Updated October 2026

CalHFA’s Mixed-Income Program (MIP) is a subordinate loan for multifamily rentals that mix incomes from 30% to 120% of area median income. The 2026 round gives projects in the 2025 fire areas a ranking boost.

The short version

• Up to $6 million per project, capped at 50% of the permanent loan.
• $50,000 per MIP-regulated unit in moderate and low resource areas; $60,000 in high and highest resource areas.
• 3% simple interest, second lien, 55-year affordability covenant.
• Projects in areas damaged by the Palisades, Eaton and Hurst fires get a one-step better rank, and LA County can receive up to 35% of the funds (25% is the normal cap).

Who qualifies

Developers of mixed-income rental housing in California. The 2026 term sheet requires:

• 30% of units at or below 50% AMI, including at least 10% at 30% AMI.
• 10% of units between 60% and 80% AMI.
• The rest at or below 120% AMI, with at least a 40-point spread between the lowest and highest income targets.
• Rents at the lower of the tax-credit or local maximum, or 10% below market.

Where the program stands

The 2025 round this page first covered is closed. For 2026, CalHFA finished preliminary application reviews on May 5, 2026 and named 13 eligible developments, about 1,768 units, using $63 million in MIP loans. Awards are conditional on full underwriting. Watch the CalHFA MIP page for the next round and read the 2026 term sheet before you size a deal.

How we use it

MIP fits mid-size rental buildings, the kind we design for multifamily clients. Courtyard 55 in Alhambra, a concept, puts 55 homes around one shared courtyard with retail at the street. Cuckoo Complex in San Diego is a six-unit building shaped by light, air and courtyards. If you own land in a fire area, ask us how many units it can hold before you call a lender.