Homeownership: Home Improvement and Rehabilitation
Recognizes programs that best provide home improvement and rehabilitation financing to HFA targeted customers.
Judging Criteria
Homeownership entries will be judged on the degree to which they:
- Are innovative
- Are replicable
- Respond to an important state housing need
- Use data, research, and analysis to demonstrate measurable benefits to HFA targeted customers and underserved markets
- Have a proven track record of success in the marketplace
- Provide benefits that outweigh costs
- Demonstrate effective use of resources
- Effectively employ partnerships
- Achieve strategic objectives
If you have questions, please email awards@ncsha.org or call 202-624-7710.
2023 Winner
California Housing Finance Agency
2023 Entries
California Housing Finance Agency:
California ADU Grant
The California legislature allocated $100 million in 2021 for CalHFA to develop and implement a program to incentivize the construction of Accessory Dwelling Units by low-to-moderate-income homeowners. The grant provided up to $40,000 towards predevelopment and non-reoccurring closing costs associated with ADU construction. The program launched in September of 2021 and allocated the last of its funding in March of 2023. CalHFA anticipates funding more than 2,400 new affordable housing units.
Michigan State Housing Development Authority:
MSHDA MI-Hope
MSHDA is pleased to submit for consideration the accelerated design and implementation of the MI-HOPE Program in 2022. MI-HOPE is a federally funded program utilizing United States Department of the Treasury American Rescue Plan Coronavirus State and Local Fiscal Recovery Funds. This funding is enabling subrecipient agencies to administer an energy efficiency program at the local level to assist households that have experienced a hardship and are at or below 300% federal poverty guidelines.
Vermont Housing Finance Agency:
On-Bill Weatherization Financing
Vermont’s Weatherization Repayment Assistance Program (WRAP) is an innovative financing model that allows moderate income homeowners and renters to pay back the costs of weatherization over time through a charge added to an existing utility bill. WRAP is intended to assist traditionally difficult to reach households, greatly reducing their upfront and long-term costs while helping meet Vermont’s climate goals.
