The Georgia Housing and Finance Authority (GHFA) provides:
Question & Answer
Review the question and all answer choices
Real estate licenses
Real estate licenses in Georgia are issued exclusively by the Georgia Real Estate Commission (GREC) under O.C.G.A. § 43-40-1 et seq. — the GHFA has no licensing authority whatsoever, and confusing these two state agencies is a classic exam trap.
Affordable mortgage programs and down payment assistance
Title insurance
Title insurance is a private insurance product issued by licensed title insurance companies and underwriters regulated by the Georgia Department of Insurance — the GHFA has no role in title insurance issuance, underwriting, or regulation.
Property inspections
Property inspections are conducted by private licensed home inspectors regulated under O.C.G.A. § 43-41-1 et seq. — the GHFA is a finance authority, not an inspection or regulatory body, and has no involvement in the physical inspection of properties.
Why is this correct?
The GHFA, operating under O.C.G.A. § 50-26-1 et seq., is specifically empowered to issue mortgage revenue bonds and use the proceeds to fund below-market rate mortgage loans for eligible Georgia homebuyers, as well as to administer down payment assistance grants and loans through programs like the Georgia Dream Homeownership Program. These programs are targeted at first-time homebuyers and other qualifying purchasers who meet income and purchase price limits established by federal tax law and state guidelines. The GHFA's mission is explicitly housing finance, not licensing, insurance, or inspection — making option B the only accurate description of its statutory purpose.
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