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 administers funds from other governmental and third-party sources and works closely with these agencies to monitor and regulate these affordable units.


Accomplishments

  • Closed on three projects, representing 383 units for $39 million in loan commitments.
  • Revised the CalHFA Multifamily Portfolio Loan Prepayment Program.
  • Obtained a two-year regulatory waiver from the U.S. Department of Housing and Urban Development (HUD) to allow balloon payments on HUD Risk Share loans.
  • Collaborated with Department of Housing and Community Development and CalVet on AB 639/Proposition 41 to establish the Veterans Housing and Homelessness Prevention Program.