first mortgage is refinanced or paid off, or the house is sold. The Forgivable Equity Builder Loan provides a loan of up to 10% of the purchase price, which is forgiven if the borrower stays in the home for five years. The Accessory Dwelling Unit program provides a grant of up to $40,000 toward predevelopment costs of building an ADU on an existing property. Operations CalHFA is a statutorily independent agency and component unit of state government and is not subject to Budget Act appropriation. For reporting purposes, budget information for CalHFA is displayed within the budget of the Department of Housing and Community Development. See also Federal Housing Administration Notes External links Business, Transportation and Housing Agency|Housing Finance Agencies Housing finance agencies of the United States Government agencies established in 1975 1975 establishments in California