California Housing Finance Agency Wins Reporting Award for the Fifth Consecutive Year
May 13 2024 - 1:45PM
Business Wire
Government Finance Officers Association honors
excellence in CalHFA’s financial reporting
The California Housing Finance Agency has once again earned two
Government Finance Officers Association awards for excellent
financial reporting, marking the fifth consecutive year of
recognition.
GFOA honored CalHFA’s Annual Comprehensive Financial Report for
Fiscal Year 2021-22 with a Certificate of Achievement for
Excellence in Finance Reporting and lauded CalHFA’s companion
document – the Popular Annual Financial Report – as well. The
reports detail CalHFA’s financial position in styles that are
suitable for financial professionals or a novice.
“Earning this honor for a fifth year in a row recognizes
CalHFA’s long-term commitment to being an effective and transparent
steward of funds that are used to finance housing opportunities for
low- and moderate-income Californians,” said CalHFA Executive
Director Tiena Johnson Hall.
The GFOA Certificate of Achievement honors financial reporting
that goes beyond the minimum requirements of generally accepted
accounting principles to evidence the spirit of transparency and
full disclosure. It is the highest form of recognition in
government accounting and financial reporting.
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 220,000 low- and moderate-income
homebuyers with $37.5 billion in first mortgages and used $9.4
billion in financing for the construction and preservation of more
than 78,000 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).
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version on businesswire.com: https://www.businesswire.com/news/home/20240513578022/en/
Chris Saur Phone: 916.326.8604 Fax: 916.322.2345
csaur@calhfa.ca.gov www.calhfa.ca.gov