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C a I I-I FA <br />February 26, 2007 <br />California Housing Finance Agency <br />To: Cities, Counties, Housing Authorities, Redevelopment Agencies, <br />Other Governmental Agencies and Interested Parties <br />RE: HELP Program (Housing Enabled by Local Partnerships) <br /> <br />We are pleased to announce that CaIHFA is now accepting applications for $7.5 million of HELP <br />funds. This is the second of two rounds of funding that will be offered during CaIHFA's 2006- <br />2007 fiscal year. <br />We are proud to report that the HELP Program is in its ninth year of funding low interest <br />deferred housing loans to local agencies for innovative, diverse, and comprehensive housing <br />programs. As of this date, the Agency has awarded $167.5 million in funds under the program <br />for the projects and programs of 105 local government entities statewide, which is expected to <br />result in the production of nearly 19,500 affordable housing units. <br />We look forward to receiving your application for these valuable 3 1/2 % deferred interest rate <br />housing loans under the HELP Program. For your convenience, we have enclosed the HELP <br />guidelines and requirements for the application package. An application should be submitted to <br />CaiHFA, as follows: <br />By mail: PO Box 4034 <br />Sacramento, CA 95812-4034 <br />Attn: HELP Program <br />By delivery: 1415 L Street, Suite 500 <br />Sacramento, CA 95814 <br />Attn: HELP Program <br />By facsimile: (916) 445-9315 <br />By email: arose@calhfa.ca.gov <br />Applications must be received no later than 5:00 P. M. on Friday, Apri120, 2007. We anticipate <br />announcing selections for HELP Program funding by June 22, 2007. <br />Sacramento Headquarters Los Angeles Office <br />P.O. Box 4034 100 Corporate Pointe, Ste. 250 <br />Sacramento, CA 95812 Culver City, CA 90230 <br />(916) 322-3991 (310) 342-1250 <br />www.calhfa.ca.gov <br />