Multifamily Programs

Asset Management



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 cycle of 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

  • Acquired 38 Mental Health Services Act loans for monitoring and capitalized operating reserve administration

  • Awarded $24 million in Section 811 funds by HUD, in collaboration with HCD, DHCS, TCAC and DDS. Funding will provide rental assistance for adults with disabilities transitioning from long-term care facilities

  • First in the nation to implement HUD Section 811 funds by moving disabled residents into their own apartment in a supportive community setting

  • Performed approximately 500 inspections and 99 Management and Occupancy Reports (MOR’s)

  • Created and implemented HOME Tenant-Based Rental Assistance Program

1977
First single family loan: $39,000 in San Jose
1978
First multifamily funding: Woodbridge Village in St. Helena

Contact Us

marketing@calhfa.ca.gov

(877) 922-5432

P.O. Box 4034
Sacramento, CA 95812-4034