Program Highlights
Offers up to 20% for down payment or closing costs, not to exceed $150,000
Homebuyer must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.
Eligibility
All Borrower must be a first-time homebuyer (FTHB)
One borrower must be a first-generation homebuyer
Borrower(s) will be required to give parents names, DOB's, current address or date of death if they've passed.
Income must meet CALHFA income limits
Steps to enter Lottery
Receive Pre-Approval from CALHFA Lender (see John Aguirre )
1-hour online course must be completed at calhfadreamforall.com
Applicants must upload a CALHFA Approval letter, government ID, proof of address, and/or proof of participation in foster care, information about your parents, to portal. This portal will not open till April 3rd, 2024.
Link to the portal will be found HERE
Logistics
Approved applicants will be randomly selected to receive a voucher once the portal is closed. Portal will be open starting April 3rd,2024 at 8:00am PDT and will close on April 29,2024 5pm PDT.
CalHFA will allocate available funds to nine geographic regions
Each region’s allocation will be based on the number of households in that region and DFA vouchers will be issued based on the available funds in each region.
The applicant’s current address will determine which region their application will be placed in for the random selection process. A list of the regions can be found here
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