California Housing Finance Agency

California Housing Finance Agency Director Elected to National Board; Agency Earns Two Awards

Retrieved on: 
Thursday, October 26, 2023
Professional Services, Public Policy, Government, State, Local, Residential Building & Real Estate, Finance, Construction & Property, Banking, National Council, National Conference, State legislature, Kerala State Housing Board, Housing, Rehabilitation, Conference, ADU, California Housing Finance Agency, Tennessee Intercollegiate State Legislature, Property management, Agency

The California Housing Finance Agency has once again received national recognition for being a leader and an innovator in government housing finance.

Key Points: 
  • The California Housing Finance Agency has once again received national recognition for being a leader and an innovator in government housing finance.
  • At the organization’s annual conference in Boston last week, the National Council of State Housing Agencies (NCSHA) announced that CalHFA Executive Director Tiena Johnson Hall had been elected by her peers to serve on the NCSHA Board of Directors for 2024.
  • Additionally, CalHFA’s Accessory Dwelling Unit Grant Program and its recent Financing System Overhaul stood out among the top initiatives from around the country, earning Awards for Program Excellence.
  • The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home.

Greystone Housing Impact Investors LP Provides Tax-Exempt Bond Construction Financing for Workforce Housing in San Diego County

Retrieved on: 
Thursday, September 28, 2023
Workforce, Senior, Life, Investment, California Housing Finance Agency, GHI, AMI, Pleasure, NYSE, Life insurance, Colony

NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) announced it has provided construction and permanent financing for the new construction of a 40-unit mixed-income development located in La Mesa, California.

Key Points: 
  • NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) announced it has provided construction and permanent financing for the new construction of a 40-unit mixed-income development located in La Mesa, California.
  • The to-be-built property will be named 40rty on Colony and will include 20% of units designated for households earning up to 50% of the San Diego County Area Median Income (AMI).
  • To finance the construction, GHI purchased tax-exempt recycled bonds and taxable bonds issued by the California Housing Finance Agency.
  • “We are proud to have helped our client with a seamless execution of this construction financing and support the development of undersupplied affordable multifamily housing stock in San Diego County.

Affirmed Housing Completes New “Missing Middle” and Affordable Housing Development in Downtown San Diego

Retrieved on: 
Tuesday, August 22, 2023
Workforce, Housing, Helm, Nissan MA engine, Head, Helms Bakery, California Housing Finance Agency, San Diego, Walking, City, Restaurant, SAN, Power Plus Pro, AMI, Health, Landscape architecture, Beech Street, Property management, U.S. Bancorp

SAN DIEGO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Affirmed Housing, a leading developer of affordable housing throughout California, announces the completion of The Helm, a new, mixed-income, affordable housing community for households earning 30 – 80 percent of the area median income (AMI).

Key Points: 
  • SAN DIEGO, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Affirmed Housing, a leading developer of affordable housing throughout California, announces the completion of The Helm, a new, mixed-income, affordable housing community for households earning 30 – 80 percent of the area median income (AMI).
  • ft. of sustainably minded, middle- and low-income workforce housing to Downtown San Diego.
  • “Having an affordable place to call home isn’t about just a roof over your head, it’s the foundation of a thriving community,” said San Diego Mayor Todd Gloria.
  • The 30 percent AMI studios receive project-based vouchers issued by the San Diego Housing Commission.

CalHFA Helped Create Housing Opportunities for More Than 13,000 Californians Last Fiscal Year

Retrieved on: 
Tuesday, August 15, 2023
Construction & Property, Parenting, Finance, Banking, Professional Services, Public Policy, Government, Family, State, Local, Consumer, Residential Building & Real Estate, Housing, California Housing Finance Agency, Homelessness, ADU, Secondary suite, Veteran, Social, Dream, Nursing, Risk, Real estate

Using a suite of affordable housing and homeownership programs that address the diverse needs of our state, the California Housing Finance Agency in Fiscal Year 2022-23 helped 13,879 California households take steps toward housing stability and building intergenerational wealth.

Key Points: 
  • Using a suite of affordable housing and homeownership programs that address the diverse needs of our state, the California Housing Finance Agency in Fiscal Year 2022-23 helped 13,879 California households take steps toward housing stability and building intergenerational wealth.
  • This year, our flagship down payment and closing cost assistance program, MyHome, was supplemented by additional state resources that allowed CalHFA to create specialized programs to help a wider range of homebuyers.
  • Additionally, CalHFA celebrated Homeownership Month this past June and waived the fee for more than 1,400 sessions of our homeownership counseling course.
  • “At CalHFA, we assist Californians across the economic and geographic spectrum,” said Johnson Hall.

California Housing Finance Agency Gets Its Best Rating Ever From Moody’s Investors Service

Retrieved on: 
Thursday, June 22, 2023
Professional Services, Public Policy, Government, State, Local, Residential Building & Real Estate, Finance, Construction & Property, Banking, Housing, California Housing Finance Agency, Homelessness, Stifel, Thought, News, S&P Global Ratings, Security (finance), Renewable energy, Real estate, Agency

Moody’s Investors Service has recognized the improved financial strength of the California Housing Finance Agency by upgrading CalHFA’s Issuer Rating to “Aa2.” It is the highest rating in Agency history and is among the top ratings that Moody’s assigns to housing finance agencies nationwide.

Key Points: 
  • Moody’s Investors Service has recognized the improved financial strength of the California Housing Finance Agency by upgrading CalHFA’s Issuer Rating to “Aa2.” It is the highest rating in Agency history and is among the top ratings that Moody’s assigns to housing finance agencies nationwide.
  • This also comes after another major credit rating agency, S&P Global Ratings, upgraded CalHFA’s rating to “AA” in December of last year.
  • These upgrades are a clear indication of the Agency’s financial strength, and they empower CalHFA as it continues to develop new strategies to finance affordable housing opportunities for low- and moderate-income Californians.
  • According to Moody’s, the upgrade is based on very strong metrics compared to Agency peers, including asset-to-debt ratio and margins, solid loan performance and strong governance by management.

California REALTORS® urge the state to fully fund California Dream for All Shared Appreciation Loan

Retrieved on: 
Tuesday, April 11, 2023
Organization, California Housing Finance Agency, Senate, Multimedia, Professional, Real estate

LOS ANGELES, April 11, 2023 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.)

Key Points: 
  • LOS ANGELES, April 11, 2023 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.)
  • Despite the obvious need and demand, the state has stopped providing funds that have been allocated to the program.
  • "The CALIFORNIA ASSOCIATION OF REALTORS® strongly supports Senate Pro Tem Toni Atkins' California Dream for All Shared Appreciation Loan and strongly advocated for the $500 million that was allocated to the program in the 2022-2023 state budget.
  • We urge the state to honor the full commitment over the next few years as proposed so more working Californians can take advantage of this innovative down payment assistance program."

Even More Homeowners Eligible for Assistance With Mortgage Costs as California Mortgage Relief Program Expands

Retrieved on: 
Tuesday, February 7, 2023
Residential Building & Real Estate, Banking, Personal Finance, Social Services, Construction & Property, Professional Services, State, Local, Hispanic, Public Policy, Government, Consumer, Finance, Metropolitan Development and Housing Agency, California Housing Finance Agency, American Rescue Plan Act of 2021, HAF, U.S. Department of the Treasury, Office of Inspector General, Consumer service, Business, Housing, City centre, Secondary suite, Senior, Treasury, U.S. Department of Commerce Office of Security, Anxiety, Delinquent, California Business, Consumer Services and Housing Agency, Contact center telephony, COVID, COVID-19, Tax, Real estate, Life insurance, Insurance, Democracy

After successfully distributing nearly $300 million in assistance to eligible homeowners statewide, the California Mortgage Relief Program is expanding to provide additional assistance and expand eligibility to help even more homeowners who have struggled with housing payments due to the impact of the COVID-19 pandemic.

Key Points: 
  • After successfully distributing nearly $300 million in assistance to eligible homeowners statewide, the California Mortgage Relief Program is expanding to provide additional assistance and expand eligibility to help even more homeowners who have struggled with housing payments due to the impact of the COVID-19 pandemic.
  • “This program expansion will enable the state to assist even more homeowners who fell behind on their mortgage payments.
  • Those who took a partial claim second mortgage or loan deferral during or after January 2020 may now be eligible for assistance.
  • Homeowners must have missed at least two mortgage payments or at least one property tax payment before March 1, 2023, to be eligible.

Lincoln Avenue Capital Closes Financing for Family & Senior Affordable Housing Developments in Central Florida

Retrieved on: 
Monday, February 6, 2023
Citibank, California Housing Finance Agency, Pressure, Housing, Savoy, LAC, Swimming, Low-Income Housing Tax Credit, Energy Star, Energy, Hotel, U.S. Bancorp

MANATEE COUNTY, Fla., Feb. 6, 2023 /PRNewswire/ -- Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced that it closed on the financing for construction of the 301 Flats and The Savoy at 301, the organization's first new construction projects in Florida. These new communities will provide 324 units of affordable housing for families and individuals and 248 units of senior housing, respectively.

Key Points: 
  • MANATEE COUNTY, Fla., Feb. 6, 2023 /PRNewswire/ -- Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced that it closed on the financing for construction of the 301 Flats and The Savoy at 301, the organization's first new construction projects in Florida.
  • These new communities will provide 324 units of affordable housing for families and individuals and 248 units of senior housing, respectively.
  • "Lincoln Avenue Capital is thrilled to continue growing our new ground-up development program," said LAC CEO Jeremy Bronfman.
  • "As rent pressure remains high in Florida and throughout the country, Lincoln Avenue Capital is committed to providing innovative solutions to confront our national housing crisis."

California Housing Finance Agency Receives Its Highest Rating Ever From S&P Global Ratings

Retrieved on: 
Tuesday, December 13, 2022
Professional Services, Public Policy, Government, State, Local, Residential Building & Real Estate, Finance, Construction & Property, Banking, S&P Global Ratings, California Housing Finance Agency, S&P, Financial management, Strategic planning, Risk, Risk management, Renewable energy

S&P Global Ratings has upgraded the California Housing Finance Agencys general obligation credit rating to AA with Stable Outlook.

Key Points: 
  • S&P Global Ratings has upgraded the California Housing Finance Agencys general obligation credit rating to AA with Stable Outlook.
  • It represents the highest general obligation rating in CalHFAs 47-year history.
  • We are very pleased that S&P has upgraded CalHFA to the Agencys highest credit rating ever.
  • The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home.

San Diego Mayor Todd Gloria To Speak At Homebuyers Fair

Retrieved on: 
Thursday, October 13, 2022
Berkshire Hathaway, Bank of America, HUD, Federal Home Loan Banks, Housing, U.S. Bancorp, Union Bank, Bank, CIB Bank, Speech, California Housing Finance Agency, Real estate

SAN DIEGO, Oct. 13, 2022 /PRNewswire/ --

Key Points: 
  • WHAT:In his speech, San Diego Mayor Todd Gloria will discuss his Housing Action Package aimed at expanding the supply of housing in the city.
  • He will also laud the San Diego Housing Commission's first-time homebuyer and closing cost forgivable loan programs.
  • The event is coordinated by Berkshire Hathaway, the Impact Council and NAREB San Diego.
  • Representatives of the San Diego Housing Commission will speak.