Annual Operating Budget

CalHFA Regulatory Agreement requires the submission of an annual operating budget. The annual budget anticipates income, operating expenses and capital improvements for the project. The budget serves as a financial operating plan and helps determine the need for a rent adjustment. Owners and Agents should refer to the project's Regulatory Agreement for specific requirement.

Due Date

The annual Operating Budget and list of anticipated capital improvements for the fiscal year is due 60 days prior to the beginning of the project's fiscal year.

Budget Format

Download the CalHFA Annual Operating Budget preferred format.


The Annual Operating Budget can be mailed by US mail or emailed in PDF format to the assigned CalHFA Asset Manager.

Mailing Address

Sacramento Headquarters
Assigned Asset Manager
500 Capitol Mall, Ste. 1400 (MS 995)
Sacramento, CA 95814