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

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

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Keystone Government Loan Program for Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been running the Keystone Government Loan Program in which it intends to provide first mortgage financing on loans that are insured by the Federal Housing Administration, the Rural Development, and the Department of the Veterans' Affairs.

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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Frequently Asked Questions about Buying Your First Home
The idea of buying a new home for the first time can be overwhelming for most people. It is probably the largest investment they have ever made, and the process itself seems downright intimidating. ...

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