Multifamily Developers & Managers
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.
Specific Multifamily Programs development information including lending programs, financing terms, loan application forms and processing requirements.
Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15% of the SB 2: Building Homes and Jobs Act Fund, expected to be $30 - $45 million, to provide residential mixed-income housing with unit restrictions between 30% and 120% of the area median income.
Feb. 5, 2019 - April 30, 2019
CalHFA operates the Local Government Special Needs Housing Program (SNHP) on behalf of jurisdictions throughout California. The SNHP allows local governments to use Mental Health Services Act (MHSA) and other local funds to provide financing for the development of permanent supportive rental housing that includes units dedicated for individuals with serious mental illness, and their families, who are homeless or at risk of homelessness.
The Asset Management Division is responsible for the management of Agency-financed multifamily rental developments. Each project is monitored regarding its financial, physical and occupancy compliance with various regulations in California. This section includes handbooks, CalHFA lease documents, income limits and more.