The California Housing Finance Agency (CalHFA) has announced the opening of the third round of funding for its California Dream For All Shared Appreciation Loan Program, offering new opportunities for eligible first-time homebuyers across the state.
The program is designed to make homeownership more attainable by providing financial assistance for down payments and closing costs. Through a shared appreciation loan, selected applicants may receive up to 20 percent of the home’s purchase price or appraised value — whichever is less — with a maximum award of $150,000.
Registration for the upcoming funding round will be open from February 24 through March 16, 2026. Interested applicants must register during this window to be entered into a randomized lottery process. Those selected will receive a voucher that can be applied toward the purchase of a home in California.
The initiative specifically supports first-generation homebuyers. To qualify, at least one borrower must be a first-generation homebuyer, meaning neither the borrower nor their parents have owned a home in the United States. All borrowers must also meet the definition of first-time homebuyers, and household income must fall within CalHFA’s established limits for the county in which the home will be purchased.
By reducing upfront costs, the program aims to help families and individuals secure stable housing and build long-term financial security through homeownership.
More information about eligibility requirements and application details is available online at https://www.calhfa.ca.gov/dream or by calling (877) 922-5432.
