For more than 30 years, cfX and its predecessor entities have specialized in the structuring of bonds for HFAs to finance affordable housing and the management of complex single-family and multi-family parity bond portfolios. cfX does not treat large scale, long-term financial plans as independent projects, but as an integral and dynamic element of an agency’s strategic plan and everyday tactics. cfX understands the constant tension between an agency’s program and financial goals. We know that HFAs exist to meet the diverse affordable housing needs of their residents while maintaining a solid financial foundation.
cfX currently provides municipal advisory services to 17 state housing finance agencies including some of the largest and the most complex housing finance issuers in the country and has provided municipal advisory, quantitative analysis and/or cash flow services in connection with the issuance of $6 billion of housing bonds in 2017 alone. Our clients include large-state issuers like Connecticut Housing Finance Authority, MassHousing, State of New York Mortgage Agency, New York City Housing Development Corporation, Pennsylvania Housing Finance Agency and the California Department of Veterans’ Affairs but also HFAs in states like Iowa, Maine, Nebraska, and Wyoming. cfX also provides access to our cash flow application to municipal securities underwriters, and limited municipal advisory services to a number of local housing finance agencies.