When the California Housing Finance Agency (CalHFA) was created in 1975, its purpose was to foster safe, affordable housing for Californians through special programs for first-time homebuyers and partnerships to finance affordable rental housing.
Today, what began with a dozen employees, $750,000 in funding and a small number of loans, has blossomed into a nationally recognized housing bank that serves California’s renters and first-time homebuyers with a variety of multifamily and single-family products.
The finance agency celebrates its 35th year in 2010 with a record of helping more than 150,000 California families obtain a home of their own with a mortgage they can afford, as well as financing the construction or preservation of more than 33,000 affordable rental housing units for very low- to moderate-income families, including those with disabilities and special needs.
Over those 35 years, CalHFA has provided some $18 billion in non-taxpayer funds to promote housing for Californians.
For more information and a complete description of CalHFA’s homeownership and multifamily programs, visit calh
fa.ca.gov or call toll free (877) 9-CalHFA (877-922-5432).
~ Staff report
