Non-profit States Affordable Housing Financings Rise

The National Council of State Housing Agencies (NCHSA), a national non-profit that advocates before Congress on behalf of Housing Finance Agencies (HFAs) for affordable housing, reports the number of single-family homes financed by HFAs increased 41% in 2010 over 2009. mortgageorb says according to the 2010 NCHSA Factbook, HFAs financed 59,127 affordable homes in 2010, up from 41,857 in 2009. “We are very proud of this annual undertaking that provides hard evidence of HFA program results and successes,” says Barbara J. Thompson, executive director of the NCSHA. “The combination of the trends that we are seeing in the 2010 Factbook, along with what we are hearing from the HFA community, is a positive indication that the housing market recovery efforts are moving in the right direction.”

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