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Today's Interest Rates

Key CDLAC Dates

Next Board Meeting

Dates, Locations and Board Materials for upcoming Board Meetings.

Press & Media

CalHFA press releases, articles that have appeared in newspapers and other media.

2015/2016 Annual Report

The FY 2015/2016 Annual Report and its supporting documents are now available online.

Multifamily Programs

With the unprecedented shortage of affordable rental housing in California, CalHFA offers a variety of loan programs with competitive rates and long-term financing to advance the creation and preservation of affordable housing for people who truly need it. Our programs have been streamlined for maximum efficiency, and our ability to collaborate with public and private partners allows us to be creative in financing affordable housing.

Tax Exempt Programs (Multifamily Loan Programs Matrix)

Acquisition/Rehabilitation Loan Program
This program provides acquisition/rehabilitation and permanent loan financing in order to preserve and/or increase the affordability of existing multifamily housing developments in need of rehabilitation or recapitalization utilizing tax credits and in need of short term financing.

Permanent Take-Out Loan
This program provides permanent loan financing in order to preserve and/or increase the affordability of existing multifamily housing developments in need of substantial rehabilitation or recapitalization utilizing tax credits, but already have short term financing. CalHFA must be used as a Conduit Issuer on 4% tax credit developments.

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.

Taxable Only Programs (Multifamily Loan Programs Matrix)

Permanent Refinance 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 do not need substantial rehabilitation or only minor (non-substantial) rehabilitation. Owners/Borrowers must agree to preserve and/or increase the affordability restrictions.

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.

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.