An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA mortgage insurance protects lenders against losses. They have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because this type of loan is more geared towards new house owners than real estate investors, FHA loans are different from conventional loans in the sense that the house must be owner-occupant for at least a year. Since loans with lower down-payments usually involve more risk to the lender, the home-buyer must pay a two-part mortgage insurance that involves a one-time bulk payment and a monthly payment to compensate for the increased risk. Frequently, individuals "refinance" or replace their FHA loan to remove their monthly mortgage insurance premium. Removing mortgage insurance premium by paying down the loan has become more difficult with FHA loans as of 2013.
The Oklahoma Turnpike Authority is an agency of Oklahoma that deals with issues regarding the Oklahoma turnpike system. Along with the Oklahoma Department of Transportation, the Authority is the primary infrastructure construction and maintenance agency of the State.
Canada Mortgage and Housing Corporation (CMHC) (SCHL) is Canada's national housing agency, and state-owned mortgage insurer. It was originally established after World War II, to help returning war veterans find housing, and is a wholly-owned Crown Corporation of the Government of Canada. Since then, it has seen its mandate expand to the mandate of improving access to housing, including owned and rental.
The Oklahoma Department of Transportation (ODOT) is an agency of the government of Oklahoma responsible for the construction and maintenance of the state's transportation infrastructure. Under the leadership of the Oklahoma secretary of transportation and ODOT executive director, the department maintains public infrastructure that includes highways and state-owned railroads and administers programs for county roads, city streets, public transit, passenger rail, waterways and active transportation. Along with the Oklahoma Turnpike Authority, the department is the primary infrastructure construction and maintenance agency of the State.
The Oklahoma Employment Security Commission (OESC) is an independent agency of the state of Oklahoma responsible for providing employment services to the citizens of Oklahoma. The Commission is part of a national network of employment service agencies and is funded by money from the United States Department of Labor. The Commission is also responsible for administering the Workforce Investment Act of 1998 on behalf of the state.
The New York State Housing Finance Agency (HFA) is a New York State public-benefit corporation created in 1960 to build and preserve affordable multifamily rental housing throughout New York State. HFA sells bonds and uses the proceeds to make mortgages to affordable housing developers. It and its subsidiaries are now administered by New York State Homes and Community Renewal.
The State of New York Mortgage Agency (SONYMA) is a New York State public-benefit corporation created in 1970 by the state government of New York to provide affordable homeownership to low- and moderate-income New Yorkers. It offers affordably priced fixed-rate mortgages through several mortgage programs for eligible homebuyers. Each program offers competitive interest rates, low down payments, down payment assistance and no prepayment penalties. SONYMA offers its programs through a network of participating lenders throughout New York state who contract with the agency to offer SONYMA's programs to their customers. The mortgage loans are purchased from the lenders by SONYMA, which funds the purchases by issuing tax-exempt bonds. In 2017, it had operating expenses of $62.57 million, an outstanding debt of $2.533 billion, and a staff level of 275 people.
The Texas Department of Housing and Community Affairs (TDHCA) is the state's lead agency responsible for homeownership, affordable rental housing, community and energy assistance programs, and colonia activities serving primarily low income Texans. The Manufactured Housing Division of TDHCA regulates the manufactured housing industry in Texas. The Department annually administers more than $400 million through for-profit, nonprofit, and local government partnerships to deliver local housing and community-based opportunities and assistance to Texans in need. The department is headquartered at 221 East 11th Street in Austin.
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds.
The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed by the Oklahoma Senate. The Commissioners are charged with oversight of the agency but appoint an Executive Director to serve as the chief administrative officer of the Commission and to oversee the general practices of the Commission.
Deborah VanAmerongen joined Nixon Peabody as a strategic policy adviser in February 2010. She works closely with attorneys in the firm's Affordable Housing practice to provide advice to developers, owners, and managers of affordable housing, as well as their financing partners, in the preservation and production of affordable housing nationwide.
The Pennsylvania Housing Finance Agency is a non-profit organization which serves the people of Pennsylvania by offering affordable housing resources, including loans and rent assistance. PHFA was created by an Executive Order by the Pennsylvania General Assembly in 1972.
The Vermont Housing Finance Agency (VHFA) is chartered as a private non-profit agency to finance and promote affordable housing opportunities for low- and moderate- income Vermonters. They are located in Burlington, Vermont.
The Oklahoma Firefighters Pension and Retirement System (OFPRS) is an agency of the government of Oklahoma that manages the public pension system for firefighters in Oklahoma. The System provides pension benefits such as normal retirement, disability retirement, surviving spouse benefits and a death benefit.
Kentucky Housing Corporation (KHC), the Kentucky state housing agency, was created by the 1972 Kentucky General Assembly to provide affordable housing opportunities. KHC is a self-supporting, public corporation.
RuralEdge, formerly known as Gilman Housing Trust. The corporation has served the Northeast Kingdom for over 30 years with their main focus being to strengthen homes and communities in and around the Northeast Kingdom.
Housing trust funds are established sources of funding for affordable housing construction and other related purposes created by governments in the United States (U.S.). Housing Trust Funds (HTF) began as a way of funding affordable housing in the late 1970s. Since then, elected government officials from all levels of government in the U.S. have established housing trust funds to support the construction, acquisition, and preservation of affordable housing and related services to meet the housing needs of low-income households. Ideally, HTFs are funded through dedicated revenues like real estate transfer taxes or document recording fees to ensure a steady stream of funding rather than being dependent on regular budget processes. As of 2016, 400 state, local and county trust funds existed across the U.S.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve. Of the total 4.6 million units in the social housing sector, non-profit developers have produced approximately 1.547 million units, or roughly one-third of the total stock. Since non-profit developers seldom have the financial resources or access to capital that for-profit entities do, they often use multiple layers of financing, usually from a variety of sources for both development and operation of these affordable housing units.
Howard County Housing is the umbrella organization for the Howard County Department of Housing and Community Development and the Howard County Housing Commission. The Department is Howard County Government’s housing agency, and the Commission is a public housing authority and non-profit. Both have boards that meet monthly.
The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit affordable housing provider in Texas.
