Affordable Housing Partnership Program (AHPP)

The Affordable Housing Partnership Program (AHPP) is a joint effort between CalHFA and over 300 cities, counties, redevelopment agencies, housing authorities and nonprofit housing organizations. This program allows borrowers to combine a CalHFA first mortgage loan with down payment and/or closing cost assistance from an AHPP partner.

CalHFA first mortgage program options (30-Year) are determined by individual AHPP partners for their respective programs (please check the approved AHPP list for verification of program eligibility).

How to become an Affordable Housing Partnership Program (AHPP) Partner

INTEREST RATE

The AHPP program (loan, grant, etc.) interest rate (if applicable) is determined by the individual AHPP partner for their respective program.
MINIMUM BORROWER CONTRIBUTION

No minimum borrower contribution is required when utilizing an AHPP subordinate loan unless a CalHFA subordinate loan is also being used. When an AHPP program is used in combination with a CalHFA subordinate loan, a minimum contribution of 3% of the sales price or the appraised value, whichever is less, is required from the borrower(s) own funds.

Please see the CalHFA Underwriting Guidelines for complete details if also using CHDAP.

In the case of conflicting guidelines, the lender must follow the more restrictive.

BORROWER(S) ELIGIBILITY

Borrower(s) must meet the following requirements:

  • Be a U.S. citizen or permanent resident alien or qualified alien
  • Be a first-time homebuyer
  • Occupy the property as their primary residence; non-occupant co-borrowers are not allowed
  • Borrower’s income cannot exceed CalHFA’s income limits established for the county in which the borrower is purchasing
  • Meet credit, income and loan requirements of the CalHFA lender and the mortgage insurer/guarantor and the AHPP partner

PROPERTY ELIGIBILITY

Properties must meet the following requirements :

  • Sales price of the home cannot exceed CalHFA’s sales price limits established for the county in which the property is located
  • Be a single-family, one-unit residence, including condominium /PUD
  • Manufactured housing must meet eligibility requirements
  • Meet the requirements of the mortgage insurer/guarantor of the first mortgage loan

TRANSACTION TYPE

Purchase transactions only.

PARTICIPATING LENDERS

CalHFA approved lenders.

MAXIMUM LOAN AMOUNT

The AHPP loan amount is determined by the individual AHPP partners for their respective programs.

First mortgage loan amount is subject to borrower credit eligibility.

The CLTV (including FHA-financed MIP or VA Funding Fee) cannot exceed 102% when utilizing a combination of CalHFA first mortgage loans and subordinate loan products or approved programs.  (One exception to this rule applies when using CalHFA’s Community Stabilization Home Loan Program, which allows a CLTV of 103%)

TARGET MARKETS

This program is intended for low income first-time homebuyers; however, moderate income borrowers may also be eligible as determined by the AHPP partner.

AFFORDABLE HOUSING PARTNERS & PROGRAMS

View a list of AHPP partners and their respective programs.

HOW TO APPLY

For instructions on applying for financing, contact the specific AHPP partner or one of CalHFA’s approved lenders.

LOAN DOCUMENTS Contact an AHPP partner for approved documents for their respective program.

QUESTIONS

Questions regarding the Affordable Housing Partnership Program should be directed to the specific AHPP partner , CalHFA-approved lenders or the CalHFA’s Homeownership Division at:

P.O. Box 4034, Sacramento, CA 95812
Phone: 877.9.CalHFA
Email: homeownership@calhfa.ca.gov

IMPORTANT DISCLOSURE INFORMATION:

CalHFA does not lend money directly to consumers. We use approved private lenders to qualify consumers and make all mortgage loans. Rates can vary depending on loan program and income level.

The information provided in this program description is for guidance only. While we have taken care to provide accurate information, we cannot cover every circumstance or program nuance. This program description is subject to change from time to time without prior notice. CalHFA does not discriminate on any prohibited basis in employment or in the admission and access to its programs or activities.

09/09