Tiena Johnson Hall is California Housing Finance Agency’s New Executive Director

The consequence of historical housing discrimination, coupled with exclusionary housing policies, means families of color simply don’t have much of a chance to build wealth or help the next generation with down payments.CalHFA has been successful with our down payment assistance program. We also provide closing cost assistance for low- and moderate-income Californians. These effectively have helped first-time home buyers with more than $600 million in assistance over the past three years, giving them access to over $10 billion in mortgages. In 2020 alone, CalHFA helped more than 9,000 Californians achieve homeownership, with 68% of those being families of color.We also recently released our accessory dwelling unit financing product, which is a grant for up to $25,000 to cover pre-development costs. And it is a grant — not a lien on their property like some of the other programs that have been developed. We’re targeting lower-income homeowners and low equity homeowners, with the goal of ultimately increasing their equity and providing them with another source of income. It will also help increase the rental housing stock that our state is sorely lacking. It’s a triple threat.We started this program with $19 million, then Governor Newsom gave an additional $81 million through his California Comeback state budget. We now have a total of $100 million available for these grants and I’m challenging my team to get this money out as quickly as possible.

https://www.ncsha.org/wp-content/uploads/2018/04/ColoradoHousing-and-Finance-Authority-5.png (DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce that Amber Hills, president of FirstBank’s Southwest Market, has been named chair of CHFA’s board of directors. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development. As…

https://www.ncsha.org/wp-content/uploads/2018/09/NCSHA_Navy-2018-e1543599823922.pngWASHINGTON, DC — The National Council of State Housing Agencies congratulates Rep. Marcia Fudge on her confirmation today as Secretary of Housing and Urban Development. She is the first woman to serve as HUD Secretary since 1979, the second Black woman, and the third woman ever to lead the department. NCSHA and its member state…

https://www.ncsha.org/wp-content/uploads/2018/04/California-Housing-Finance-Agency.png Director of Financing Erwin Tam was in his hometown of San Francisco today representing CalHFA at the Grand Opening of 921 Howard St. Apartments. The development is financed in part by CalHFA’s Mixed-Income Program and will eventually provide 203 units of affordable housing in a city where it is sorely needed. A great feature…

https://www.ncsha.org/wp-content/uploads/2018/04/Louisiana-Housing-Corporation.jpg April 2024—The Louisiana Housing Corporation (LHC) proudly commemorates the 50th anniversary of the Community Development Block Grant (CDBG), reflecting on its profound impact on community development across the state. Since its inception in 1974, the CDBG program has been instrumental in fostering vibrant communities, promoting economic development, and improving the quality of life for…

https://www.ncsha.org/wp-content/uploads/2018/04/Kansas-Housing-Resources-Corporation-Web.png Builders and developers in thirteen Kansas communities will receive a combined total of $4,984,000 in Kansas Housing Investor Tax Credits (KHITCs) to develop affordable housing for moderate-income families in rural areas of the state. The awards, made possible through the state’s Kansas Housing Investor Tax Credit Program, provides resources to develop housing in rural…