The Department of Housing and Community Development administers State and Federal housing and community development loan and grant programs. 2260 California Housing Finance Agency Effective July 1, 2013, pursuant to the Governor's Reorganization Plan No. CAL-ALHFA is a non-profit organization with a broad based membership including public and private agencies which develop, finance, and administer programs to create affordable housing in California. [12] CalHFA has $6.8 billion in assets that are mainly loan receivables and investments related to bond proceeds. California lacks a sound, well-coordinated plan for how to most effectively use its financial resources to support affordable housing, according to a new report from the state auditor. [13], CalHFA is a statutorily independent agency and component unit of state government, and is not subject to Budget Act appropriation. Existing law provides that there is the California Housing Finance Agency in the Department of Housing and Community Development administered by an 11-member board of directors that includes various state officers and 6 … The California Housing Finance Agency (CalHFA) was established in 1975 as the state’s affordable housing bank.

The California Housing Finance Agency provides below market rate financing for first-time home buyers. Biography of Lourdes M. Castro Ramírez, Secretary for BCSH. Fax (916) 322-1994 . Fannie Mae/Freddie Mac HFA Mortgage Insurance Products: Sess. This loan is fully amortized for a 30-year term and is combined with the CalHFA Zero Interest Program (ZIP) for down payment assistance. 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. Fax (916) 322-1994 . CalHFA is authorized to administer the activities of the California Housing Finance Fund, the California Housing Loan Insurance Fund, and two state general obligation bond funds. Individual Development Accounts: Not offered . Fact Sheet (PDF) Summary Full Report (PDF) Recommendations. 2260 California Housing Finance Agency Effective July 1, 2013, pursuant to the Governor's Reorganization Plan No. 500 Capitol Mall, MS 1410 . Agency … Website Maintenance. FOSTER competitive, liquid, efficient, and resilient (CLEAR) national housing finance markets that support sustainable homeownership and affordable rental housing; OPERATE in a safe and sound manner appropriate for entities in conservatorship; and PREPARE for … PHFA will be closed Friday, December 25, 2020.; Important Alert: PHFA employees will be working remotely until further notice in an effort to slow the spread of the coronavirus. With their down payment and closing cost assistance programs, you can purchase a home with 100% financing. CalHFA makes low interest rate loans to first-time homebuyers and multifamily … The California Housing Finance Agency is administering the Hardest Hit Fund for the state. [13] Budget information for CalHFA is displayed within that of the Department of Housing and Community Development. The CHFA serves as the state's "mortgage bank" by selling tax-exempt bonds and then using the revenues to provide below market-rate loans. for California victims of the October 1 shooting in Las Vegas and their families. The Business, Consumer Services, and Housing Agency assists and educates consumers regarding the licensing, regulation, and enforcement of professionals and businesses in California HELP IS AVAILABLE for California … Online application and index of positions available for Board & Commission appointments. State or local housing authorities, a non-profit organization, or lender usually set the requirements and conditions for the DPA program. It provides Insurance Insurance Agents, Brokers, and Service and has a good reputation for performing valuable services to all its customers. [citation needed], The Single Family Division provides low interest rate home financing to low to moderate income homebuyers in California, as well as down payment and closing cost assistance. The Department of Real Estate licenses and regulates mortgage loan originators, real estate brokers and salespersons, and offerings of subdivided lands in California. Agency Code 693 Personnel Officer The California Housing Finance Agency (CalHFA) wants you to Keep Your Home, and can help with unemployment mortgage Assistance, mortgage reinstatement, principal reduction, and transition assistance. [1], Known until 2002 as CHFA (commonly pronounced "cha-fuh"), CalHFA was rebranded "to keep pace with our expanding audience and the growing needs of the affordable housing marketplace" and "to elevate CalHFA’s profile on all key fronts. The Agency supports the needs of low and moderate income renters and first-time home buyers in California … California Personnel Office Directory . Using proceeds from the sale of bonds, CalHFA funds loans for single-family and multifamily housing for low- and moderate-income Californians. CalHFA’s Mortgage Access System (MAS) will be down for maintenance on Tuesday, August 1st from 5pm to 6pm. The California Legislature enacted the nation's first real estate license law in 1917, providing for the licensing and regulation of real estate licensees. The operating costs of the agency are paid by origination and service fees, and the difference between the interest paid on outstanding debt and the interest charged on the loans made. Uncover why CALIFORNIA HOUSING FINANCE AGENCY … About Us (877) 922-5432 CalHFA First Mortgage … Please visit the, California Victims Compensation Board website, Veterans Housing and Homelessness Prevention Program, Affordable Multifamily Housing Development Loan Programs, Homeless Coordinating and Financing Council. Construction loan funds may be transferred to the construction lender or to the contractor as necessary to meet draws for progress payments pursuant to rules and regulations of the agency. [2][3], CalHFA was created by the Zenovich–Moscone–Chacon Housing and Home Finance Act of 1975, which also permanently established and reorganized the California Department of Housing and Community Development.

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