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

Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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First Time Homebuyer Programs in District of Columbia
The Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.

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Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.

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Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

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