California Opens Dream For All Lottery Window Feb. 24–March 16 for Up to $150,000 Down Payment Loans
A lottery will prioritize first-generation buyers, with repayments tied to home appreciation recycling funds for future assistance.
Overview
- Eligible applicants can enter during the 20‑day window, with awards offering as much as $150,000 in shared‑appreciation down payment support.
- Joint applications must include at least one first‑generation homebuyer and one California resident, while single applicants may also apply.
- Borrowers repay the assistance at sale through a shared‑appreciation model that returns 15%–20% of the home’s gain to CalHFA’s fund.
- This third round is part of a roughly $200 million rollout, following about 4,100 approvals and nearly $550 million lent over the program’s first two years.
- High demand and limited funding have previously led to rapid exhaustion of awards, prompting a lottery process and calls for broader supply‑side solutions.