Dear Friends,

The recently launched Disaster Rebuilding Assistance Program is now offering state-backed financial assistance to help homeowners impacted by a recent disaster access more favorable construction loans. This program is available for homes that suffered a total or partial loss or were affected by smoke damage. You are still eligible to receive a loan from an approved lender if you received CalAssist or any other disaster recovery support.

Borrower Requirements:

• Meet income eligibility guidelines
• Must have occupied the eligible property as your primary residence at the time of the disaster
• Must intend to occupy as primary residence within 60 days of certificate of occupancy
• Must currently own the eligible property

Eligible Properties:

• Single Family
• Planned Unit Developments
• Individual Condominiums
• 1-4 Unit Properties
• Accessory Dwelling Units
• Manufactured homes that are permanently affixed to real property and land owned by borrower

Learn More and Find Approved Lenders

The California Housing Finance Agency (CalHFA) is administering the program but is not a direct lender. Loan products are only offered through approved and trained loan officers who can help you learn more about this program and more CalHFA offerings. All loans are subject to their own underwriting guidelines and practices.

If you have any questions on these matters or need any assistance, please feel free to contact our Capitol office at (916) 651-4024 or our district office at (310) 414-8190. You can also follow us on social media or visit our website for additional updates from Sacramento and around the district.
 

All my best,

Ben Allen
Senator, 24^th District