January 29, 2021| Bulletin #21-01
GSFA MCC Program - Funding Update
Please be advised that available funds for the GSFA MCC Program are currently very limited. Reservations are first-come, first-serve. Lenders are encouraged to reserve MCC funding once they have the application package completed.

The California Debt Limit Allocation Committee (CDLAC) sets the limits (State ceiling) for private-activity bond programs in the State of California. Unfortunately, CDLAC did not apportion any of the State ceiling to a Single Family pool for 2021. The Mortgage Credit Certificate Program is part of the Single Family pool.

Rest assured that if there is a change and a Single Family pool is re-established by CDLAC, GSFA will submit an application for an allocation of MCC funding.

Thank you for your continued support of our affordable housing programs.

For questions or additional assistance regarding this bulletin, please email info@gsfahome.org.
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Program Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

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