California Housing Finance Agency
01/12/2026 | Press release | Distributed by Public on 01/12/2026 17:34
California Housing Finance Agency’s historic Moody’s rating reflects financial strength
New Aa1 rating gives CalHFA expanded abilities to finance more housing
January 12, 2026
SACRAMENTO - The California Housing Finance Agency is pleased to announce that Moody's Investor Service has recognized CalHFA's sound operations and strong balance sheet by upgrading its issuer rating to Aa1.
The new rating, updated from Aa2, is the highest CalHFA has ever received from Moody's and, when combined with its record-high AA+ from S&P Global Ratings, puts the Agency in rare financial standing even among the country's top housing finance agencies.
"These ratings give CalHFA staff a sense of pride in the prudent financial decisions the organization has made in recent years," said CalHFA Executive Director Tony Sertich. "Even more importantly, they expand CalHFA's ability to finance much-needed housing and homeownership opportunities for Californians."
According to Moody's, the Aa1 rating with a stable outlook reflects the Agency's very strong balance sheet with significant deleveraging and abundant liquidity, and very strong operating performance. The ratings agency added that CalHFA's financial strength is further enhanced by the oversight of a "very diversified and experienced management team."
"As we continue to explore innovative opportunities to finance more housing and create and expand our collaborative efforts with public and private partners, those partners can be assured that CalHFA is operating from a place of true financial strength," Sertich said.
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The California Housing Finance Agency was created in 1975 with the goal of helping more Californians find a place to call home. CalHFA has helped more than 233,000 low- and moderate-income homebuyers with $43.5 billion in first mortgages and used $12.8 billion in financing for the construction and preservation of more than 85,000 rental housing units throughout the state. CalHFA is a self-supported state agency that doesn't rely on taxpayer dollars for its operational costs but is currently administering various state and federal resources on behalf of the state through targeted programs. For more information on CalHFA programs, and how we are investing in diverse California communities, visit www.calhfa.ca.gov or call toll free at 877.9.CalHFA (877.922.5432).
Contact: [email protected]
Phone: 916.326.8604
California Housing Finance Agency published this content on January 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 12, 2026 at 23:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]