DCHFA at 40

The District of Columbia Housing Finance Agency 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. During its 40 years, the Agency has funded the development of more than 50,000 units of affordable housing throughout the District’s eight wards.

DCHFA 40th Anniversary Celebration

DCHFA Through the Years

2019

DCHFA launches DC Mortgage Assistance Program (DC MAP) for furloughed federal government employees and the Reverse Mortgage Insurance and Tax Payment Program(ReMIT) for District residents at risk of foreclosure. Todd A. Lee named District of Columbia Building Industry Association (DCBIA) Government Sector Awardee 2019

2018

DCHFA closes first HUD Level I 50/50 risk share transaction by financing the preservation of 176 affordable units in Ward 8 at Woodmont Crossing

2017

DC Department of Housing and Community Development announces DCHFA as new Home Purchasing Assistance Program (HPAP) co-administrator, and DCHFA launches the Housing Investment Platform (HIP)

2016

DCHFA names housing and real estate industry veteran Todd A. Lee, Executive Director

2016

Launches Mortgage Credit Certificate program and DC Open Doors reaches $200 million in mortgage loans

2015

DC Open Doors celebrates funding $100 million in mortgage loans

2014

Receives Issuer Credit Rating upgrade to “A2” and launches HomeSaver II to help homeowners at risk of foreclosure

2013

DC Open Doors is launched to help first time homebuyers and homeowners looking to upgrade purchase homes by providing down payment and closing cost assistance loans

2010

DCHFA is awarded over $20 million to help District homeowners prevent foreclosures through the HomeSaver Program

2009

DCHFA celebrated its 30th year anniversary and received Issuer Credit Rating upgrade to “A-“ from Standard & Poor’s

2008

DCHFA reaches $1 billion mark in multifamily affordable housing finance in Washington, D.C.

2007

Financed 100th affordable rental housing development in the District

2005

DCHFA issued more than $76 million in tax-exempt bonds to the DC Housing Authority to help rehabilitate and modernize 6,858 public housing units

2004

DCHFA celebrated its 25th year anniversary

2003

Council of the District of Columbia approved legislation allowing DCHFA to own and develop property

1999

The Home Resource Center was opened to provide free housing counseling services to potential buyers

1998

DCHFA purchased its headquarters at 815 Florida Avenue, NW and received its first Issuer Credit Rating of BBB from Standard & Poor’s

1996

The Council of the District of Columbia, Mayor Barry, DC Control Board and U.S. Congress eliminated DCHFA’s appropriated debt, allowing the Agency to become an independent agency.

1995

Became one of the first housing finance agencies to be approved by the U.S. Dept. of Housing and Urban Development for its Risk-Sharing Program

1994

Agency offered a mortgage interest rate of 6.5%, the lowest rate offered in Washington, D.C. since the late 1960s

1993

Land Development Program was established to provide management, inspection, monitoring, and accounting services for public infrastructure construction

1982

DCHFA financed its first affordable multifamily housing group of developments

1979

Legislation was passed by the Council of the District of Columbia and signed by Mayor Marion Barry to create the DC Housing Finance Agency

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