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CDLAC Timeline

Item Date

CalHFA Application Due

6/6

CDLAC App Due to CalHFA

7/8

CDLAC App Due to CDLAC

7/22

CalHFA Board Meeting

9/14

CDLAC Allocation Meeting

9/21
Item Date

CalHFA Application Due

7/08

CDLAC App Due to CalHFA

8/5

CDLAC App Due to CDLAC

8/19

CalHFA Board Meeting

9/14

CDLAC Allocation Meeting

10/19
Item Date

CalHFA Application Due

8/03

CDLAC App Due to CalHFA

9/2

CDLAC App Due to CDLAC

9/16

CalHFA Board Meeting

11/9

CDLAC Allocation Meeting

11/16

See all CDLAC dates >>

Multifamily Developers/Managers - Termsheets

Permanent Loan Program

This program provides competitive financing through its partnership with HUD and the U.S. Treasury for the refinance of affordable housing developments that need no rehabilitation or only minor (non-substantial) rehabilitation.  Owners/Borrowers must agree to preserve and/or increase the affordability restrictions.

Check current Rates & Terms for this program.

In addition, the Permanent Loan Program allows equity take-outs in connection with refinancing of existing permanent loans (subject to CalHFA approval and CalHFA underwriting criteria).

Acquisition/Rehabilitation Loan Program

This program provides acquisition/rehabilitation and permanent loans for affordable housing developments in order to preserve and/or increase the affordability of multifamily projects. Check current Rates & Terms for this program.

Small Loan Program

This program provides acquisition/rehabilitation and permanent loan financing in order to preserve and/or increase the affordability of existing, smaller multifamily housing developments.

Check current Rates & Terms for this program.

Conduit Issuer Program

This program  is designed to facilitate both for-profit and non-profit developers in accessing tax-exempt bonds for the financing of family and senior affordable housing developments.

Multifamily Portfolio Loan Prepayment Program

The Prepayment Program allows certain owners of CalHFA portfolio multifamily projects to pay off their mortgage loan prior to the maturity of their loan.

Predevelopment Loan Program

The Predevelopment Loan Program provides low-cost funding to cover the predevelopment costs associated with affordable rental projects that will have permanent CalHFA financing.

Disclaimer: Each document is intended for informational purposes only. If your loan application is accepted by CalHFA, the loan documents specific to your transaction will be tailored to meet the specific requirements of your transaction and may vary substantially from the documents posted here. The template loan documents are subject to change without notice. CalHFA does not warrant or represent that the covenants and conditions in the template documents will apply to your specific transaction.