Business, Transportation & Housing
2260 California Housing Finance Agency

The mission of the California Housing Finance Agency, which was statutorily chartered in 1975 to be the state's affordable housing bank, is to create safe, decent, and affordable rental housing and to assist first-time homebuyers in achieving the dream of home ownership by providing below market-rate first and secondary mortgage loans and mortgage insurance.
MAJOR PROGRAM CHANGES Back to Top
  • The Housing and Emergency Shelter Trust Fund Act of 2006 (Proposition 1C) provides $200 million to be administered by the California Housing Finance Agency for the California Homebuyer's Downpayment Assistance Program and the Residential Development Loan Program. Expenditures totaling $30 million in 2007-08 for these two programs are reflected in the Department of Housing and Community Development budget.
PROGRAMS Back to Top
The following table presents total proposed budget year positions and expenditures for each budgeted program area. These expenditures include all funding sources that support the state agency's programs.
Code Program
 Proposed
2007-08*
Positions
Dollars
10
 Lending Activity
266.0
$35,034
20
 Insurance Activity
11.4
1,622
Totals, Positions and Expenditures (excluding Infrastructure)
277.4
$36,656
 
 Infrastructure Expenditures
-
-
Totals, Positions and All Expenditures
277.4
$36,656

Refer to the Program Descriptions for a description of programs operated by this state agency.

Refer to the 3-Yr Expenditures & Positions for expenditures, positions, and funding detail.
PRINTABLE BUDGET DOCUMENTS Back to Top
The following identifies budget documents for this state agency that are available in a printable (pdf) format.

Entire California Housing Finance Agency Budget (pdf * - 9K) in pdf format.
This document provides a printable format (pdf) of all budget information for this state agency. Note: Along with other information, this document includes the documents listed below.

 Detail of Appropriations and Adjustments ONLY (pdf * - 2K)
This document provides a printable format (pdf) of only the detail of appropriations and adjustments for this state agency.

ADDITIONAL INFORMATION Back to Top
Legal Citations and Authority
Includes the legal citations (state statutes, federal statutes, and court orders) for operation of department programs and activities.