Please confirm the source of funding for CalHFA first mortgages - is it tax-exempt? If so, does that mean that it is not compatible with other tax- exempt programs such as MCC?

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Please confirm the source of funding for CalHFA first mortgages - is it tax-exempt? If so, does that mean that it is not compatible with other tax- exempt programs such as MCC?

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CalHFA currently does not use bonds for financing its first mortgage programs, and you can combine our mortgage programs with MCCs from other sources.

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.

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Please confirm the source of funding for CalHFA first mortgages - is it tax-exempt? If so, does that mean that it is not compatible with other tax- exempt programs such as MCC?

https://www.fuzeqna.com/calhfa/ext/kbdetail.aspx?kbid=452