CalHFA loan programs are designed to work with a variety of project types and income levels. When using CalHFA Permanent Loans, the Agency must be the Bond Issuer, but CalHFA also offers a Conduit Issuer Program that can be used when another lender is involved.
Permanent Loan Programs
CalHFA's Taxable, Tax-Exempt, or CalHFA funded Permanent Loan programs provide competitive long-term financing for affordable multifamily rental housing projects. Eligible projects include newly constructed or acquisition/rehabilitation developments that provide affordable housing opportunities for individuals, families, seniors, veterans, and special needs tenants.
Acquisition/Rehabilitation Loan Programs
In partnership with local governments, CalHFA may offer Taxable, Tax-Exempt or CalHFA funded Acquisition/Rehabilitation Loans that provide short-term financing to preserve and/or increase the affordability of existing multifamily rental housing developments that house individuals, families, seniors, veterans and special needs tenants.
Conduit Issuer Program
The CalHFA Conduit Issuer Program ("Conduit Program") is designed to facilitate access to tax-exempt and taxable bonds by developers that seek financing for eligible projects that provide affordable multifamily rental housing for individuals, families, seniors, veterans or special needs tenants. The conduit bonds may be used to finance the acquisition, rehabilitation, and/or development of an existing project, or they can be used for the construction of a new project.