Management Innovation: Financial
Recognizes outstanding innovation in financial management to strengthen agency operations and achieve strategic objectives.
Management Innovation entries will be judged on the degree to which they:
- Are innovative
- Are replicable
- Respond to a management challenge or opportunity
- Achieve measurable improvements in agency operations
- Provide benefits that outweigh costs
- Demonstrate effective use of resources
- Achieve strategic objectives
If you have questions, please email firstname.lastname@example.org or call 202-624-7710.
New York City Housing Development Corporation (Winner)
Minnesota Housing (Winner):
"Enhanced Loss Mitigation Strategy"
Minnesota Housing has been using an aggressive set of loan modification tools in cooperation with its servicer to help place delinquent borrowers in more affordable products and to keep more first time buyers in their homes and neighborhoods.
New York City Housing Development Corporation (Winner):
"Funding Housing Programs and Using Wealth Created in a Parity Resolution"
The Corporation established its Multi‐Family Housing Bond Resolution ("Open Resolution"), which permits the issuance of an unlimited amount of parity debt bonds and is rated Aa2/AA by Moody's and S&P.
Rhode Island Housing:
"Sustaining the Single Family Portfolio Post HHFRI"
Although HHFRI funds have been fully allocated, Rhode Island Housing is committed to helping families and individuals who are struggling to make their mortgage payments.
Virginia Housing Development Authority:
"Proactive Rapid Rental Loan Refinancing and Retention Program"
The program requires VHDA to assess credit risk accurately, price it appropriately, and manage it effectively throughout the life of each loan.