- HFA NewsOctober 17, 2014
Rocky Hill, Conn., October 17, 2014 – The Connecticut Housing Finance Authority (CHFA) completed a successful offering of $158 million in Tax Exempt Bonds on October 15, 2014. The offering was oversubscribed, generating more than $412 million in orders in two days. A significant percentage of the orders, or $99 million, came from retail and institutional investors in Connecticut, who are familiar with CHFA’s financial strength and track record. Proceeds from the sale of these bonds will be used to finance the Authority’s single-family mortgage program.
- HFA NewsOctober 17, 2014
WATFORD CITY, ND - McKenzie County Healthcare Systems, Inc. and North Dakota Housing Finance Agency (NDHFA) broke ground today for a development that will provide affordable housing for essential medical personnel.
- HFA NewsOctober 9, 2014PHFA: Governor Corbett Announces $9.3 Million Awarded to Local Organizations in 29 Counties to Improve Housing
Harrisburg – Governor Tom Corbett today announced that the Pennsylvania Housing Finance Agency (PHFA) approved $9.3 million for 45 housing programs and projects improve the availability and affordability of housing in 29 counties.
- Blog PostOctober 24, 2014
Earlier today, five federal agencies released a proposed rule that would amend several regulations pertaining to flood insurance requirements for borrowers living in homes in special flood hazard areas. Specifically, the proposal would require federally regulated lenders to escrow premiums and fess for borrowers’ flood insurance for all residential loans that are originated or refinanced as of 2016. In addition, borrowers in special flood hazard areas would not have to purchase flood insurance coverage for structures that are on a residential property but are not attached to the home.
- Blog PostOctober 22, 2014
Yesterday, the Federal Deposit Insurance Corporation (FDIC) approved a final rule requiring asset-backed security issuers to retain part of the risk in any asset they securitize. The U.S Securities and Exchange Commission (SEC) approved the rule earlier today, while the Federal Reserve is expected to consider it later this afternoon. HUD, the Federal Housing Finance Agency (FHFA), and the Office of the Comptroller of the Currency (OCC) are expected to follow suit in the coming weeks.
- Blog PostOctober 13, 2014
On October 9, HUD issued a notice outlining policies and procedures for transferring remaining budget authority of a project-based Section 8 Housing Assistance Payments (HAP) Contract under Section 8 (bb)(1) of the U.S. Housing Act of 1937.
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