The National Council of State Housing Agencies (NCSHA) is reporting a 41% increase in the number of single-family homes financed by housing finance agencies (HFAs) in 2010, as compared to 2009.
According to the newly released 2010 NCSHA Factbook, HFAs financed 59,127 affordable homes in 2010, up from 41,857 in 2009.
‘We are very proud of this annual undertaking that provides hard evidence of HFA program results and successes,’ says Barbara J. Thompson, executive director of the NCSHA. ‘The combination of the trends that we are seeing in the 2010 Factbook, along with what we are hearing from the HFA community, is a positive indication that the housing market recovery efforts are moving in the right direction.’
