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 awards@ncsha.org or call 202-624-7710.

2015 Winner

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.

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.