Over the last 30 years the agency's primary programs have
provided:

-- Below-market interest rate loans to thousands of low and
moderate income first-time homebuyers

-- More than 6,600 families benefited from this program in
the last fiscal year, receiving total financing of more
than $1.

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News Editors/Financial Editors/Housing Writers

SACRAMENTO, Calif .8 billion since the program began in 1975.

-- Local governments with financial assistance to promote
affordable housing in their communities

-- An effort that has resulted in financing for more than
17,000 affordable housing units in nearly 90 California
communities since the program began in 1999. (NYSE:PMI), announced today a $25,000 grant to Brothers
Redevelopment Inc.
Brothers Redevelopment Inc. The PMI
Foundation is located in Walnut Creek, CA.

housing recognizing

"With the median price of a California home now well over $400,000
and prices increasing in areas where housing once was very affordable,
the challenge for families trying to purchase their first home is
often seen as overwhelming," she said. offers many services, including
specialized counseling on predatory lending, foreclosure prevention
and first time home buying .

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----When the
California Housing Finance Agency (CalHFA) was created in 1975, its
purpose was to foster safe, decent and affordable housing for
Californians by offering low interest loans for first -time homebuyers
and financing for affordable rental housing. "When we look back, it's
exciting to think of the difference we've made by helping so many
Californians purchase a home or find affordable rental housing.

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----The PMI
Foundation, a nonprofit organization established by The PMI Group,
Inc .
"PMI is pleased to further Brothers Redevelopment's mission of
increasing affordable housing opportunities for deserving families and
underserved communities in Colorado. BRI donors know that
their contribution will help only the most in need -- the region's
low-income, elderly and disabled residents," said Mary Ann Shing,
President, Brothers Redevelopment Inc.
sponsors an annual paint -a-thon that benefits low-income seniors
unable to afford a commercial paint job, and a Well Youth Workshop,
which challenges youth to consider community service as an essential
part of living . All of Brothers Redevelopment Inc.

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Today, what began with a dozen employees, $750,000 in funding and
a small number of loans, has blossomed into a nationally recognized
housing bank that operates 365 days a year throughout California with
a wide variety of below market rate loans and mortgage insurance
products."
In 1975, CalHFA was chartered as the state's self-supporting
affordable housing bank to make below market interest rate loans
through the sale of tax-exempt bonds.gov

programs are
offered in English and Spanish.

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"We are working with local
governments, lenders , community groups and other partners to expand
our existing programs and develop new ways to ease the path for
families trying to purchase a home.

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Brothers Redevelopment Inc.

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"Our loan programs are open to moderate income Californians as
well.calhfa.

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CalHFA has helped over
350,000 Californians obtain housing that is affordable through its
homeownership mortgage assistance and multifamily programs . We
couldn't have done so much without dedicated employees, stakeholders
and our partners in the real estate, construction and lending
communities.

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Now celebrating its 30th anniversary, CalHFA can measure its
achievements in the people it has served.
"Supporting affordable housing organizations is the right thing to
do, especially considering that PMI is an integral part of meeting the
nation 's housing needs.

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"If you're a Californian
struggling to get into a home, you owe it to yourself to check out
CalHFA to see if we can make it financially possible."
For more information on CalHFA and its affordable housing
programs, please visit www.

owning occupancy

We also have special programs for teachers and residents in high
cost of living areas," Parker said., a non-profit housing redeveloper in Denver .

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CalHFA Celebrates 30 Years of Making Housing More Accessible to Californians

There is also
often a misconception that CalHFA only assists very low income
homebuyers.
"BRI has always been effective in our service delivery and
accountable to donors, clients and the community.

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"One of CalHFA's primary goals is to make the dream of
homeownership possible for more California families," said Theresa
Parker, Executive Director of CalHFA. Since CalHFA began, the agency has
financed over 130,000 home loans worth more than $13
billion. But the private and public sectors , working together,
can pool their collective resources to come up with viable solutions
that are innovative in their approach, tailored to the unique needs of
individual communities, and focused on creating a better quality of
life," said Smith.

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Revenues generated through
mortgage loans, not taxpayer dollars, repay the bonds.

-- Down payment assistance programs helping over 34,000
first-time homebuyers get past the hurdle of the down payment
and closing costs

-- CalHFA has financed more than 48,000 loans totaling $340
million .

-- Financing to build and preserve decent and affordable rental
housing

-- More than 34,000 units have been financed by CalHFA for a
total of $1 . Too often, Parker says, people are not aware of the
programs that can help bridge the gap to homeownership ., which was established in 1971,
provides safe, affordable, accessible housing and housing services for
the low-income, elderly and disabled in the greater Denver
metropolitan area.

deleware recognizing

ca.

The PMI Foundation Presents Grant to Colorado Grassroots Organization That Facilitates Affordable Housing

The PMI Foundation supports national and local organizations that
create housing opportunities and help revitalize neighborhoods in
communities throughout the United States and around the world.

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2 billion.

Parker says that the task of helping low and moderate income
Californians become homeowners is as difficult today as ever."
"CalHFA is proud of its 30 year commitment to affordable housing,"
Parker said.

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The CalHFA programs can provide the help that people need to buy
their first home.
"Innovative efforts on the local and state level are creating and
preserving opportunities for homeownership and affordable rental
housing in the state," said Parker. PMI is a staunch advocate of
affordable housing and we support a number of national organizations
that foster greater access to affordable housing," said Steve Smith,
President and Chief Executive Officer of PMI Mortgage Insurance Co. It has
sponsored or co-sponsored thirty-five Habitat builds worldwide and
contributed to the funding of an additional seventy builds.

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"
Due to the increasing cost of housing, the agency is committed to
developing new products and initiatives to meet the needs of
Californians. In addition, Brothers Redevelopment Inc. There's no quick and easy remedy that will fit
every situation.

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"It is our hope that we can continue in these next 30
years to make homeownership and affordable housing available to
hundreds of thousands more California families.

Philanthropy Writers/Business Editors/Real Estate Writers

WALNUT CREEK, Calif.