California Student Housing Revolving Loan Fund (CaSHRLF)
Established to provide zero-interest loans to qualifying college applicants for the purpose of constructing affordable student, faculty, and staff housing.
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If you have any questions about the Bond and Note Financing program, please contact CSFA.
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CaSHRLF Overview
The California Student Housing Revolving Loan Fund (CaSHRLF) provides zero-interest loans for affordable student housing and affordable faculty and staff housing. It was established in 2022 under AB 190, the 2022 Education Budget Trailer Bill, and funded with an initial appropriation of $200 million for fiscal year 2023-24 through SB 117, the 2023 Education Budget Trailer Bill. An additional $300 million is intended for appropriation annually through fiscal year 2028-29, which will bring the final total of the fund to $1.7 billion.
During the 2023-24 and 2024-25 Budgets, the California Student Housing Revolving Loan Fund Program's annual appropriations were reverted.
Currently, CaSHRLF is unfunded.