This State Housing Development Agency was created to promote the production of more affordable new housing units for incredibly low, low, and moderate income individuals and families in the state. As well as to promote the preservation and rehabilitation of existing housing units for such persons, to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units. In addition to serving as the primary administrator for numerous federal and state housing programs, they are authorized to issue tax-exempt Mortgage Revenue Bonds to support financing opportunities for first-time homebuyers, veterans, and repeat homebuyers in some cases. However, they are not a direct lender. They purchase qualified home loa

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