Housing finance agencies and housing bonds
State and local housing finance agencies (“HFAs”) are state chartered housing agencies that serve to provide affordable housing for low to moderate income residents of their respective states. To satisfy their mandates, HFAs provide low-cost mortgages, home buyer counseling, down payment and up-front cost assistance, and proactive servicing to first-time qualifying home buyers. HFAs also provide low-cost multi-family financing to facilitate the development of affordable rental homes. State and local HFAs operate in all 50 states and many cities and counties across the country.