The District of Columbia Housing Finance Agency (DCHFA) is celebrating its 40th year of serving the housing needs of Washington, D.C. residents. The DCHFA was established on March 3, 1979 to stimulate and expand homeownership and rental housing opportunities in the District. The Agency’s mission is to advance the District of Columbia’s housing priorities. The Agency invests in affordable housing and neighborhood development, which provides pathways for DC residents to transform their lives. The DCHFA accomplishes its mission by delivering the most efficient and effective sources of capital available in the market to finance rental housing and to create homeownership opportunities.
The Agency has expanded beyond traditional bond and tax credit financing with the Housing Investment Platform Single Family Investment Fund which partners with emerging developers to construct homes priced for workforce families earning up to 120 percent of the area median income. The Agency’s homeownership programs DC Open Doors and the Mortgage Credit Certificate along with its co-administration of HPAP helps to create new D.C. homeowners. While the foreclosure prevention program HomeSaver helps residents retain ownership of their homes.
The DCHFA’s investment in D.C. communities extends to supporting local education, youth and senior programs through the Agency’s Community Outreach Initiative.
The Agency’s goal is to spend its 40th year and many years to follow continuing to provide solutions in affordable housing for the residents of the District of Columbia.