Homeownership: Encouraging New Construction
Recognizes an HFA for a new or enhanced program that best encourages the new construction of affordable ownership housing.
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.
2025 Winner
MaineHousing
2025 Entries
MaineHousing:
Bridging the Gap in a Market Lacking “Starter” Homes
MaineHousing’s Affordable Homeownership Program (AHOP) was established in 2022 as a response to a housing market critically short on new, affordable, single-family homes -- in each Maine county, the median home sale price has been unaffordable compared to area median income since 2021, and purchase prices have increased by nearly 60 percent since. Creating modest new homes at affordable prices helps expand homeownership opportunity across the spectrum in Maine.
Virginia Housing:
The Catalyst for Creation: Innovation Grant Program
The Virginia Housing Innovation Grant Program aims to foster creative solutions for housing affordability and services targeted at low- and moderate-income residents in Virginia. The program promotes creativity and embraces thoughtful risk-taking by providing essential upfront funding. These grants support developing and testing new models and facilitate their scaling, ensuring that successful approaches are effectively integrated throughout the Commonwealth.
