Homes for America celebrates 20 years of providing quality affordable housing

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Homes for America (HFA) is a nonprofit housing developer and owner of affordable rental housing headquartered in Annapolis, Maryland. Co-founded by Nancy Rase, HFA’s President and CEO, and Trudy McFall, Chairman of the Board, the organization has just celebrated its 20th anniversary. HFA is particularly proud that all of its communities are top quality, service enriched, and serve large numbers of very low income residents and persons with disabilities.

The following are the highlights of HFA’s 20 years of accomplishments:

Created 71 service enriched housing communities, provided 5,500 apartment homes in 4 states.

Worked with 28 development partners

  • 14 for profit entities
  • 14 nonprofit organizations and housing authorities

Employed 14 property management, 19 architectural, and 16 construction firms.

Secured over $500 million to fund HFA affordable housing communities

  • Over $300 million in public and private funding from 27 federal, state and local funders, 19 private lenders, and 5 foundations
  • Over $212 million in tax credit equity from 9 syndicators.

Providing $2 million in funding annually for resident services at HFA communities.

Created ownership and rehabilitation homes for 87 low and moderate income homeowners.

Received 28 awards for outstanding work from national, regional, state and local entities.

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