CITY OF FRESNO
NOTICE OF FUNDING
AVAILABILITY
PUBLISHED 08/29/2025
Downtown Fresno and Chinatown
Housing Developments
Purpose of the Notice of Funding Availability
(NOFA)
• Support new construction or substantial rehabilitation of multifamily housing in the Downtown Fresno and Chinatown neighborhoods • Catalyze development of higher-density, shovel ready projects • Increase residential population in the urban core
• Promote economic development
Geographic Boundary
• Calaveras Street (North) to
César Chávez Boulevard
(South)
• CA-99 (West) across to L
Street (East)
Available Funding
• Up to $20 million available through the Revolving Loan Fund (pending receipt of funds from State of CA)
• Use of Funds:
–Gap financing for shovel-ready multifamily housing projects • Loan Terms:
–Max per project is $8 million
–Term: 36 months
–Interest: ~5.50% (1.17% + Effective Federal Funds Rate) Eligibility
Activities
• Multifamily new construction
• Substantial rehabilitation of
building for multifamily housing
Applicants
• Open to qualified developers
• Must demonstrate:
– Experience with similar projects
– Financial capacity and readiness
– Ability to meet deadlines and compliance
requirements
– Repayment of City sponsored loan
within 36 months
Application Process
• Competitive procurement process
• Deadline: December 31, 2025, by 1:00PM (PST)
• NOFA available at https://vendors.planetbids.com/portal/14769/bo/bo-detail/133138# • Submissions accepted and loans recommended for funding on a rolling basis • Electronic Submissions via email to:
[email protected]
Subject line:
“2025-2026 Downtown and Chinatown Housing Development NOFA – [Project Name]”
• Request a link for large files by emailing [email protected] Review and Approval Process
• Application submission does not guarantee funding
• Initial Review: Technical and financial screening by City staff • Recommendation: Ranked by Planning & Development staff • Loan Approval: Final decision by Fresno City Council
Regulated Communication
• No communication with elected officials regarding NOFA during procurement process
• All regulated communications must be disclosed in writing • Violations may result in disqualification
• Governed by Fresno Municipal Code Article 6, Chapter 4 Contact & Technical Assistance
• Primary Contact:
Mayra Merino
Senior Management Analyst
Housing Finance Division
[email protected]
(559) 621-8133
• General Inquiries & File Upload Requests:
[email protected]
(559) 621-8300