CalHome Program

Purpose

Enable low- and very low-income households to become or remain homeowners.

Assistance Type and Terms

Grants to local public agencies and nonprofit developers to assist individual first-time homebuyers through deferred-payment loans for downpayment assistance, home rehabilitation, including manufactured homes not on permanent foundations, acquisition and rehabilitation, homebuyer counseling, self-help mortgage assistance, or technical assistance for self-help homeownership.  All funds to individual homeowners will be in the form of loans.  

Direct, forgivable loans to assist development projects involving multiple ownership units, including single-family subdivisions.

Loans for real property acquisition, site development, predevelopment, construction period expenses of homeownership development projects, or permanent financing for mutual housing and cooperative developments.

Project loans to developers may be forgiven as the loans convert into deferred payment loans to individual homeowners.

Assistance to individual households will be in the form of deferred-payment loans payable on sale or transfer of the homes, or when they cease to be owner occupied, or at maturity.

Note: CalHome does not lend directly to individuals.

Eligible Activities

Predevelopment, site development, and site acquisition for development projects.   Rehabilitation and acquisition and rehabilitation of site-built housing, and rehabilitation, repair, and replacement of manufactured homes.

Downpayment assistance, mortgage financing, homebuyer counseling, and technical assistance for self-help.

Eligible Applicants

Local public agencies and nonprofit corporations.

Regulations

Get Funding

Applications are invited through the issuance of Notices of Funding Avaiability (NOFAs).

Current NOFAs

Application due date - June 6, 2018 has passed. HCD is no longer accepting applications. Awards were announced on September 26, 2018.

The next Disaster NOFA is planned to be released sometime in January 2019, and the next General NOFA is planned to be released sometime in June 2019. Please be sure you are subscribed to the CalHome emailing list to receive notifications and announcements.

Program Forms

Mortgage Assistance

Owner-Occupied Rehabilitation

Project Development Loans

Quarterly and Annual Reports

Wage Income Calculations

Sample Documents

Mortgage Assistance

Owner-Occupied Rehabilitation/Replacement

Manufactured Housing

Management Memos

There are currently no management memos for the CalHome Program on the website at this time.

Training and Technical Assistance

There are currently no CalHome Training and Technical resources on the website at this time.