Our Mission
Board of Director

The California Housing Finance Agency (CalHFA) was created as the State's affordable housing bank by the State of California in 1975. The Agency's mission statement illustrates what CalHFA is all about: Its First-Time Homebuyer Lending, Homeownership, Mortgage Insurance, and Multifamily Lending Divisions work together to provide low rate and beneficial financial products to assist California's low and moderate income homebuyers in achieving the dream of homeownership, and to create safe, decent, and affordable rental housing.

In the homeownership area, since 1976, over 150,000 Californians have become first-time homebuyers, using more than $18 billion in CalHFA loans. There are currently 31,978 home mortgage loans in the CalHFA portfolio with a total value of $6.1 billion.

CalHFA's Mortgage Insurance Services Division enables more Californians to buy a home by providing primary mortgage insurance to hard-to-serve borrowers at favorable rates. This Division fosters business partnerships with government sponsored enterprises, mortgage bankers, lenders, local government agencies, and nonprofit affordable housing providers who are committed to expanding affordable housing opportunities.

In the Multifamily arena, CalHFA is a direct lender. We encourage the developers and sponsors of the projects we finance to actively seek the participation of redevelopment agencies and local housing authorities in their projects, with the goal of making the projects as affordable as possible. To date, CalHFA has made $1.65 billion in these Multifamily loans, financing 415 projects with a total of 33,371 units.

CalHFA's programs are available statewide and are partnered with a number of lenders, stakeholders, and redevelopment agencies.