Government Finance Officers Association recognizes CalHFA for excellence in financial reporting
Sacramento, California, May 13, 2024–(BUSINESS WIRE)–The California Housing Finance Agency once again won two Government Finance Officers Association Awards for excellence in financial reporting, marking the fifth consecutive year it has received the award.
GFOA recognized CalHFA's Fiscal Year 2021-22 Annual Comprehensive Financial Report with a Certificate of Outstanding Achievement in Financial Reporting and also commended CalHFA's companion document, the Popular Annual Financial Report. The report details CalHFA's financial situation in a style suitable for financial experts or beginners.
“Achieving this honor for the fifth year in a row is a great way to effectively shift funds used to fund housing opportunities for low- and moderate-income Californians,” said Tiena Johnson-Hall, CalHFA Executive Director. “This recognition recognizes CalHFA's long-term commitment to transparently administering this policy.” .
GFOA's Certificate of Achievement recognizes financial reporting that exceeds the minimum requirements of generally accepted accounting principles to demonstrate a spirit of transparency and full disclosure. It is the highest form of evaluation in government accounting and financial reporting.
The California Housing Finance Agency was founded in 1975 to help more Californians find a place to call home. CalHFA has assisted more than 220,000 low- and moderate-income homebuyers with $37.5 billion in first-time mortgage loans, and has provided $9.4 billion in first-time mortgage assistance to more than 220,000 low- and moderate-income homebuyers and in the construction and preservation of more than 78,000 rental homes across the state. Used dollar funds. Although CalHFA is an independent state agency and does not rely on taxpayer dollars for its operating costs, it currently manages a variety of state and federal resources on behalf of the state through targeted programs. To learn more about CalHFA programs and how we invest in California's diverse communities, please visit: www.calhfa.ca.gov Or call us toll-free at 877.9.CalHFA (877.922.5432).
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contact address
chris saur
Phone: 916.326.8604
Fax: 916.322.2345
csaur@calhfa.ca.gov
www.calhfa.ca.gov
