In 1994, Trudy McFall and Nancy Rase combined their nearly 45 years of collective experience in the affordable housing and community development industry and founded Homes for America (HFA) in Annapolis, Maryland. Businesslike and efficient with a heart and a mission, HFA focuses its efforts on the mid-Atlantic states of Maryland, Pennsylvania, Virginia and Delaware. For the past 20 years, the group has helped to create top-quality, service-enriched communities that serve a large number of residents with very low incomes as well as persons with disabilities.
Operating by its motto of “creating communities, enriching lives,” HFA has partnered with nearly 30 for-profit and nonprofit entities and raised more than $500 million to fund its affordable communities. The organization uses a variety of funding sources, including public/private funds, foundations and housing tax credits, to create affordable housing for those in need. To date, the organization has created 71 serviced-enriched housing communities – or approximately 5,500 affordable apartments – in four states and has helped nearly 90 low- to moderate-income families with either homeownership opportunities or assistance with home rehabilitation.
HFA has been an active HAND member for its entire history. Nancy Rase has served as a past president and HFA staff regularly attends and participates in HAND training sessions and events. HAND has recognized HFA’s work with a number of awards. HAND has been a valued resource for information and knowledge as HFA carries out its work in the mid-Atlantic region.
This year marks HFA’s first 20 years, but with the support of its partners and the guidance of its expert board of directors, we’ll celebrate years of its service long into the future!
HAND is pleased to spotlight HFA, which certainly contributes to our organization’s COLLABORATION, INNOVATION and TRANSFORMATION within the metropolitan area!