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


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


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


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)


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


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


DC Open Doors celebrates funding $100 million in mortgage loans


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


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


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


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


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


Financed 100th affordable rental housing development in the District


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


DCHFA celebrated its 25th year anniversary


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


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


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


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.


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


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


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


DCHFA financed its first affordable multifamily housing group of developments


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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