Homeownership: Empowering New Buyers
Recognizes programs that best provide homeownership financing to HFA targeted customers.
Homeownership entries will be judged on the degree to which they:
- Are innovative
- Are replicable
- Respond to an important state housing need
- Use data, research, and analysis to demonstrate measurable benefits to HFA targeted customers and underserved markets
- 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 firstname.lastname@example.org or call 202-624-7710.
Alabama Housing Finance Authority (Winner)
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
"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.