Audited Financial Statements Handbook
The California Department of Housing and Community Development (HCD) and the California Housing Finance Agency (CalHFA) have revised (September 2016) the joint Audited Financial Statements Handbook for projects administered under both Departments either jointly or individually. Audits submitted to HCD or CalHFA must adhere to this joint Audited Financial Statements Handbook. HCD and CalHFA have been coordinating selected administrative functions such as the joint Audited Financial Statements Handbook to improve the State's ability to serve and coordinate housing needs and to achieve administrative efficiencies.
Nonsection 8 Contract Administration
The California Housing Finance Agency (CalHFA) oversees the multifamily projects financed by the agency in order to preserve their value, provide long term, quality affordable housing to tenants, protect the agency's assets and bondholder's investments. The project owners are subject to the Regulatory Agreement and all other Loan Documents. The agency administers the following program type: 80/20, Risk Share, Housing Assistance Trust (HAT), Mental Health Services Act (MSHA), Rental Housing Construction Program (RCHP), and Special Needs.