State housing finance agencies (HFAs) have been at the center of the affordable housing financing system for more than 50 years. In 2019 alone, HFAs provided nearly $32 billion in financing for 161,000 mortgage loans to borrowers with an average income of roughly $56,000 and over $10 billion in financing for the development and rehabilitation of more than 150,000 rental units, according to the National Council of State Housing Agencies (NCSHA).
NCHSA recently recognized 16 state HFAs for their initiatives to effectively address affordable housing challenges, which included NHC members Michigan State Housing Development Authority (MSHDA) and the California Housing Finance Agency (CalHFA). For our Restoring Neighborhoods webinar, hear from Tia Boatman Patterson of CalHFA and Jeffrey Sykes of MSHDA who will discuss their organizations’ initiatives to spur rental housing construction and strengthen partnerships to ensure stability in the housing market.