Orange County Housing Finance Authority

What Orange County Housing Finance Authority does

Orange County Housing Finance Authority (OCHFA) is a quasi-governmental public benefit housing finance authority established in 1978 under Orange County Ordinance No. 78-18 and the Florida Housing Finance Authority Law (Part IV of Chapter 159, Florida Statutes). Headquartered in Orlando, Florida, OCHFA serves four Central Florida counties — Orange, Lake, Osceola, and Seminole — through interlocal agreements, and is governed by a five-member board appointed by the Orange County Board of County Commissioners. The Authority's mandate is to expand affordable homeownership and rental housing opportunities for low- and moderate-income families in the region. OCHFA does not have taxing power and is not a market-rate lender; it exists to deploy below-market financing through tax-exempt bond issuance.

OCHFA operates two core product lines built on a tax-exempt mortgage revenue bond platform. For first-time homebuyers, it offers Single-Family Housing Revenue Bonds with a 6.25% interest rate, 100% and 105% financing options, FHA/VA/USDA/Conventional loan compatibility, and up to $10,000 in down payment assistance funded from OCHFA's own monies. For developers, the Multi-Family Mortgage Revenue Bond Program (MMRB) and the 501(c)(3) Multi-Family Bond Program provide below-market tax-exempt financing for acquisition, construction, and rehabilitation of affordable rental housing, subject to AMI set-aside requirements (at least 20% at 50% AMI or 40% at 60% AMI). Programs are distributed through a network of partner lenders for single-family products and direct developer applications reviewed on a first-come, first-serve basis for multi-family products.

OCHFA's revenue model is fee-based and tied to program activity rather than market-rate lending spreads. Revenue streams include bond issuance fees on single-family and multi-family bonds, a 0.10% multi-family application fee on requested bond principal, and a $500 non-refundable short-form application fee. Down payment assistance is treated as a self-funded program expenditure rather than a revenue stream. Operational infrastructure is supported by a small internal team (Executive Director Frantz Dutes, CFO Chaynae Price, and support staff) and a stable ecosystem of external partners including RBC Capital Markets (senior underwriter), Raymond James (co-managing underwriter), Greenberg Traurig (disclosure counsel), Bryant Miller Olive (bond counsel), CSG Advisors (financial advisor), USBank (trustee), and The Nichols Group (auditor).

Name

Orange County Housing Finance Authority

Legal name

Orange County Housing Finance Authority

Website

https://ochfa.com

Company type

Private

Founded year

1978

Operating status

Operating

Short description

OCHFA is a Florida quasi-governmental housing finance authority that issues tax-exempt mortgage revenue bonds to provide affordable single-family mortgages (with up to $10,000 in down payment assistance) and below-market multi-family rental financing for developers across Orange, Lake, Osceola, and Seminole Counties.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Real Estate Credit (522292), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

State & Local Housing Finance Agencies (HFAs) (FSALAKAA)

akta.pro secondary industries

Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

Keywords

• Affordable housing finance
• Mortgage revenue bonds
• Down payment assistance
• Multi-family housing bonds
• First-time homebuyer programs

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Revenue model

1. Single-Family Housing Revenue Bonds: Issues tax-exempt mortgage revenue bonds to lower first-time homebuyers' cost of purchasing homes. Generates revenue through bond issuance fees.
2. Multi-Family Housing Revenue Bonds: Issues tax-exempt multi-family mortgage revenue bonds to developers for acquisition, construction, and rehabilitation of rental housing. Revenue generated through application fees (0.10% of requested bond principal) and bond issuance fees.
3. Down Payment Assistance: Provides up to $10,000 in down payment assistance (DPA) loans to qualified homebuyers. Funded through the Authority's own monetary contributions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

OCHFA issues tax-exempt mortgage revenue bonds to finance affordable single-family homeownership for first-time homebuyers and to fund the acquisition, construction, and rehabilitation of affordable multi-family rental housing. Its single-family program offers 6.25% interest rates, 100% and 105% financing options, FHA/VA/USDA/Conventional loan products, and up to $10,000 in down payment assistance. Its multi-family program provides below-market bond financing to for-profit and 501(c)(3) nonprofit developers with required set-asides for low-income households.

Product overview

OCHFA offers a unified portfolio of affordable housing finance products centered on tax-exempt mortgage revenue bonds. The core offerings include Single-Family Housing Revenue Bonds (with 6.25% interest rates, 100%/105% financing, and up to $10,000 DPA) for first-time homebuyers, and the Multi-Family Mortgage Revenue Bond Program (MMRB) for developers constructing or rehabilitating affordable rental housing. These programs are complemented by a 501(c)(3) bond program for nonprofit developers. All products serve low- and moderate-income families in Central Florida's Lake, Orange, Osceola, and Seminole Counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-Family Housing Revenue Bonds Tax-exempt mortgage revenue bonds that lower first-time homebuyers' costs of purchasing homes, featuring a 6.25% interest rate, 100% and 105% financing options, FHA/VA/USDA and Conventional loan options, and up to $10,000 in down payment assistance for qualified buyers in Central Florida.
• Multi-Family Mortgage Revenue Bond Program (MMRB) Below-market, tax-exempt mortgage revenue bonds that reduce developers' costs of acquiring, constructing, and rehabilitating rental housing, requiring at least 20% set-aside for households at or below 50% AMI or 40% at 60% AMI. For for-profit and non-profit developers in Lake, Orange, Osceola, and Seminole Counties.
• Multi-Family 501(c)(3) Bond Program Bond financing program specifically for nonprofit developers organized under IRS Code 501(c)(3), supporting production of affordable homeownership or rental housing through OCHFA's bond program.
• Affordable Apartment Rentals Rental housing financed through OCHFA's multi-family bond program, offering studio to four-bedroom affordable apartment units across Lake, Orange, Osceola, and Seminole Counties in Central Florida.

Quantifiable outcome

• Up to $10,000 in down payment assistance available to qualified first-time homebuyers
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• Homes In Partnership, Inc. (HIP)coreStrategic or Co-development PartnerOrange County based nonprofit developer engaged in Self-Help Builders Assistance Program (SHBAP) in conjunction with USDA Rural Development. OCHFA provided a $500,000 line of credit at 0% interest for construction related costs in affordable housing development. Serves Orange, Osceola, Seminole, and Lake Counties.
• Central Florida Housing And Neighborhood Development Services (H.A.N.D.S)coreStrategic or Co-development PartnerOrange County nonprofit developer of Single Family and Multi-Family Housing serving the multi-county area. Uses OCHFA's Bond program for permanent financing of single-family homes and utilizes the 501(c)(3) Multi-Family Bond program for acquisition and rehabilitation of apartments.
• Orlando Neighborhood Improvement Corporation (ONIC)coreStrategic or Co-development PartnerNot-for-profit housing development company developing affordable housing in Central Florida since 1989. Has built an award-winning track record of creating well-designed, high-quality housing and living environments, including mixed-income developments.
• Greenberg Traurig, PAcoreImplementation/ SI/ Consulting PartnerGeneral & Disclosure Counsel for OCHFA. Located at CNL Building, 650 S. Orange Ave., Ste-650, Orlando, FL 32801.
• Bryant Miller Olive, PAcoreImplementation/ SI/ Consulting PartnerBond Counsel for OCHFA. Located at 255 S. Orange Ave, Ste. 1350, Orlando, FL.
• Florida Housing Finance AuthoritycoreStrategic or Co-development PartnerState-level housing finance authority that OCHFA operates under per Part IV of Chapter 159, Florida Statutes.
• County Boards of County Commissioners (Orange, Lake, Osceola, Seminole)coreChannel Partner/ Reseller/ DistributorCounty commissions that authorize the issuance of Single-Family and Multi-Family Bonds in their respective jurisdictions through interlocal agreements with OCHFA.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 Orange County Housing Finance Authority