Down Payment Assistance Program Types and Features
Atlanta, GA, February 13, 2020 — Down Payment Resource (DPR) is proud to announce Tonya Todd, Housing Director for HilltopSecurities, as the 2019 recipient of the Beverly Faull Affordable Housing Leadership Award.
The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an individual who has demonstrated leadership in providing more access to homeownership and affordable housing finance solutions. Faull was a well-respected veteran in the MLS and housing industry and one of DPR’s first employees.
“We are pleased to honor Beverly’s passion for affordable housing, education and access to down payment assistance programs. Leaders like Tonya Todd are helping carry forward this important housing mission,” said Rob Chrane, CEO of Down Payment Resource.
Tonya Todd’s vast career has helped advance affordable loan options in markets across the country. She is instrumental in working with housing agencies around the country to develop and design loan programs to operationally serve their lending community while keeping the lowest rate possible for the homebuyer. At HilltopSecurities, she works closely with housing finance agencies, their lenders, Fannie Mae, Freddie Mac, Mortgage Insurance Companies and other industry partners to support down payment assistance programs. Todd regularly writes and speaks about the benefits of affordable housing for both buyers and lending institutions.
While at Mountain West Financial, a regional lender in California, Todd spearheaded specialty lending production and affordable lending. Under her leadership, the company was named 2018 number one lender for California Housing Finance Agency (CalHFA) and received an Honorable Mention at MBA’s 2016 Diversity and Inclusion awards for the company’s efforts in promoting down payment assistance programs.
“We’re proud to recognize someone who is passionate about transforming the affordable housing industry and helping first-time buyers achieve homeownership. Tonya is using her expertise and leadership to help housing finance agencies and nonprofits create successful affordable housing programs that will make a real impact in communities across the country,” said Chrane.
The award includes a financial donation by DPR to the recipient’s housing non-profit of choice. Todd will designate the award to eHome America where it will go to support their mission to prepare mortgage ready buyers with online homebuyer education.
“I’m completely humbled to receive the Beverly Faull Affordable Housing Leadership Award,” Todd said. “Over the years, I’ve had the privilege of working across many aspects of the affordable housing industry and no matter the role, the end consumer is always top-of-mind. Helping first-time homebuyers achieve homeownership is the ultimate goal and it’s a reward in itself to know that our work in the background is helping families create new memories in their own homes.”
To learn more about Todd’s work at HilltopSecurities, visit HilltopSecurities.com.
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