Housing for the people who serve your community.

01 · The problem

Teachers, first responders and public staff increasingly cannot afford to live where they work, and affordable housing projects need long-term, low-cost capital to pencil.

02 · How it works

Workforce housing for public employers. The agency provides land it already owns and keeps it. CalMuni PFA finances the project, repaid from rents. The agency can buy the project back, and it returns to the agency at the end of the term.

Affordable and senior housing. CalMuni PFA issues tax-exempt private activity bonds for qualified developers and nonprofit sponsors, paired with 4% low-income housing tax credits, subject to a state volume-cap allocation and local approval.

03 · What you get

Housing that serves moderate- and middle-income employees (81–120% of area median income) on workforce projects.
Repayment from the project, not the agency’s general fund.

04 · What it takes

Workforce: an agency with suitable land and a board ready to consider the structure.
Affordable: a qualified developer, site control, and a project that meets income restrictions.

05 · Questions

Does the agency give up its land?: No. On workforce projects, the agency keeps ownership of the land throughout.
Who manages the property?: A professional property manager under contract.

06 · Your contact

Reach the Authority team through the Contact page at calmunipfa.com/contact.