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NEWS IN BRIEF

State Agency Dispensed $1 Billion for Housing

January 13, 2002

The California Housing Finance Agency assisted 16,040 California families with more than $1 billion in affordable housing financing during 2001.

Agency programs cover single-family homeownership, mortgage insurance and multifamily rental housing.

The agency's multifamily rental housing programs provided more than $165 million in permanent financing for 2,306 housing units in 28 projects.

The agency was established in 1975 to meet the housing needs of low- and moderate-income individuals and families.

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