California Unlocks $100 Million in Financing to Help Wildfire Victims Rebuild
Los Angeles, Wednesday, 30 September 2026.
Lendistry Home Loans has joined California’s $100 million disaster program, leveraging state loan guarantees to help wildfire victims rebuild primary homes, multi-family units, and accessory dwelling units.
Mechanics of the Disaster Rebuilding Assistance Program
The Disaster Rebuilding Assistance Program was established via Governor Gavin Newsom’s 2026-27 state budget to provide loan-loss guarantees and reduced-interest financing for wildfire-displaced, low- to moderate-income homeowners [1]. This public-private partnership is designed to address financial barriers for those affected by the 2025 Pacific Palisades and Altadena wildfires [1]. By leveraging loan-loss guarantees, the state initiative aims to unlock critical private financing for homeowners seeking to rebuild following destructive wildfires in Los Angeles [1]. The program is currently active as of 30 September 2026, with the state focusing on stabilizing housing markets through credit enhancement tools [1]. CalHFA continues to support California homeowners through every stage of disaster recovery, emphasizing that the program provides support for the rebuilding phase [2]. The initiative is designed to increase the accessibility of financing for disaster survivors rebuilding their homes [2].
Lendistry Home Loans Pilot Implementation
On 2026-09-30, Lendistry Home Loans announced its approval as a construction lender for the program, launching its Disaster Recovery Mortgage Pilot [1]. This pilot includes construction loans for primary residences and income-generating properties such as duplexes, triplexes, and accessory dwelling units (ADUs) [1]. Applications for the Disaster Recovery Mortgage are opening soon, though no specific date has been provided [alert! ‘specific date not provided in source’] [1]. Everett K. Sands, CEO of Lendistry Home Loans, stated that collaboration among the state, lenders, and other mission-driven organizations will be essential to helping displaced families rebuild and return home [1]. The pilot is supported by collaborators ServBank for mortgage subservicing and borrower support, and Granite Risk Management [1]. Additionally, The Center by Lendistry’s LA Rebuild Hub offers support and resources for wildfire-displaced homeowners who are not yet prepared to pursue financing options [1].
Broader Economic Impact and Industry Collaboration
Industry leaders highlight how collaboration can turn disaster recovery policy into clearer resources and real paths forward for homeowners [3][4]. Paul Gigliotti, CEO of the California Mortgage Bankers Association, has explained the importance of these collaborative efforts in the context of the California disaster rebuilding portal [3][4]. Governor Gavin Newsom has expressed that the goal is to help families get back home and communities rebuild faster [1]. Lendistry Home Loans, LLC is a community-driven residential mortgage company and a fully-owned subsidiary of B.S.D. Capital, Inc. dba Lendistry, a tech-enabled small business lender [1]. This structure allows for a focused approach on community-driven residential mortgage solutions within the broader economic recovery framework [1]. The involvement of multiple stakeholders underscores the complexity of mitigating climate risk and stabilizing housing markets in the region [1].