Underserved Communities

CalHFA will use our housing resources and expertise to Affirmatively Further Fair Housing in California. These efforts are driven by data that shows how Blacks, Latinos, Asian-American/Pacific Islanders, Native Americans and other groups continue to be under-represented when it comes to owning homes, and the historical context that has led to that under-representation.

Homeownership by Race

Black and Latino homeownership rates are the lowest among California ethnic groups. The Black homeownership rate was 50.98% at its peak in 2004, while the Latino homeownership rate was 56.23%. Since then, the homeownership rates for both populations have dropped significantly behind all other racial and ethnic groups. The Black population was targeted specifically for sub-prime loans during the Great Recession, with the result that the Black homeownership rate dropped by more than 10% since 2004 and has not recovered.

2019 Homeownership Rates by Race

A chart utlizing housing to show the percentage of homeownership by race in California in 2019: the 68% of white population were homeowners, 66% of Asian population were homeowners, 58% of the Native American population were homeowners, 48% of the Latino population were homeowners, and 41% of the Black population were homeowners.

Note: Data above is from the 2019 homeownership data collected by the U.S. Census.

CalHFA's Efforts

We provide down payment and closing cost assistance through our Single Family Lending programs and finance the construction of lower-income units through our Multifamily loan programs. CalHFA is also launching a series of programs and initiatives to educate and provide resources that can help close the housing gap for underserved communities. These include Building Black Wealth and the National Mortgage Settlement Counseling programs, among others.

National Mortgage Settlement

National Mortgage Settlement Video Ad Thumbnail

National Mortgage Settlement Housing Counseling Program

The National Mortgage Settlement Housing Counseling Program allows California residents who are in danger of eviction or foreclosure to receive free, confidential counseling services from a network of HUD-certified housing counselors throughout the state.

Check out the National Mortgage Settlement Housing Counseling Program webpage.


Black Homeownership Initiative

Ashley Garner talking about the Building Black Wealth campaign

The Black Homeownership Initiative: Buildling Black Wealth Campaign

This campaign is part of CalHFA's initiative to increase Black homeownership in California. Looking at homeownership through a lens of equity, Black homeownership is far behind. Our campaign provides educational materials, and connections to resources such as free housing counseling and down payment assistance to help close that gap.

Check out the Building Black Wealth webpage.