Housing Finance Authority

What Housing Finance Authority does

The Housing Finance Authority of Miami-Dade County (HFA Miami) is a government special district established on December 12, 1978 by Miami-Dade County Ordinance No. 78-89, operating under Chapter 159, Part IV, Florida Statutes. It is governed by a 13-member board appointed by the Miami-Dade County Board of County Commissioners and is headquartered in Doral, Florida. The Authority's mandate is to address the shortage of affordable housing in Miami-Dade County by issuing tax-exempt bonds and operating first-time homebuyer mortgage programs.

HFA Miami operates two principal product lines. The Single Family Mortgage Program offers 30-year fixed-rate mortgages and down payment assistance of up to $15,000 in the form of a deferred 0% second mortgage for first-time homebuyers, with loans securitized by Fannie Mae and Freddie Mac. The Multifamily Mortgage Revenue Bond (MMRB) Program provides low-interest bond financing to developers for the acquisition, construction, renovation, and rehabilitation of multifamily rental housing serving low-, moderate-, and middle-income families. Supporting infrastructure includes the ADRAC architectural review committee, the PRISM property tracking system, a HUD-approved $100 online homebuyer education course administered by eHome America, and the affiliated nonprofit Miami-Dade Affordable Housing Foundation, Inc. (MDAHFI).

The Authority is funded through transaction fees rather than tax assessments: multifamily fees are set at 25 basis points of the outstanding bond balance, while single family fees follow prevailing market pricing. Origination is distributed through an approved local lender network coordinated via the eHousing Plus portal with US Bank as loan processor. The Authority does not operate a proprietary technology platform, has no disclosed AI/ML capability, and is bounded to the geographic limits of Miami-Dade County.

Name

Housing Finance Authority

Legal name

Housing Finance Authority of Miami-Dade County

Website

https://hfamiami.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

Housing Finance Authority of Miami-Dade County is a Florida special district that finances affordable housing in Miami-Dade County via tax-exempt multifamily revenue bonds and first-time homebuyer mortgages, supported by down payment assistance and an affiliated nonprofit.

Ownership category

akta.pro rank

Product category

Public Affordable Housing Finance

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Mortgage Bankers & Loan Correspondents (6162), Asset-Backed Securities (6189)

akta.pro industry

PRIMARYFSALAKAG

Mortgage Revenue Bond (MRB) & Public Housing Bond Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYFSALAKAF

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans)

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYFSALAAAM

Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination

Financial & Insurance/Mortgage & Housing Finance/Residential Mortgage Origination (Retail & Consumer Direct)

SECONDARYFSALAKAE

Down Payment Assistance (DPA) & Homebuyer Subsidy Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYFSALAKAD

Public Mortgage Insurance & Government Credit Guarantee Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

• Affordable housing finance
• Mortgage revenue bonds
• Down payment assistance
• Multifamily bond financing
• First-time homebuyer loans

Headquarters

HQ city

Doral

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Multifamily Bond Transaction Fees: Fees charged for services related to multifamily bond transactions. Multifamily transaction fees are 25 basis points of the outstanding bond balance. These fees fund the operations of the special district.
2. Single Family Bond Transaction Fees: Fees charged for single family bond transactions. Single Family transaction fees are dictated by the market price on the day of the transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

The Housing Finance Authority of Miami-Dade County issues tax-exempt mortgage revenue bonds and provides low-interest mortgage financing for affordable housing in Miami-Dade County. Its core offerings are the Single Family Mortgage Program (with up to $15,000 in deferred down payment assistance at 0% interest for first-time homebuyers) and the Multifamily Mortgage Revenue Bond (MMRB) Program providing low-interest loans to developers for the acquisition, construction, renovation, and rehabilitation of multifamily rental housing serving low, moderate, and middle-income families.

Product overview

The Housing Finance Authority of Miami-Dade County operates as a unified affordable housing finance organization offering two primary product lines: (1) the Single Family Mortgage Program including HFA Advantage and HFA Preferred Conventional products with down payment assistance up to $15,000 for first-time homebuyers, and (2) the Multifamily Mortgage Revenue Bond (MMRB) Program providing low-interest bond financing for developers to construct or rehabilitate multifamily rental housing. Supporting services include a HUD-approved homebuyer education course, the Miami-Dade Affordable Housing Foundation, ADRAC for architectural quality review, PRISM for property tracking, and access to bond financed rental properties for renters.

Differentiator

Problem solved

Functional benefit

Products and services

• HFA Single Family Mortgage Program A 30-year fixed-rate mortgage product for first-time homebuyers in Miami-Dade County offering down payment assistance up to $15,000 as a deferred 0% second mortgage, with loans securitized through Fannie Mae and Freddie Mac.
• Multifamily Mortgage Revenue Bond (MMRB) Program A bond financing program providing low-interest loans to developers for the acquisition, construction, renovation, and rehabilitation of multifamily rental housing for low, moderate, and middle-income families in Miami-Dade County.
• HFA Advantage & HFA Preferred Conventional Conventional mortgage products with income limit of 80% or below Area Median Income (AMI), with a limit of $76,880 for eligible borrowers, offered under the Single Family Mortgage Program.
• Homebuyer Education Course An 8-hour HUD-approved online homebuyer education course administered by eHome America, offered in English and Spanish for $100, required for first-time homebuyers to qualify for HFA single-family programs.
• ADRAC Architectural Design and Review Advisory Committee A standing committee of community volunteers with professional architectural credentials that reviews developers' construction plans to ensure high quality standards in affordable housing financed by HFA, requiring an 80% passing grade for positive recommendation to the HFA Board.
• HFA Bond Financed Rental Properties High-quality rental properties financed through HFA's multifamily bond program, privately-owned and managed, with rental applications processed at each development.
• PRISM Property Listing System A property listing and tracking system for bond-financed properties managed by HFA Miami.

Quantifiable outcome

• Down payment assistance up to $15,000 at 0% interest as a second mortgage for qualifying first-time homebuyers
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Miami-Dade Affordable Housing Foundation (MDAHFI)coreStrategic or Co-development PartnerMDAHFI is an affiliated non-profit organization that furthers the goals and mission of the Housing Finance Authority. It is committed to transforming lives by helping people live the life they love in safe, quality, affordable housing.
• eHousing PluscoreChannel Partner/ Reseller/ DistributorProgram administrator providing available programs information and support for HFA Miami. Partners can visit https://www.ehousingplus.com/available-programs/ or call (888) 643-7974 for more information.
• eHome AmericacoreImplementation/ SI/ Consulting PartnerAdminister HUD-approved online homebuyer education course offered in English and Spanish for $100. The course is required for first-time homebuyers to qualify for HFA programs.
• Property Developers (Bond-Financed Properties)minorStrategic or Co-development PartnerVarious developers of multifamily rental properties financed through HFA's bond program, including properties like Waterford at Aventura, Island Living Apartments, Courtside Apartments, and The Plaza at the Lyric.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• California Housing Finance Agency (CalHFA): California's state-level housing finance agency offering down payment assistance and first-time homebuyer programs at much larger scale. Comparable in core products (DPA, low-interest first mortgages) but operates statewide with broader product portfolio.
• Texas Department of Housing and Community Affairs: State-level housing finance entity administering homebuyer and multifamily bond programs in Texas. Comparable in statutory role and product mix but with statewide reach and broader program portfolio than HFA Miami.
• New York State Homes and Community Renewal: State housing finance and development agency offering mortgage, multifamily bond, and affordable housing programs across New York. Comparable in mission and core product lines but at much larger scope than a single-county authority.

Direct peers

• Florida Housing Finance Corporation: Statewide housing finance agency offering similar single family mortgage and multifamily bond programs across Florida. Directly comparable in mission, products, and statutory authority, though broader in geographic scope than HFA Miami.
• Hillsborough County Housing Finance Authority: Local Florida housing finance authority offering first-time homebuyer mortgage and down payment assistance programs within Hillsborough County. Directly comparable in product mix, governance model, and statutory basis under Florida law.

Others

• National Council of State Housing Agencies (NCSHA): Trade association representing state HFAs and HFAs like Miami-Dade. Comparable as an ecosystem-level peer: Cheree Gulley sits on the board of NALHFA (its local counterpart), and the association shapes policy and best practices for entities like HFA Miami.

Regional players

• Orange County Housing Finance Authority: Local Florida housing finance authority offering affordable mortgage and multifamily programs in the Orlando metro. Comparable in statutory framework and product offering but operating in a different regional market than HFA Miami.
• Pinellas County Housing Authority: Local Florida housing finance entity providing affordable homeownership and rental programs in Pinellas County. Comparable in role and product structure, though with a different program emphasis and county-specific funding mechanisms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/hfamiami
• Facebookfacebook.com/hfamiami
• Instagraminstagram.com/hfamiami
• LinkedInlinkedin.com/company/miami-dade-affordable-housing-found-ation-incorporated

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Housing Finance Authority