The California Housing Finance Agency (HFA) sold $84.9 million of affordable multifamily housing revenue bonds. Designated as Sustainability Bonds, this financing allows CalHFA to advance its mission of creating and preserving affordable housing for thousands of California families each year, while also promoting the state’s environmental and social values. Individual investors from California demonstrated their broad support for those values by placing orders for more than $24.7 million of the bonds. The bond sale also experienced high demand from institutional investors, with more than 30 orders placed by that group. This is CalHFA’s initial debt offering through the new Affordable Multifamily Housing Revenue Bond Indenture, and the first time since 2014 that CalHFA has entered the capital markets to finance permanent loans for multifamily developments in this way.