California Housing Finance Agency

by: Michael Saunders

One of the better qualities of State Governments is their staggering ability to determine and address the primary needs of its people. One of these basic needs, of course, is the need for a safe and comfortable home that they can so willingly call their own without burning their pockets.

Fortunately, the State of California has recognized this need. And as a result, has established the California Housing Finance Agency in the year 1975. For over 35 years, the agency has been helping first time and non-first time homebuyers in the process of acquiring a new home for themselves.

The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

Eversince its creation, CalHFA has been California's leader in supporting the apparent needs of renters and first-time homebuyers through the provision of financing and programs that create safe, decent and affordable housing opportunities for low and moderate income individuals.

For over 35 years, CalHFA has already established several programs that are specially designed to achieve its goals and objectives. Some of its most notable programs are the following:

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California Housing Finance Agency
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Grants From the Department of Housing and Urban Development
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.

She also maintains Websites providing resources on environmental grants and grants for youth programs.

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California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
The California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.

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Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

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Construction Incentive Program for First Time Home Buyers in New York
Under the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.

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