The Housing Development and Finance Committee (HDFC) was established in 2026 as part of the Governor’s 2025 Reorganization Plan. Read the Introduction to HDFC (PDF). HDFC serves as California’s central body for the state’s multifamily affordable housing finance system by administering multifamily housing finance programs and coordinating funding resources across multiple state entities. The goal is to streamline the state’s developer–facing, multifamily affordable housing funding programs and improve the transparency of affordable housing policy, awards, and appeals decisions. Within the California Housing and Homelessness Agency, HDFC coordinates with the Department of Housing and Community Development (HCD), the California Housing Finance Agency (CalHFA), and the California Interagency Council on Homelessness (Cal ICH).