Time Limited Grant Opportunities

The Chan Zuckerburg Initiative is accepting letters of inquiry to the Innovative Housing Finance initiative.

This initiative will support funds that finance the production and/or preservation of housing in California. Funds should support multiple rental and/or owner-occupied housing projects that will benefit low and moderate-income households, and should fit into one of the following approaches:

• Bring down the cost to produce or preserve housing (e.g., construction cost reductions, surplus lands projects, streamlined or lower cost financing, insurance coverage and premiums, land banking, etc.).
• Fund housing project types with unique financing barriers (e.g. lot splits, ADUs, development on surplus lands, tenancy in common, cooperatives, etc.) with a focus on taking advantage of recent land use reforms.
• Unlock or leverage other sources of funding (e.g. pension funds, climate funds, CRA, hospitals, private sector, tenant vouchers, etc.) through a new approach.
• Selected organizations will be considered for funding in 2024 and 2025 through program-related investments (PRIs), with each investment size in the $1-3M range.