Celebrating Excellence: PHFA's Award-Winning Annual Report
PHFA's Recognition for Program Excellence
The Pennsylvania Housing Finance Agency (PHFA) has recently achieved significant recognition by winning the prestigious National Council of State Housing Agencies' Award for Program Excellence. This accolade was awarded specifically for its impactful 2024 Annual Report.
A Celebration of Communicative Excellence
During an annual conference, the award was presented at the National Council of State Housing Agencies (NCSHA) annual event, where industry leaders congregate to celebrate achievements in the field of affordable housing.
Acknowledgment from Leadership
Robin Wiessmann, PHFA's executive director and CEO, remarked on the honor, expressing pride in the efforts of the staff involved in crafting the Annual Report. According to her, the report vividly illustrates the transformative work that PHFA performs to support the residents of Pennsylvania.
The Impact of the Annual Report
The NCSHA judges highlighted the exemplary use of engaging visuals combined with concise narrative text that effectively captures the mission and impact of PHFA's work. The report features an innovative map displaying housing investments across the state, which has garnered additional accolades for its thoughtful presentation.
Understanding NCSHA's Awards
NCSHA's Awards for Program Excellence serve to honor state housing finance agencies annually, recognizing innovative and impactful programs that address public needs. These awards spotlight the dedicated efforts across the state agencies to provide affordable housing solutions.
Exploring PHFA's Mission
At its core, the Pennsylvania Housing Finance Agency dedicates its resources to making homeownership and rental housing more accessible, particularly for older adults, low- and moderate-income families, and individuals with special housing needs. Leveraging carefully structured mortgage programs, PHFA continues to contribute positively to economic growth across Pennsylvania.
Impressive Achievements
Since its establishment in 1972, PHFA has made remarkable strides. It has facilitated over $20.1 billion in funding, enabling more than 206,750 single-family homes to become a reality through mortgage loans. Additionally, it has supported the development of over 110,284 rental units and distributed around $362 million in grants aimed at promoting local housing initiatives. The agency's initiatives have also played a vital role in preventing over 51,400 families from facing foreclosure, showcasing its commitment to stability and support within the community.
Funding and Governance
Importantly, PHFA's programs are primarily financed through the sale of securities and user fees, ensuring that taxpayer dollars are not a source of funding. The agency operates under the governance of a 14-member board, which oversees its directives and operations.
Contact Information
For more information regarding PHFA and its initiatives, please reach out to Chris Anderson. While the agency continues its work in the community, connecting directly with those interested in its efforts is paramount for ongoing success.
Phone: 717.780.3915
Frequently Asked Questions
What is the PHFA and what role do they serve?
The Pennsylvania Housing Finance Agency focuses on providing affordable housing solutions and financial support to various demographics including older adults and low-income families.
What was the award PHFA received?
PHFA received the NCSHA's Award for Program Excellence for its outstanding 2024 Annual Report, recognizing its impactful contributions to affordable housing.
When was the award presented?
The award was presented during the recent NCSHA annual conference, a significant event in the affordable housing sector.
What does the Annual Report highlight?
The Annual Report showcases the agency’s transformative work through dynamic graphics and minimal text, along with a detailed map illustrating housing investments by county across Pennsylvania.
How is PHFA funded?
PHFA's operations are primarily funded by the sale of securities and fees paid by program users, ensuring reliance on non-taxpayer sources for financing.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.