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

Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

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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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First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

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