The Mortgage Credit Certificate program provides benefits to first-time homebuyers by increasing affordability through a federal tax credit. Unfortunately, the current version of the proposed tax reform (H.R. 1) will impact the availability of affordable housing programs serving both homeownership and rental markets. Should the tax reform pass as proposed, it will eliminate CalHFA's ability to issue Mortgage Credit Certificates. For more information please read the bulletin below.
Thank you for your continued partnership with CalHFA.
