Housing Matters Newsletter: July 2024

On June 28, CalHFA sent messages to 1,700 first-generation homebuyers across California letting them know they will receive vouchers for a California Dream For All shared appreciation loan.

Governor Gavin Newsom's office made the announcement that day, and qualified buyers will now begin a search for their first home over the next 90 days.

During Round 1 in 2023, CalHFA used more than $250 million to help 2,182 first-time homebuyers purchase a home, including 55% that come from communities of color, which have historically been discriminated against in the housing market.

This program, along with our MyHome program which provides low- and moderate-income homebuyers with down payment and closing cost assistance of up to 3.5% of the purchase price, supports CalHFA mission of investing in diverse communities with financing programs that help more Californians have a place to call home.