The CalHFA Board of Directors convened on November 21, 2024, to discuss significant initiatives aimed at enhancing homeownership access and promoting intergenerational wealth building for Californians. A key focus of the meeting was the introduction of a modified template designed to improve housing opportunities, which received enthusiastic support from board members.

During the meeting, a board member emphasized the importance of this initiative, referring to it as "low hanging fruit" that could provide a valuable alternative for potential homeowners. The board member commended the efforts of the staff, particularly highlighting the work of Erwin and his team, and expressed optimism about the initiative's potential impact, noting that while the market will ultimately determine its success, it is crucial for California to explore these options.

The board also opened the floor for public comments, but no audience members expressed interest in speaking. Following this, the board moved to approve Resolution 24-22, which was unanimously supported by all present members.

The meeting concluded with a clear commitment to advancing housing accessibility in California, reflecting the board's dedication to addressing the state's ongoing housing challenges.