Multifamily Programs

Asset Management

The Asset Management division plays a major role in preserving and maintaining affordable housing for CalHFA. The division manages the multifamily housing portfolio throughout the life of the loans, protecting CalHFA’s real property assets from loss and ensuring regulatory compliance. The division also works with building owners and managers to ensure properties are well-operated, fiscally sound, clean and safe for tenants.


Accomplishments

  • Transitioned 38 Mental Health Services Act (MHSA) Housing Program projects worth $60 million to Asset Management.
  • Performed 400 physical inspections and approximately 100 Management and Occupancy reviews for the Section 8 portfolio.
  • Submitted an application to HUD in collaboration with the Department of Housing and Community Development, the Department of Health Care Services and the Tax Credit Allocation Committee for Section 811 Project Rental Assistance funding.