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CalHFA announces $170M sustainability bond to support more than 1,000 affordable units
Summary
CalHFA staff said the agency closed a sustainability bond issuance of about $170 million to support loans for 1,078 affordable housing units statewide; staff credited CalHFA's strong credit ratings and internal capital markets work.
CalHFA staff reported that the agency closed a sustainability bond issuance totaling about $170,000,000 that will support loans for 1,078 affordable housing units across California. Rebecca Franklin (acting in the executive director role during the meeting) highlighted the deal as part of the agency’s ongoing multifamily financing strategy and credited staff work across underwriting and capital markets for the successful sale.
Staff thanked internal teams (including CalHFA’s capital markets unit) for due diligence and execution; the board noted the transaction in its consent discussion as part of a busy summer of financing activity.
