HUD lender profile
California Housing Finance Agency: HUD multifamily lending record
HUD insured 28 multifamily loans with California Housing Finance Agency as lender in FY2022-FY2026, for $688 million and 3,950 units. That is 1.1% of all HUD multifamily dollars in those years and #24 among lenders.
- HUD files it as CALIFORNIA HOUSING FINANCE
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 12 HUD loans for $279 million, up 9% from FY2025 and ranking #17 among HUD multifamily lenders that year.
Its HUD book is concentrated: HFA risk share made up 100% of its dollars over five years.
Every one of those loans was in California.
Its median loan was $23.5 million, above the $14.3 million median for all HUD multifamily endorsements in the same years.
20 of its 28 loans (71%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
Most of its HUD volume is Section 542(c) risk sharing, where a state or local housing finance agency underwrites the loan and shares losses with HUD. Those loans are not MAP loans and follow the agency's own process, which is why firm-to-closing times look so different from FHA's full-insurance programs.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 12 | $279M | 0 | 0 | #17 | |
| FY2025 | 7 | $255M | 0 | 0 | #11 | |
| FY2024 | 1 | $44.4M | 0 | 0 | #38 | |
| FY2023 | 6 | $71.8M | 0 | 0 | #30 | |
| FY2022 | 2 | $37.2M | 0 | 0 | #43 | |
| FY2021 | 8 | $83.8M | 0 | 0 | #38 | |
| FY2020 | 6 | $51.6M | 0 | 0 | #44 | |
| FY2019 | 6 | $43.6M | 0 | 0 | #42 | |
| FY2018 | 6 | $46.9M | 0 | 0 | #42 | |
| FY2017 | 5 | $68.0M | 0 | 0 | #35 | |
| Since FY2001 | 92 | $1.27B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 542(c) housing finance agency risk sharing | 28 | $688M | $23.5M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| California | 28 | $688M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (28)
- 131 days median
- Middle half of its loans
- 80-195 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-21 | Serra Apartments · CA | HFA risk share | $28.4M |
| 2026-08-31 | Mirasol Village Block D · CA | HFA risk share | $13.9M |
| 2026-08-21 | The Bluffs at 44th · CA | HFA risk share | $12.2M |
| 2026-08-05 | 8181 Allison · CA | HFA risk share | $24.5M |
| 2026-04-13 | Alamo Street Apartments · CA | HFA risk share | $61.0M |
| 2026-03-13 | Fiddyment Apartments · CA | HFA risk share | $38.6M |
| 2026-03-13 | Sarah's Court Apartments · CA | HFA risk share | $6.4M |
| 2026-03-13 | California Grand Manor Apartments · CA | HFA risk share | $6.2M |
| 2025-11-04 | Kimball Highland · CA | HFA risk share | $23.7M |
| 2025-10-03 | Marina Village Apartments · CA | HFA risk share | $26.1M |
| 2025-10-03 | Anton Mosaic Apartments · CA | HFA risk share | $23.2M |
| 2025-10-03 | Kelsey Ayer Station · CA | HFA risk share | $14.6M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Kiku Crossing · CA | HFA risk share | $69.0M |
| Alamo Street Apartments · CA | HFA risk share | $61.0M |
| 921 Howard Street Apartments · CA | HFA risk share | $45.0M |
| Gateway Rising Apartments · CA | HFA risk share | $44.4M |
| Fiddyment Apartments · CA | HFA risk share | $38.6M |
| Vista Woods · CA | HFA risk share | $37.7M |
| Anton Viridian Apartments(fka Elm Lane Apartments) · CA | HFA risk share | $36.9M |
| College Creek Apartments · CA | HFA risk share | $34.0M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists California Housing Finance as servicer on 100 apartment loans with $1.10 billion of balance and 11,451 units. The median note rate on that book is 5.24%. 12 of the loans carry a rate under 4%. 11 mature within five years. HUD lists the same name as holder of 100 loans.
- Risk sharing
- 100 loans
Largest servicing states: California (100).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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