More Builders Needed to Serve on Housing Finance Agency Boards
Home builders have the opportunity to help develop and administer affordable multifamily and single-family housing programs by serving on their state housing finance agency (HFA) board of directors.
While some states have laws requiring builder representation on these boards, others do not. Created in 2002 to correct this oversight, NAHB’s State Housing Finance Agency Directors Working Group has developed model legislation requiring the governor to appoint at least one builder to the HFA board from a list submitted by the state's home builders association. (Further information in the links above is available to NAHB members only who have logged onto the NAHB Web site.)
In addition to increasing the number of NAHB members on HFA boards, the working group: