Homeownership: Empowering New Buyers
Recognizes an HFA for a new or enhanced program that best provides homeownership financing to HFA targeted customers.
Judging Criteria
Entries in the Homeownership category 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.
2022 Winner
MaineHousing
2022 Entries
Florida Housing Finance Corporation:
Salute Our Soldiers: Welcoming Florida’s Military Population Home
The state of Florida has 21 military bases and more than 1.5 million veterans. These individuals and their families have sacrificed so much to protect our country, but even after years of hard work many cannot afford to purchase their own home. Recognizing this need, Florida Housing Finance Corporation launched the “Salute Our Soldiers” Military Housing Loan Program. This program provides first mortgage loans with little to no interest, coupled with down payment and closing cost assistance, to help military families establish an affordable path to homeownership in Florida.
MaineHousing:
Starting over by creating pathways to home ownership. A small program with a large impact.
Homeownership may seem like a far-off prospect for someone relying on a Housing Choice Voucher to pay their rent, however, with the help of our ReStart Program, we at MaineHousing have found it to be a prospect worth fighting for. With MaineHousing staff dedicated to helping tenants find jobs, resources, and the education they need to increase their financial security, the path to homeownership has become a successful goal for many within the program.
Pennsylvania Housing Finance Agency:
PHFA helps homebuyers become DPA ready with K-FIT
The challenge of saving downpayment and closing cost funds for a home purchase remains difficult for many buyers. PHFA introduced a ten-year forgivable downpayment and closing cost loan program, to increase mortgage financing across the Commonwealth for eligible homebuyers obtaining PHFA loans.
Rhode Island Housing:
Helping First-Generation Homebuyers become the Next Generation of Homeowners
RIHousing’s new pilot program, FirstGenHomeRI, is helping first generation homebuyers become the next generation of homeowners. The program targets first-generation buyers by addressing inequities and barriers to homeownership while boosting the long-term, economic outlook for families who have historically not pursued homeownership.
