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Operational Scan

ECONOMIC INDICATORS

DEPARTMENT PERFORMANCE

DEPARTMENT PERFORMANCE

Iowa Finance Authority (IFA)

Debi Durham, Executive Director

Mission Statement:
Making affordable financing possible for home and community.

Measures:
Helping Iowans purchase their first homes
Helping minorities purchase their first homes

MORE DEPARTMENT PERFORMANCE

  • Download PDF document Performance Plan - How we measure our progress

  • Download PDF document Strategic Plan - How we plan for progress

  • Download PDF document Performance Report - How we report our progress

  • Department Home Page - Learn more about this department

Highlighted Measure:

Number of home buyers using FirstHome and Homes for Iowans.

Data Source: Iowa Finance Authority

 

Updated 12/18/2020

GRAPH - Transfers of revenue to housing projection vs. actual


Why this is important:
Homeownership is good for families, communities and the economy. Owning a home, and building equity in that home, is the single-most effective way for most Iowans to create wealth. Owning a home promotes family and neighborhood stability. The FirstHome and Homes for Iowans programs help low-and moderate-income Iowans achieve the dream of home ownership by providing low-cost mortgage financing through participating lenders across the state.


What we're doing about this:
The Iowa Finance Authority offers competitive interest rates, maintains strong relationships with lenders and Realtors and actively promotes its mortgage programs to potential homebuyers.

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Highlighted Measure:

Number of minority home buyers using FirstHome and Homes for Iowans.

 

Data Source: Iowa Finance Authority

 

Updated 12/18/2020

GRAPH - Minority Lending Report

Why this is important:
Homeownership is a primary contributor to wealth building and continues to hold promise for building multigenerational wealth and housing stability for minority households. IFA's affordable mortgage programs help qualified minority borrowers obtain affordable mortgage loans and provide cash grants toward down payments and closing costs.


What we're doing about this:
IFA is taking proactive steps to form partnerships with bilingual realtors and lendors.

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