April 23, 2021| Bulletin #21-02
GSFA MCC Program - Funding Update
Please be advised that GSFA is currently out of MCC allocation. However, cancellations do come in from time to time. Lenders may contact us if they have a potential MCC borrower that would like to be on our waiting list.

The California Debt Limit Allocation Committee (CDLAC) sets the limits (State ceiling) for private-activity bond programs in the State of California. Unfortunately, CDLAC did not apportion any of the State ceiling to a Single Family pool for 2021. The Mortgage Credit Certificate Program is part of the Single Family pool.

Rest assured that if there is a change and a Single Family pool is re-established by CDLAC, GSFA will submit an application for an allocation of MCC funding.

Thank you for your continued support of our affordable housing programs.

For questions or additional assistance regarding this bulletin, please email info@gsfahome.org.
Join us for Lender Training on
GSFA Homebuyer Assistance Programs
Program training right from your desk through our webinars.
GSFA Platinum®
Down Payment Assistance
GSFA OpenDoors®
Down Payment Assistance
Knowledge is key to being successful as a mortgage professional in today's market.

The more you know about homebuyer assistance programs, the easier it is to match borrowers with the right products to fit their needs.
Join GSFA for live webinars to learn program advantages and guidelines, how to process applications, key dates, marketing tools and much more.

Various dates and times are available. Click the link below to view availability and reserve your virtual seat.
Training Recommended for:
Loan Officers, Originators, Processors and Underwriters
© 2021 Golden State Finance Authority. All rights reserved.

Program Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

Stay Connected
CONTACT US
Call us toll-free
(855) 740-8422
Visit us at www.gsfahome.org