At its June meeting, the Housing Development and Finance Committee (HDFC) Executive Committee received a streamlined 100 day plan from the new Executive Director, outlining the urgent steps needed to launch the state’s newest housing finance entity.
With HDFC facing a compressed startup timeline, the plan focuses on setting clear priorities, establishing early momentum, and positioning the organization to deliver faster, more coordinated affordable housing financing.
The plan centers on four core goals: coordinating multifamily housing finance, accelerating the path from application to conversion, building tools to measure progress, and strengthening trust and transparency. Key milestones include releasing draft guidelines for consolidated programs, creating a unified application and review process, testing a new application portal, and adopting a single statewide funding calendar.
To support continuous improvement, HDFC will also begin developing tools such as a pipeline management system and a public dashboard to track applications from submittal through funding and conversion. Consistent stakeholder engagement—through public comment periods, industry partnerships, and ongoing outreach—will guide implementation and build confidence among partners and communities.
A follow up plan covering the second 100 day period may be developed later this year, ensuring that HDFC maintains momentum as it works to simplify, speed up, and align California’s affordable housing finance system.