Mixed-Income Program
04/15/2025 - CalHFA has completed preliminary application assessments for the 2025 Mixed-Income Program. Applications were prioritized pursuant to the 2025 MIP term sheet, and the initial award list outlines the top 12 eligible developments, which are expected to produce 2,319 total units. All preliminary awards are conditional and subject to CalHFA’s full underwriting and analysis of project feasibility.
Mixed-Income Program
The CalHFA Mixed-Income Program (MIP) provides long-term subordinate financing for new construction affordable multifamily developments throughout California that provide housing with units restricted at all income levels between 30% and 120% of the Area Median Income of the county in which the development will be located. The program was created with an annual appropriation of funds to CalHFA under 2017's Senate Bill 2 (SB2), the Building Homes and Jobs Act. CalHFA receives 15% of the Building Homes and Jobs Act Fund for MIP.
2025 Mixed-Income Program Term Sheet
2025 Mixed-Income Application Guide
MIP Information – 2024
- Archived 2024 Mixed-Income Program Term Sheet - No longer accepting applications
- Archived 2024 Preliminary Award List
