Chair & Executive Director's Message
Over the past year, the California Housing Finance Agency continued its efforts to provide more housing opportunities for California residents.
So much work is invested every day that we often overlook the heroes who make quality, affordable housing a reality for so many Californians.
This year, we want to celebrate those heroes—and those who work together to produce heroic outcomes.
Heroes like Michael, an Orange County Realtor who partnered with CalHFA to help an Orange County couple purchase their first home.
Heroes like Tabitha, a Marin County mother of two who is now advocating for affordable housing while living in a Mental Health Services Act-funded apartment complex herself.
Heroes from four state agencies and dozens of affordable housing developers who worked together on a comprehensive examination of the costs of affordable housing in California.
Heroes from another collaboration with the Departments of Transportation and Housing and Community Development who are helping give renters in the Pasadena Freeway corridor the opportunity to purchase their longtime homes at an affordable price.
And heroes from more than 200 mortgage servicers who work with Keep Your Home California to help unemployed homeowners and thousands of other Californians struggling to pay their mortgages, despite the economic recovery.
We celebrate these heroes and their accomplishments.
For CalHFA, rising home prices challenged us to find new ways to help low to moderate income Californians, including our important step to remove the requirement that our CalHFA borrowers be first-time homebuyers.
We also partnered to launch new programs to assist veterans and homeless Californians. Our collaboration with the California Department of Housing and Community Development and CalVet allows us to improve housing options for veterans who need a safe, affordable and permanent place to live.
An important key to our efforts is the financial stability of CalHFA. After years of managing the effects of the real estate downturn, we achieved an upgrade in our credit ratings—changes that will make it easier and more affordable for us to borrow money to help Californians.
Fortunately, we at CalHFA have the ability to partner with these heroes every day. Our employees and partners are responsible for working together to expand our presence and serve the housing needs of Californians, and we are grateful for their work.
As we embark on a new fiscal year, we know these individuals and our partners will keep working hard, providing heroic results for the Californians we serve.
Tia Boatman Patterson
CalHFA Executive Director