Summary

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    SSgA, on behalf of Treasury, sent a 12 question optional survey, in March 2010, to the 84 HFAs that participated in the Single Family New Issue Bond Program. The goal of this survey was to gain insight into how the program is serving the HFAs as well as learn potential areas for improvement of the program. Of the 72 respondents, 47 were State HFAs and 25 were Local HFAs.

    Survey responses were thorough and enabled us to distill the following major themes regarding the state of the New Issue Bond Program at the end of the first quarter:

    • New Issue Bond Program is helping HFAs accomplish their mission
    • Macroeconomic factors are having a negative effect on the implementation of the program
    • Private Mortgage Insurance options are limited
    • A number of HFAs have indicated a desire for an extension or repeat of the program

    You can view the survey results here.

    You can view the executive summary here.