### Question
What does qualified housing finance agency mean?


### Answer
**Qualified housing finance agency** has the following meaning in *12 U.S.C. § 1715z*:

> any State or local housing finance agency that—


(A) carries the designation of "top tier" or its equivalent, as evaluated by Standard and Poors or any other nationally recognized rating agency

#### Citation:
  - *12 U.S.C. § 1715z*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

