Financial Highlights

With assets of more than $1.6 billion and a statewide scope of operations, the Idaho Housing and Finance Association is often viewed in the same league with Idaho's other major financial institutions. Throughout its history, IHFA has provided funding for the purchase of more than 55,000 homes for Idaho families. Since its inception, IHFA has funded over $2.8 billion in home loans.

IHFA consistently ranks as one of the nation’s top-producing HFAs in mortgage dollars invested per capita. A 1997 study by three independent research and consulting firms identified eight top-rated HFAs—including IHFA, all known for their "history of good management and frequent innovation."

According to the study, IHFA is one of the top-ranked housing finance associations in the nation in mortgage dollars invested per capita, efficiency and overall performance. Idaho ranked highest in the number of first-time home buyers served and lowest in the cost per loan issued. According to the study’s authors, "Idaho’s ratio is influenced by its high number of [single-family] units, and its high volume-to-staff ratio."

As a financial institution, IHFA maintains appropriate reserves to ensure its continued strength and access to national capital markets. IHFA’s reserve ratios are comparable to those of other major lending institutions in the western region.

The financial strength and viability of the Idaho Housing and Finance Association is further underscored by our "Aa3" rating on long-term credit worthiness by Moody’s Investor Services of New York.

The Moody’s assessment of the Association included a review of IHFA’s program and financial management, internal controls, debt management and operational record.

In addition, Moody’s highest short-term rating of P-1 is assigned to the Association’s commercial paper program.

It is these ratings and the overall quality of IHFA’s financial management that have led rating agencies and investment bankers to refer to IHFA as "one of the premiere housing finance agencies in the country."

  Annual/Community Report