Mixed-Income Program

MIP News & Updates

1/20/2022 - The MIP application deadline is February 11, 2022 at 8:00 AM. Refer to Key Program Dates & Deadlines for more information.

All 2022 applicants for the CalHFA Mixed-Income Program are encouraged to submit a complete application as early as possible.

Mixed-Income Program

The CalHFA Mixed-Income Program (MIP) provides long-term subordinate financing for new construction of affordable multifamily developments that provide housing for Californians earning between 30% and 120% of the Area Median Income. The program was created after 2017’s Senate Bill 2 (SB2), the Building Homes and Jobs Act, established an annual appropriation to the Agency for the purpose of creating mixed income multifamily residential housing for lower to moderate income households. CalHFA receives 15% of the Building Homes and Jobs Act Fund for this purpose. CalHFA expects to have a total of $65 million available for MIP subordinate financing in 2022.

 

2022 Mixed-Income Program Term Sheet - accepting applications

Archived MIP Term Sheet