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HFA News
VHFA Awards $40 Million for Affordable Housing
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced on Monday April 15, 2024, that its annual award of federal housing tax credits will support the construction of 156 homes in perpetually affordable apartment buildings in five communities across the state. The sale of this year’s tax credits to investors is expected to yield over $40 million in funds, covering an estimated 60 percent of total project development costs.
New Mexico Mortgage Finance Authority Celebrates Groundbreaking Ceremonies for MFA-Funded Multifamily Developments, Fueling the Growth of Affordable Housing in the State
Representatives from the New Mexico Mortgage Finance Authority (MFA) have attended several groundbreaking ceremonies recently, celebrating the construction of MFA-funded multifamily developments around the state.
AHFA Releases 5.5% and 6% Fixed Mortgage Rates
Alabama households with modest incomes will soon benefit from new below-market mortgage interest rates offered by the Alabama Housing Finance Authority’s First Step Mortgage Revenue Bond program.
MassHousing Announces New Round of Neighborhood Stabilization Program Capital Grants
The Healey-Driscoll Administration and MassHousing today announced a total of $6.9 million in Neighborhood Stabilization Program grants, to 10 community-based organizations, to fund the redevelopment or rehabilitation of 37 affordable homes, including 23 new affordable homeownership opportunities.
Application Period to Open for Emergency Solutions Grant and ND Homeless Grant
North Dakota Housing Finance Agency (NDHFA) announces the application period for the federally funded Emergency Solutions Grant (ESG) and the state-funded North Dakota Homeless Grant (NDHG). The application window will be from May 15 to May 30, 2024.
Kentucky Housing Corporation, Bowen National Research Release Findings of Kentucky Housing Supply Gap Analysis
Kentucky Housing Corporation (KHC) and Bowen National Research (Bowen) released findings today from the Kentucky Housing Supply Gap Analysis, a county-by-county examination of Kentucky’s current housing supply. This summer, KHC and Bowen will release a five-year projection of the housing supply gap based on population trends, jobs growth, housing starts, and other data.
Residents Living at the 432-Unit Westminster Village Arms in Lowell Will See the Preservation of Affordability and Substantial Property Improvements With $94 Million in MassHousing Financing
MassHousing today announced that residents living at the 432-unit Westminster Village Arms in Lowell will have their affordable rents preserved for the long term and see approximately $20 million in property improvements as a result of $94 million in financing.
State of Georgia Introduces the New Georgia Dream Peach Plus Loan Program
The State of Georgia announced today the launch of the Georgia Dream Peach Plus loan program. This new initiative is poised to redefine access to affordable homeownership opportunities throughout the state by catering to a broader range of homebuyers seeking the dream of owning a home.
AHFA Releases 5.5% and 6% Fixed Mortgage Rates April 15
Alabama households with modest incomes will soon benefit from new below-market mortgage interest rates offered by the Alabama Housing Finance Authority’s First Step Mortgage Revenue Bond program.
Chris Gomez Appointed to VHFA’s Board Of Commissioners
Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont.
