Affordable Multifamily Financing Program

CAEATFA is launching the Affordable Multifamily Financing Pilot, targeting affordable multifamily properties with at least 50% of the units restricted to income eligible households. The Affordable Multifamily Financing Pilot features a credit enhancement to help financing entities mitigate risk, and will support loans, leases, service agreements and savings-based payment agreements. It will be designed to leverage and complement existing efforts to finance affordable multifamily energy efficiency retrofits, and to encourage growth in private market lending.

The option to make payments on the customer’s utility bill (on-bill repayments) will be available for master-metered multifamily properties once the functionality is established.

02/26/19 Workshop: Proposed Regulations for Affordable Multifamily Financing Pilot

Ahead of utilizing the emergency rulemaking process, CAEATFA will hold a public workshop at 10:00 AM PDT on February 26, 2019, to propose regulations for the Affordable Multifamily Financing Program. Following the workshop, CAEATFA invites public comment on the proposed regulations through March 8, 2019 by 5:00 PM PDT. Comments may be provided at the workshop or emailed to cheef@treasurer.ca.gov.

Seeking Input from External Stakeholders:

• Multifamily Program Implementers
• Multifamily Property Owners
• Finance Entities

CAEATFA will be holding the workshop on the proposed regulations from 10:00 AM PDT to 12:00 noon (or until public comments and/or questions are concluded) on February 26, 2019 at the Jesse M. Unruh building, 915 Capitol Mall, Room 587, Sacramento, CA 95814. To attend the workshop in person, please email cheef@treasurer.ca.gov with your name, organization and phone number. To attend the workshop by webinar, please follow this link.

Regulations Text

Regulations Workshop Presentation

Additional information on the Affordable Multifamily Program can be found at gogreenfinancing.com/multifamily.