Definition
State agency providing financing and programs for affordable housing development and first-time homebuyer assistance.
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Housing finance agencies administer down payment assistance and affordable housing programs. Programs vary by state but often offer favorable rates. Agencies fund LIHTC and other affordable housing initiatives. Agency programs complement federal programs.
Pro Tip
Contact state housing agency for first-time buyer programs and down payment assistance.
Example
State housing finance agency providing down payment assistance for first-time buyers in targeted areas.