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Home > About GDB > Principal Subsidiaries > Puerto Rico Housing Finance Authority (PRHFA)

Puerto Rico Housing Finance Authority (PRHFA)

PRHFA Notices
PRHFA Programs

Puerto Rico Housing Finance Authority

 

 

 

The Puerto Rico Housing Finance Corporation and the Puerto Rico Housing Bank and Finance Agency merged under Act 103 of August 11, 2001, as amended. The name of the entity was changed to Puerto Rico Housing Finance Authority (PRHFA) and its corporate structure remained as that of a subsidiary of the Government Development Bank.

PRHFA’s principal mission is to promote the development of low-income housing and provide financing, subsidies and incentives so that people may acquire or lease a dignified home. The programs available through the PRHFA for those purposes are:

  • Mortgage loans to developers for the construction, improvement, operation and maintenance of rental and for-sale housing for low to moderate income families.
  • Mortgage loans to citizens of low and moderate income.
  • Mortgage Loan Insurance Program (Act No. 87).
  • Disposition of repossessed properties.
  • Housing subsidy programs aimed at boosting home purchases.
  • Section 8 program of the U.S. Housing Act (PHA).

In addition, the PRHFA is:

  • Performance Based Contract Administrator (PBCA) for HUD’s subsidy contracts for 171 Section 8 projects in Puerto Rico.
  • Administrator of the HOME Investment Partnerships Program since 2010.
  • Puerto Rico's State Credit Agency for the Low-Income Housing Tax Credit program under Section 42 of the U.S. Internal Revenue Code, as amended.
  • Responsible for the Puerto Rico Community Development Fund, a Community Development Entity participating in the New Markets Tax Credits Program of the U.S. Treasury Department. This tax credits program helps to provide funds for for-sale housing projects in the Commonwealth of Puerto Rico.

PRHFA has streamlined and brought new efficiencies to the process of administering the development of housing at all levels. This GDB subsidiary's new organization and thrust has allowed it to effectively direct the housing programs championed by the government in recent years.

For more information on PRHFA as a tax-exempt securities issuer, including its most recently released financial statements, click HERE.

Contact Information

PO Box 71361
San Juan PR 00936-8461

Ave. Barbosa 606
Edif. Juan C. Cordero
Río Piedras PR 00919-0345
Tel (787) 765-7577
Fax (787) 620-3521

José A. Sierra-Morales
Executive Director
Tel. (787) 765-7577 x-4574
Fax (787) 620-3521

Myrna Díaz-Marrero

Assistant Executive Director for Business

Tel. (787) 765-7577 x-4585

José O. Reyes-Portalatín, CPA

Assistant Executive Director for Legal Services,

Accounting and Compliance

Tel. (787) 765-7577 x-4555

Osvaldo L. Padilla-Díaz

Assistant Executive Director for Operations

Tel. (787) 765-7577 x-4508

Caroll Cabañas-Ríos, Esq.

Director of Legal Services Office

Tel. (787) 765-7577 x-4531

Fax (787) 620-3564

Sylvia I. Martínez-Calimano

Aide to the Executive Director

Tel. (787) 765-7577 x-4518

Circe M. Marrero-Torres

Aide to the Executive Director

Tel. (787) 765-7577 x-4595

Fax (787) 620-3521

 

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