The Idaho Housing and Finance Association (IHFA) holds the key to homeownership for disadvantaged Idahoans. IHFA provides financing for low- to moderate-income and disabled first-time homebuyers across the state. The company also develops and manages affordable apartments and provides financial assistance to renters. Although it functions as an agent for the US Department of Housing and Urban Development, IHFA is a self-supporting, private, not-for profit organization and is not an agency of the State of Idaho. It funds its operations primarily by selling bonds (securities backed by mortgage loans on residential and multifamily properties) to investors.