Bay Area Housing Finance Authority (BAHFA) Information
BAHFA is the first regional housing finance agency in California, created by the State Legislature in 2019 to produce more housing, preserve more affordable housing and protect vulnerable tenants – the “3 P’s” that define BAHFA’s mission.
BAHFA is working to bring immediate housing benefits to the region, including:
Credit: MidPen Housing
- Doorway, an online affordable housing search and application portal that serves the nine counties, to simplify the process of finding affordable homes in the Bay Area.
- A rental assistance subsidy program in Napa to prevent extremely low-income seniors and people with disabilities from becoming homeless.
- One-time state grants for affordable housing preservation and production projects.
- A Bay Area affordable housing pipeline to provide a comprehensive inventory of affordable housing projects in pre-development in the region.
On June 26, 2024, the BAHFA Board voted to place a regional bond measure to generate $20 billion to build more affordable homes and help keep existing homes affordable.
Should the bond pass, property owners will pay based on their assessed value as shown on their property tax bill. For every $100,000 of assessed value, property owners are expected to pay $19 each year for the $20 billion bond. For example, if a property is assessed at $750,000, the owner will pay about $143 per year.
San Mateo County’s share of the regional bond would yield $2.1 billion over 10 years.
Regional Funding for Local Solutions Info: SMC