Revolving Loan Fund
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.
The Revolving Loan Fund is available for acquisition and predevelopment expenses for affordable housing development in the San Gabriel Valley. Please click here to review the Guidelines.