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Housing Research & Analysis

National Association of Home Builder’s Report on The Economic Impact of the Affordable Housing Credit

In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC program supports almost 96,000 jobs in a typical year.

Moody’s 2013 Median Report on HFA Multifamily Loan Programs

2013 Medians Underscore Strength of State HFA Multifamily Programs

Moody’s Johnson-Crapo

Sector Comment: Proposed GSE Reforms Include Provisions for Housing Finance Agencies, a Credit Positive

Fitch Ratings 2014 Outlook

Rating and Sector Outlook Stable: Fitch expects most state housing finance agency (SHFA) ratings to be stable in the coming year following five years of Negative Rating Outlooks.

Standard & Poor’s Report Card on HFA Single-Family Programs

U.S. Public Finance Report Card: State Housing Finance Agencies’ Single-Family Programs Strengthen On Federal Support and Higher Equity

Standard & Poor’s Report on U.S. Housing Finance Agency Financial Ratios And Ratings Improve During A Weak Recovery

Amid the recovery in the housing market, financial ratios for U.S. housing finance agencies (HFAs) improved across the board in fiscal 2012 for the second straight year.

Moody’s Report on US State Housing Finance Agencies Outlook

10/8/2013 Moody's Investors Services report detailing an increased "Industry Outlook" rating for Housing Finance Agencies

Moody’s Analysis of Protecting Taxpayers and Homeowners Act (PATH Act)

"The housing finance system needs reform. But reform’s success depends on striking the appropriate balance between the benefits of the private market and the backstop of the federal government..."