About HDFC

The Housing Development and Finance Committee (HDFC) was established in 2026 as part of the Governor’s 2025 Reorganization Plan. Read the Introduction to HDFC (PDF).

HDFC serves as California’s central body for the state’s multifamily affordable housing finance system by administering multifamily housing finance programs and coordinating funding resources across multiple state entities. The goal is to streamline the state’s developer–facing, multifamily affordable housing funding programs and improve the transparency of affordable housing policy, awards, and appeals decisions.

Within the California Housing and Homelessness Agency, HDFC coordinates with the Department of Housing and Community Development (HCD), the California Housing Finance Agency (CalHFA), and the California Interagency Council on Homelessness (Cal ICH).

Mission

To alleviate California’s affordable housing crisis, HDFC creates affordable homes by making California’s housing finance system simpler, faster, and more transparent.

Vision

Homes that Californians can afford, communities where they can thrive.

Guiding Principles

  • Alignment — Operate housing finance programs as a cohesive system
  • Transparency — Make funding processes and decisions predictable and transparent
  • Efficiency — Streamline administrative processes to minimize duplication and unnecessary delays
  • Accountability — Administer public resources responsibly with appropriate oversight
  • Collaboration — Partner to achieve statewide housing goals

Initiatives

Single Application

Creating a single application process with standardized multifamily guidelines, requirements, timeline

Program Consolidation

Consolidating state multifamily programs from HCD and CalHFA

Continuous Improvement

Encouraging continuous improvement by identifying state programs that could be consolidated in the future

Stakeholder Engagement

Encouraging early and meaningful stakeholder engagement to improve the process

Asset Management

Aligning asset management and compliance across agencies for long-term efficiency

Information Sharing

Improving data sharing and performance tracking across HCD, CalHFA, and Cal ICH

Executive Staff

Jonathan Klein

Executive Director

Vacant

Chief Deputy Director