California Housing Finance Agency to use lottery system to allocate $220M in 'Dream for All' shared appreciation loans that cover down payments for eligible first-time homebuyers
CalHFA may revise guidelines of Dream For All loan program after 1st $300M earmarked to help first-time homebuyers with down payments ran out in less than 2 weeks
The National Asian American Coalition says only a small percentage of the counseling sessions it billed California $12M for were actually provided
$300M in seed funding for CalHFA's 'Dream For All' program is gone less than 2 weeks after it launched. The program is expected to help 2,300 first-time homebuyers
Agency has aided more than 155,000 California families
Those who tapped home equity or took out loans after '08 may qualify
CalHFA loans target first-time homebuyers who meet income limits
Bond programs provide $23.5 billion in temporary financing
Housing Finance Agency depends on state line of credit