CalHFA Set to Offer Families Up to 20% Down Through Shared Equity Program.
*Unfortunately, the funding for this program was limited, and funds are no longer available. Please stay tuned, CalHFA may release more funds in the future. If you have any questions, please get in touch with our team.
The California Housing Finance Agency (CalHFA) has launched a new program called Dream for All, which aims to make homeownership more affordable for low- and moderate-income Californians. The shared appreciation program provides loans for up to 20% of the purchase price (down payment).
Key Features
How it Works
The program's implementation goals are to increase access to homeownership for low- and moderate-income Californians, provide wealth accumulation through homeownership opportunities, ensure recyclability of funds, minimize financial risk to the consumer, State, and Agency, and ensure long-term operational and administrative viability.
Additional Features Include:
In conclusion, Dream for All is an excellent program that allows low- and moderate-income Californians to achieve affordable homeownership. If you're a homeowner seeking down payment assistance, please get in touch with one of our team members with questions or for help.