The Role of Housing Finance Agencies

The Role of Housing Finance Agencies in Increasing Access and Sustainability for Low and Moderate Income and First-Time Homebuyers

State Housing Finance Agencies (HFAs) are effective in addressing important market functions while at the same time fulfilling the public purpose of facilitating access to mortgages to creditworthy but otherwise underserved borrowers. Pending regulatory changes in the nation's housing system may create opportunities for HFAs to develop new products to serve low-income, minority and other underserved borrowers otherwise cut off from mortgage financing.

A study on state HFAs and homeownership: