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Housing Agency Urges North Dakotans to Talk to Your Mortgage Servicer or Landlord First; Don’t Become a Victim of a Financial Scam

NDHFA is encouraging households facing financial difficulties because of the Coronavirus (COVID-19) to notify their mortgage loan servicer or landlord if they are unable to make their mortgage or rent payment. “Our loan servicing department has fielded multiple calls and emails from individuals and families who are facing financial difficulties because of virus-related shutdowns,” said Dave Flohr, NDHFA interim executive director. “We want our borrowers to keep calling us. Now is the time to talk to the people you can trust.”

Governor Murphy Announces Effort to Help Renters, Homeowners Threatened by Potential Foreclosure

Governor Phil Murphy today announced an expanded housing counseling initiative to help New Jersey renters and homeowners who are threatened with a loss of housing due to the COVID-19 crisis. At the direction of Governor Murphy, the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) housing counseling initiative is expanding to include renters, who may be concerned with eviction, and homeowners who may need counseling to help prevent possible foreclosure.  These services are available at no cost to the consumer.

PHFA Shares Initiatives to Maintain Affordable Housing During Financial Pressures Brought on by the Coronavirus and Health-Safety Efforts

The Pennsylvania Housing Finance Agency is playing a leadership role during the coronavirus pandemic as it works to reduce the impact on Pennsylvanians with limited housing budgets. It is promoting information sharing and recommended practices with organizations across the commonwealth that provide housing and supportive services. Its main goal is to promote housing stability during a period of financial instability for some.

Governor Wolf Announces Projects to Receive $2.8 Million for Community Revitalization

Governor Tom Wolf today announced the six projects to be awarded $2.8 million for the construction or rehabilitation of mixed-used developments. The funding was raised through the sale of tax credits under the Mixed-Use Development Tax Credit Program, the proceeds of which are being used to fund the work of the Community Revitalization Fund Program. 

MassHousing Provides $9.9 Million in Financing for the Acquisition, Renovation and Preservation of Affordability at the 89-unit Colonial Village for Lower-Income Senior Citizens in Weymouth

MassHousing has closed on $9.9 million in affordable housing financing to an affiliate of Pennant Housing Group for the acquisition, renovation and preservation of the 89-unit Colonial Village Apartments in Weymouth. The transaction resolves an expired long-term affordability restriction and preserves affordability at the 89-unit property, which is home to low-income senior citizens, for at least 15 years.

Governor Wolf Announces Funding to Renovate Vacant Commercial Space in Lancaster with a Thrift Store and Grocery

Governor Tom Wolf today announced that Commonwealth Cornerstone Group (CCG) has completed a $5 million New Markets Tax Credit (NMTC) transaction to renovate a vacant commercial building in Lancaster creating a combination thrift and grocery store. The new retail shop plans to open this year. The 27,000-square-foot retail space, located at 515 N. Franklin St., will be known as Treasures Market, and it aims to provide affordable merchandise and fresh food in a section of Lancaster that currently lacks access to these items.

MassHousing Awards $249,450 for Affordable Sober Housing to Support Men, Women and Pregnant and Parenting Teens in Recovery

MassHousing has awarded a total of $249,450 in grant funding to help create or modernize 49 affordable sober housing units in Boston, Newburyport and Quincy, while also providing job training and services to homeless men and women in Boston. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery.

WHEDA Awarded $3,375,000 From Capital Magnet Fund

The U.S. Department of the Treasury's Community Development Financial Institutions Fund has awarded the Wisconsin Housing and Economic Development Authority a Capital Magnet Fund grant of $3,375,000. For fiscal year 2019, the U.S. Treasury awarded a total of $130.9 million in grants nationwide to 38 organizations for the development of affordable housing and community facilities in low-income communities. WHEDA was the only awardee in Wisconsin and since 2016 has received four consecutive awards totaling more than $17.8 million.

By Reducing Interest Rates to Historic Lows, VHFA Expands Homebuying Opportunities Statewide

This week marked VHFA’s offering of the lowest interest rates in the agency’s history for Vermont homebuyers. Rates as low as 3.0% became available on 30-year mortgages made through VHFA’s programs, available exclusively through its statewide network of participating lenders.