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Untitled Document
State Housing Finance Agencies (HFAs)
are state-chartered authorities established to help meet the affordable housing
needs of the residents of their states. Although they vary widely in
characteristics such as their relationship to state government, most HFAs are
independent entities that operate under the direction of a board of directors
appointed by each state's governor. They administer
a wide range of affordable housing and community development programs.
At the center of HFA activity within the states and NCSHA's work in Washington
are three federally authorized programs:
Using MRBs, the Housing Credit, HOME, and other federal and state
resources, HFAs have crafted hundreds of housing programs, including
homeownership, rental, and all types of special needs housing. Many NCSHA member
agencies also administer other federal housing programs, including
Section 8 and homeless assistance.
HFAs have provided affordable mortgages to 2.6 million families to buy their
first homes through the MRB program. HFAs have also financed 2.9 million low and
moderate income apartments, including 1.9 million apartments using the Housing
Credit.
Each year, NCSHA surveys its member state HFAs to collect data on them and
their programs, publishing the results in its
State HFA Factbook. The most recent Factbook includes data for calendar year
2006 and cumulative program statistics.
American Recovery and
Reinvestment Act (ARRA)
Housing Credit Assistance
Programs
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