Homeownership: Empowering New Buyers

Recognizes programs that best provide homeownership financing to HFA targeted customers.

Judging Criteria

Homeownership entries will be judged on the degree to which they:

  • Are innovative
  • Are replicable
  • Respond to an important state housing need
  • Demonstrate measurable benefits to HFA targeted customers
  • Have a proven track record of success in the marketplace
  • Provide benefits that outweigh costs
  • Demonstrate effective use of resources
  • Effectively employ partnerships
  • Achieve strategic objectives

If you have questions, please email awards@ncsha.org or call 202-624-7710.

2015 Winner

Alabama Housing Finance Authority (Winner)

2015 Entries

Alabama Housing Finance Authority (Winner):
"Alabama Home Buyer Initiative Assists More Than 1,600 Home Buyers"

Innovative economic stimulus program turns $6 million commitment into $243 million in home sales.

Arizona Department of Housing/Arizona Housing Finance Authority:
"AzHFA - Home Loan Program"

HOME Plus Program: Down payment and closing cost assistance with an attractively priced first mortgage.

California Housing Finance Agency:
"CalPLUS Conventional with ZIP Extra"

The CalPLUS loan exceeds expectations and helps more than 1,000 families in its first year.

Illinois Housing Development Authority:
"Welcome Home Illinois Program"

Welcome Home Illinois drove home sales to historic levels, empowered buyers and stimulated Illinois' economy.

Maryland Department of Housing and Community Development:
"Bringing It Home: The MMP TriplePlay Initiative"

Successful effort to empower new home buyers in a Maryland county hit hard by foreclosures

MassHousing:
"Lender Paid Mortgage Insurance"

A new loan product with no mortgage insurance is a big hit with borrowers.

Ohio Housing Finance Agency:
"Building Innovative Educational Opportunities to Increase Realtor and Lender Awareness"

Outreach plan to educate real estate agents and mortgage lenders

Rhode Island Housing:
"FirstHomes Tax Credit"

This HFA introduced a tax credit for first-time homebuyers to stimulate the housing market.