Since 1975, the California Housing Finance Agency (CalHFA) has served as the state’s affordable housing lender, supporting the needs of low- and moderate-income Californians by providing financing and programs with a focus on equity. CalHFA’s Multifamily Division finances affordable rental housing through collaborations with developers, government partners and more, while its Homeownership Division partners with private lenders to provide first-time homebuyers with down payment and closing cost assistance and access to first mortgages. CalHFA is a self-supported state agency that doesn't rely on taxpayer dollars for operational costs but administers various state and federal resources on behalf of the state.