- HFA NewsApril 23, 2015
On Monday, April 20, the Vermont Housing Finance Agency Board of Commissioners committed $2.55 million in federal low-income housing tax credits and $432,500 in state housing tax credits to expand Vermont’s stock of affordable, energy-efficient housing. The tax credits will generate approximately $23.5 million in upfront equity for the construction and rehabilitation of 452 primarily rental homes across the state, guaranteed to remain affordable for at least 30 years.
- HFA NewsApril 17, 2015OHFA Welcomes a Returning Board Member, Approves More Than $46.6 Million for Affordable Housing for Ohioans
The Ohio Housing Finance Agency (OHFA) Board recognized the return of Alan Scott for a term ending January 31, 2021. Mr. Scott was one of three founding principals of the NRP Group of Garfield Heights, one of the nation’s largest multifamily and low-income housing tax credit developers.
- HFA NewsApril 17, 2015
Standing amidst a sea of signs featuring the word “home” in various languages, New Haven Mayor Toni Harp and Connecticut’s U.S. Senator Richard Blumenthal announced today that the Connecticut Housing Finance Authority (CHFA) is accepting applications for Connecticut’s Emergency Mortgage Assistance Program (EMAP).
- Blog PostApril 24, 2015
Earlier this week, FICO announced that it had reached an agreement with the three main credit reporting agencies (TransUnion, Equifax, and Experian) that will allow housing and financial counselors to share with their clients their credit scores. This initiative, entitled the FICO® Score Open Access for Credit & Financial Counseling, will allow qualified and enrolled credit, housing, and financial counselors to provide their clients with their FICO scores along with other educational material about credit.
- Blog PostApril 22, 2015
On April 16, the House Financial Services Subcommittee on Housing and Insurance held a hearing on “The Future of Housing in America: Increasing Private Sector Participation in Affordable Housing”. The hearing focused broadly on HUD programs that have the potential to leverage private dollars and featured four witnesses: Adriane Todman, Executive Director at the District of Columbia Housing Authority (DCHA); Brad Fennell, Senior Vice President of Washington, DC area property management company WC Smith; James Evans, Director at Quadel Consulting Services; and Sheila Crowley, President and CEO at the National Low-Income Housing Coalition (NLIHC).
- Blog PostApril 20, 2015
More than 120 members of the U.S. House of Representatives signed onto a letter last week urging House Speaker John Boehner (R-OH) and Minority Leader Nancy Pelosi (D-CA) to reject proposals that would eliminate or diminish the tax-exempt status of municipal bonds.