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

Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency has constituted the estbalishment of the Keystone Home Loan PLUS Program wherein it aims to offer the lowest PHFA interest rate to first time home buyers in the State of Pennsylvania.

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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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State of New York Mortgage Agency
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.

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FirstHome Mortgage Program in North Carolina
One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

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