Multifamily Programs

The Multifamily Programs division provides acquisition/rehabilitation and permanent financing to preserve, improve, maintain, and increase the affordability of rental housing for very low and low income families in California. In addition to lending, Multifamily Programs administer funds from other governmental and third party sources and works closely with these agencies to monitor and regulate these affordable units.

Asian family

Accomplishments

  • Provided $70 million in preservation loans, funding seven projects for a total of 689 units. In addition to the preservation loans, provided conduit issuances for two additional projects, representing $5 million and 40 units.
  • Along with Asset Management, created and launched the Prepayment Loan Program and Prepayment Policy.
  • Created and launched the Preservation Loan Program and the Conduit Issuer Program.
  • Continued work on the Mental Health Services Act, now totaling 120 projects with 1,684 units.