AGA Idaho Centennial Chapter Presentation Idaho Housing and Finance Association (IHFA)
IHFA Mission The Idaho Housing and Finance Association’s mission is to: Expand and enhance housing affordability throughout Idaho, and provide investment capital for economic development activities. We do this by accessing national capital markets for governmental and private preferential debt financing, grants, and equity investments; by cultivating partnerships and collaborating with mission-common organizations; and by providing vision, leadership and results.
IHFA History • Body Politic and Corporate created in 1972 • Idaho Code, Title 67, Chapter 62 • Seven-member Board of Commissioners appointed by Governor • Completely self-funded • Received a pledge of state sales tax for capital reserve fund shortages—expired in 1996 • The last bonds to carry sales tax pledge were redeemed in 2008
IHFA Financial Snapshot As of June 30, 2013 • $2.1 Billion in Assets • $210 Million in Net Assets • $1.8 Billion in Bonds Outstanding • $1.3 Billion in Loans • MRB Investment Ratings: • Moody’s: Aaa/Aa1/A1 (negative outlook) • Fitch: AAA/AA+/A+ (stable outlook)