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CAFA symbolizes energetic vision, advancement, opportunity and a shared connection among the nine parishes surrounding Baton Rouge.
CAFA symbolizes energetic vision, advancement, opportunity and a shared connection among the nine parishes surrounding Baton Rouge. The Authority works toward advancing these ideals by offering funding to those with a vision to better our community through commercial development, residential development and public infrastructure, and to those looking to better their lives through home ownership. We are here to be the positive catalyst for building community and ultimately contributing to the region's growth and forward progress.
Who we help:
Bonds issued by the Authority are special obligations of the Authority and are not obligations of the State of Louisiana or any other political subdivision thereof. Since 1979, the Authority has issued $1.305 billion in single-family mortgage revenue bonds, which ranks the Authority 3rd nationally in volume of bonds issued and 3rd nationally in number of issues completed when compared to other parish and/or county issuers of single-family bonds. The Authority is self-supporting and has never received any appropriation of funds from any governmental agency.
The Authority has made a major contribution to home ownership and economic development in East Baton Rouge Parish by providing more than $1 billion in below conventional market rate funds to more than 15,500 low and moderate income households.
Under each of its single-family mortgage lending programs, the Authority utilizes Baton Rouge area financial institutions to originate the mortgage loans acquired. The Bank of New York serves as the Authority’s bond trustee of the separate bond programs for bonds closed through Dec. 31, 2006. Regions Bank serves as the Authority’s bond trustee of the bond issues closed during the first quarter of 2007.
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