Three federally authorized programs are at the center of both HFA activity and NCSHA’s work in Washington, DC: Mortgage Revenue Bonds (MRBs), the Low Income Housing Tax Credit (Housing Credit), and the HOME Investment Partnerships Program (HOME). A number of HFAs also participate in Section 8 contract administration and restructuring.

Many HFAs administer other state and federal housing assistance programs such as homeless assistance, the Community Development Block Grant (CDBG) program, down payment assistance programs, and state housing trust funds.
 
HFAs are very involved in developing supportive housing.  HFA supportive services staff work to provide housing for persons with physical disabilities, mental illness, substance abuse addictions, homeless families, the elderly, and anyone else who can benefit from supportive services.  Each year, NCSHA surveys its member state HFAs to collect data on these various programs, publishing the results in its State HFA Factbook.  The most recent Factbook includes data for the previous calendar year and cumulative program statistics.