Rental Housing: Preservation and Rehabilitation

Recognizes programs that best preserve or rehabilitate affordable rental housing.

Note: Individual developments are not eligible for an award.

Judging Criteria

Rental Housing entries will be judged on the degree to which they:

  • Are innovative
  • Are replicable
  • Respond to an important state housing need
  • Demonstrate measurable benefits to HFA targeted customers
  • 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 or call 202-624-7710.

2015 Winner

2015 Entries

Connecticut Housing Finance Authority:
"State-Sponsored Housing Portfolio Revitalization Initiative"

Providing affordable housing owners and residents innovative solutions to create sustainable, livable communities.

Illinois Housing Development Authority (Winner):
"Scattered Site Foreclosure Acquisition"

IHDA leveraged the nation's most successful housing tool to support strategic, geographically targeted stabilization efforts.

"MassHousing - A Public/Private Partnership in the MAP Program"

MassHousing establishes a joint venture with private sector partners for MAP lending.

Michigan State Housing Development Authority:
"Creative Use of Historic Schools in Michigan"

Converting historic school buildings into affordable housing

Minnesota Housing:
"Publicly Owned Housing Program"

The Publicly Owned Housing Program provides no interest, deferred, forgivable loans to eligible entities to preserve publicly owned housing.

New York City Housing Development Corporation:
"Federal Financing Bank ("FFB") - Affordable Finance Program Pilot"

HDC's utilization of a bifurcated structure in financing mixed-income developments to reduce volume cap need