Industry Representation on State HFA Boards Is Needed
State housing finance agencies (HFAs) are an increasingly important force in developing and administrating affordable multifamily and single family housing programs. Home builders can help guide these important efforts by serving on their state's HFA boards of directors.

While some states have laws requiring builder representation on their HFA board of directors, others do not. In 2002, NAHB created the State Housing Finance Agency Directors Working Group to help increase builder representation on state HFA boards and to provide a forum for members to share information about key issues relating to HFA programs.

The working group developed model legislation to increase the home building industry's representation on state HFA boards of directors. The legislation requires at least one state board member to be a builder appointed by the governor from a list submitted by the state's home builders association.

In addition to increasing the number of NAHB members on HFA boards, the working group:

• Facilitates communication and coordination between NAHB members who currently serve on HFA boards
• Develops and maintains resources to support members’ participation on HFA boards
• Develops policy on HFA-related issues

The NAHB State Housing Finance Agency Directors Working Group will meet during the Fall Board of Directors Meeting on Sept. 30 from 4:00-5:30 p.m. in the Franklin A room, which is located on the 2nd floor of the Hyatt in Columbus, OH.   All members and HBA staff are welcome to attend this meeting.

For more information on NAHB's efforts in this area, go to www.nahb.org and type “housing finance agency” in the search field. Or contact Bill Renner at 800-368-5242 x8597. [ return to top ]