The Asset Management division plays a major role in preserving and maintaining affordable housing for CalHFA. The division manages the multifamily housing portfolio throughout the life cycle of loans, protecting CalHFA's real property assets from loss and ensuring regulatory compliance. The division also works with building owners and managers to ensure properties are well-operated, fiscally sound, clean and safe for tenants.
Acquired 38 Mental Health Services Act loans for monitoring and capitalized operating reserve administration
Awarded $24 million in Section 811 funds by HUD, in collaboration with HCD, DHCS, TCAC and DDS. Funding will provide rental assistance for adults with disabilities transitioning from long-term care facilities
First in the nation to implement HUD Section 811 funds by moving disabled residents into their own apartment in a supportive community setting
Performed approximately 500 inspections and 99 Management and Occupancy Reports (MOR's)
Created and implemented HOME Tenant-Based Rental Assistance Program