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A Review of Selected Operations of the State Housing Finance and Development Authority
December 2003


Members of the General Assembly requested that we conduct an audit of the State Housing Finance and Development Authority. The requesters were concerned about program efficiency and why more aid for affordable housing was not reaching the needy community. We reviewed the housing trust fund program, a state-funded program created to provide affordable housing. We also examined operations of a private, non-profit corporation created in part to develop affordable housing. In addition, we reviewed the marketing of certain housing programs and the extent to which minorities and particular income levels have been served by the agency’s homeownership program.