Support Services


The Financing division manages the capital used to finance CalHFA's affordable housing programs. It also handles the Agency's outstanding debt obligations and non-mortgage investments. The division continuously evaluates various alternatives for generating low-cost capital, including balancing risk versus benefit. CalHFA's tax-exempt issuance authority, and ability to participate in special federal financing programs, allow it to serve the affordable housing needs of Californians in a way that the general market does not.


  • Settled and sold over $240 million single family mortgage-backed securities

  • Reduced the amount of variable rate debt outstanding by $321.75 million

  • Reduced the notional amount of interest rate swaps outstanding by $220.60 million

  • Closed $55.76 million of Multifamily Conduit financing

  • Issued $174.18 million under the Multifamily Housing Revenue Bonds III Indenture

  • Worked with Multifamily Programs and Asset Management to receive $63.88 million of prepayments on multifamily loans

  • Replaced remaining Temporary Credit and Liquidity Program funds, more than $660 million, with letters of credit from six private banks

  • Worked with rating agencies to upgrade or affirm the Agency's credit ratings on HMRB, MF III and General obligation bonds

Preservation Acquisition Program helps maintain at-risk affordable rental housing
CHFA purchases 9,603 single family mortgages, a still-standing record
First year of $1 billion in single family lending

Contact Us

(877) 922-5432

P.O. Box 4034
Sacramento, CA 95812-4034