HFA News

The U.S. Treasury is expanding the Hardest Hit Fund to help unemployed and underemployed homeowners meet their mortgage obligations. Tennessee has been allocated $81.1 million dollars for the program which is administered by housing finance agencies.

Florida has $656.8 million to help struggling homeowners, but distribution of the federal aid is likely on hold statewide until early 2011.

Florida is getting more federal money to help more unemployed homeowners at risk of foreclosure, but the program likely will be delayed until next year.

Delaware State Housing Authority (DSHA) is pleased to announce that 335 affordable housing units will be created and/or preserved thanks to awards being made through the Low Income Housing Tax Credit (LIHTC) program. The 2010 LIHTC Qualified Allocation Plan (QAP) included incentives for developers to construct fully accessible units, as well as a new category to encourage developers to build new units that will add 83 affordable apartments to the statewide inventory.

North Carolina will gain $229 million in affordable rental apartments as the result of federal tax credits approved this week by the Tax Reform Allocation Committee and loans from the North Carolina Housing Finance Agency.

Governor Jennifer M. Granholm today called on the nation's largest banks - Bank of America, Chase, Citigroup, PNC Bank and Wells Fargo - to participate in the Helping Hardest Hit Homeowners Fund to help homeowners seeking assistance in preventing the foreclosure of their homes.

Georgia Department of Community Affairs and Commissioner Mike Beatty announce the first of the stimulus projects to come on line. Last week, Antigua Place Phase II located in Moultrie became the first stimulus project to receive the certificates of occupancy for the 40 unit project reserved for the elderly. By receiving the certificates of occupancy, the project may be occupied for everyday use.

Susan Dewey, executive director of the Virginia Housing Development Authority and president of NCSHA, was interviewed for an article by the U.S. News and World Report titled "9 Smart Ways to Come Up with Down-Payment Cash."