2240 Dept of Housing, Community Development
Program Descriptions

1675 - CALIFORNIA HOUSING FINANCE AGENCY

The objective of CalHFA's lending activity is to finance housing at affordable interest rates using lending models that facilitate: (1) mortgage loans to qualified low and moderate income homebuyers to finance the purchase of an affordable home, (2) permanent loans to create and preserve multifamily housing projects, and (3) special needs housing loans to facilitate the construction, rehabilitation, and acquisition of housing needed to serve special needs populations. CalHFA also administers the California Housing Loan Insurance Fund activity, which encourages the preservation of existing housing and improves new housing opportunities by offering mortgage insurance products to homebuyers who might not qualify for traditional lending programs.