of $320 million is
available for grant and low-cost loan awards this year. Successful
projects will typically include a transit-oriented residential
project with an affordability level of 20 percent
