Mixed-Income Program

MIP News & Updates

2/10/2023 - CalHFA is currently accepting applications for the 2023 Mixed-Income Program
All 2023 applicants for the CalHFA Mixed-Income Program are encouraged to submit a complete application as soon as possible. Incomplete applications will not be considered. For more information, including deadlines, visit the MIP application instructions and Key Program Dates pages.

Mixed-Income Program

The CalHFA Mixed-Income Program (MIP) provides long-term subordinate financing for the new construction of affordable multifamily developments throughout California that provide housing with units restricted at all income levels between 30% and 120% of the Area Median Income of the county in which the development will be located. The program was created with an annual appropriation of funds to CalHFA under 2017's Senate Bill 2 (SB2), the Building Homes and Jobs Act. CalHFA receives 15% of the Building Homes and Jobs Act Fund for MIP. CalHFA expects to have a total of $50 million available for MIP subordinate financing in 2023.


2023 Mixed-Income Program Term Sheet

Archived MIP Term Sheet