Puerto Rico

Puerto Rico Housing Finance Authority

PRHFA’s principal mission is to promote the development of low-income housing and provide financing, subsidies and incentives so that people may acquire or lease a dignified home.

Established: 2001

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PRHFA Programs

The programs available through the PRHFA for those purposes are:

  • Mortgage loans to developers for the construction, improvement, operation and maintenance of rental and for-sale housing for low to moderate-income families
  • Mortgage loans to citizens of low and moderate income
  • Mortgage Loan Insurance Program (Act No. 87)
  • CDBG-DR Homebuyer Assistance Program
  • CDBG-DR  Gap to Low Income Housing Tax Credits Program
  • Disposition of repossessed properties
  • Housing subsidy programs aimed at boosting home purchases

Additional PRHFA Programs

In addition, the PRHFA is:

  • Performance Based Contract Administrator (PBCA) for HUD’s subsidy contracts for Section 8 projects in Puerto Rico
  • Administrator of the HOME Investment Partnerships Program since 2010
  • Puerto Rico’s State Credit Agency for the Low-Income Housing Tax Credit program under Section 42 of the U.S. Internal Revenue Code, as amended
  • Responsible for the Puerto Rico Community Development Fund, a Community Development Entity participating in the New Markets Tax Credits Program of the U.S. Treasury Department.