BOISE In the just-released Census Bureau figures for the third quarter of 2004, Idaho's home ownership rate is a record 75.8 percent. The national average for the third quarter was 69 percent.

Much of Idaho's success is due to the nearly $3.2 billion investment in home ownership made by Idaho Housing and Finance Association. Since it began issuing home loans in 1978, the association has helped nearly 51,000 Idahoans receive home loans.

"The housing market is a vital component of national and state economies," said IHFA President and Executive Director Gerald Hunter. "IHFA plays a key role in economic strength and in expanding home ownership opportunities in Idaho. Low interest rates and quality customer service are just a few of IHFA's key commitments."

IHFA consistently provides lower interest rate loans than those found in the general market. Currently IHFA's rate is 4.99 percent. The association also offers resources to ease the home-buying process, including assistance programs for first-time and low-income buyers, up to $3,000 for down payment and closing costs.

Once the loan has been made, IHFA remains committed to the loan-servicing process. The association currently serves and counsels approximately 14,500 home owners. A current list of participating lenders and program qualifications can be found on IHFA's Web site at www.ihfa.org/residential_lenders.asp

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The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. For more information, visit our Web site at www.ihfa.org.