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The California Social Housing Act is a proposed California bill to establish an independent statewide housing authority, known as the California Housing Authority, to acquire land for, develop, own and maintain public housing. The bill is authored by Alex Lee and was first introduced to the 2021–2022 session of the California State Legislature.
The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds.
The state has reopened applications for its California Dream Shared Appreciation loans, but this time it's not approving the financing on a first-come, first-serve basis.
In 2021, the California Housing Partnership concluded that the state needs to build 1.2 million affordable homes to meet the needs of low-income renters. The state has made progress since then ...
The program uses a “shared appreciation” lending model and provides homebuyers with money toward a down payment — 20% of the home’s purchase price or up to $150,000.
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