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CalHFA reports early success for 'Dream for All' homebuyer awards
Summary
CalHFA staff reported that roughly 700 families entered into contracts as a result of recent 'Dream for All' awards, with cancellation rates lower than prior phases, indicating improved lender readiness and program performance.
Acting staff updated the board on CalHFA’s 'Dream for All' single‑family program. Rebecca Franklin said approximately 700 families have entered purchase contracts since the program awards were made two months prior, and that cancellation rates are lower than earlier program phases, which staff attributed to stronger lender preparation and borrower readiness.
Franklin emphasized the program’s goal of supporting first‑generation homebuyers and called the enrollment and contract activity an early sign the program is functioning as intended. She noted staff continue program implementation work alongside the three‑year strategic plan.
