The Council of the District of Columbia, Mayor Barry, DC Control Board and U.S. Congress eliminated DCHFA’s appropriated debt, allowing the Agency to become an independent agency.

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Became one of the first housing finance agencies to be approved by the U.S. Dept. of Housing and Urban Development for its Risk-Sharing Program
DCHFA purchased its headquarters at 815 Florida Avenue, NW and received its first Issuer Credit Rating of BBB from Standard & Poor’s