NCSHA Today!
HFA News
- HFA NewsAugust 17, 2017
MassHousing has provided $17.6 million in affordable housing financing to the Claremont Companies for the refinancing of the 200-unit Solemar at South Dartmouth. The refinancing of the mixed-income senior citizen community preserves the affordability of the property’s 100 affordable units through 2034.
- HFA NewsAugust 10, 2017
A burgeoning community inside the Capital Beltway and a Cecil County town that served as a supply depot for the Continental Army during the Revolutionary War are the latest communities to receive designations under the Maryland Department of Housing and Community Development's Sustainable Communities Program.
- HFA NewsJuly 27, 2017
Governor Tom Wolf announced that Commonwealth Cornerstone Group (CCG) has completed a $9 million New Markets Tax Credit (NMTC) financing transaction that will help fund development of commercial and community portions of the Eastern Tower Community Center project in Philadelphia’s Chinatown. The center is a mixed-use development at the northwest corner of 10th and Vine streets.
Blogs
- Blog PostAugust 10, 2017
On August 9, HUD released its biannual Worst Case Housing Needs Report to Congress. The report finds that, despite continued signs of a strengthening national economy, 8.30 million households had worst case needs in 2015, up from 7.72 million in 2013 and approaching the record high of 8.48 million in 2011. HUD defines worst case housing needs as renters with very-low incomes (below 50 percent of area median income) who do not receive government housing assistance and who spend more than half of their income on rent, live in severely inadequate conditions, or face both of these challenges. In 2015, the vast majority of households with worst case housing needs had severe housing cost burdens, while two percent lived in severely inadequate conditions.
- Blog PostAugust 4, 2017
The U.S. Senate yesterday confirmed by voice vote several of President Trump’s nominees for key housing and tax policy positions, including: Neal Rackleff, to be HUD Assistant Secretary for Community Planning and Development; Anna Farias, to be HUD Assistant Secretary for Fair Housing and Equal Opportunity; and David Kautter, to serve as Assistant Secretary of Treasury for Tax Policy. The three nominees were passed as part of a broader package of 65 nominees spanning a variety of federal agencies.
- Blog PostJuly 31, 2017
Tomorrow at 10:00 a.m., NCSHA President Grant Whitaker, who serves as president and chief executive officer of the Utah Housing Corporation, will testify on behalf of NCSHA before the Senate Finance Committee at a hearing on America’s Affordable Housing Crisis: Challenges and Solutions. The hearing will be broadcast live on the Committee’s website, and will also be available there for streaming thereafter.
