Effective July 1, 2013, pursuant to the Governor's Reorganization Plan No. 2 of 2012, the 2013-14 and 2014-15 information for the California Housing Finance Agency will be displayed within the Department of Housing and Community Development (Organization Code 2240), which reports to the new Business, Consumer Services, and Housing Agency. The California Housing Finance Agency was previously reported within the Business, Transportation, and Housing Agency.
The California Housing Finance Agency (CalHFA), a statutorily independent agency and component unit of state government, is not subject to Budget Act Appropriation. CalHFA's mission is to create and finance progressive housing solutions so more Californians have a place to call home. The Agency is financially self-supporting, setting loan interest rates slightly above its cost and charging fees to cover its lending costs and risks.
The Agency has $6.8 billion in assets that are comprised mainly of loan receivables and investments related to bond proceeds. Each year, the Agency is audited by independent outside auditors and produces an annual report by November 1st. The annual report and audited financial statements outline the lending activity and services provided by the Agency and the financial results of those activities. These reports can be viewed using the following link: http://www.calhfa.ca.gov/about/financials/reports/index.htm