The Revolving Loan Fund (RLF) was created with $7.8 million from a State Budget Earmark provided to the SGVRHT as part of the FY22 State Budget. The SGVRHT was recently awarded $5 million in Regional Early Action Planning (REAP 2.0) funds from SCAG, which increased the RLF fund to $12.8 million.  Loan repayments will be lent to future projects, establishing a renewable source of funding for affordable housing in the San Gabriel Valley.