HFA News
Governor Hogan Announces Maryland’s State Small Business Credit Initiative Programs Now Open
Governor Larry Hogan today announced Maryland programs funded by the State Small Business Credit Initiative (SSBCI) are open. Up to $198 million in federal small business relief is being administered by three state agencies: the Maryland Department of Housing and Community Development (DHCD), the Maryland Department of Commerce, and the Maryland Technology Development Corporation (TEDCO). These agencies will use funds to expand and enhance nine existing state business lending and investment programs.
North Dakota Roots Breaks Record; Program Revenue Supports Affordable Housing
One year after North Dakota Housing Finance Agency’s (NDHFA) residential real estate lending capacity was expanded by the state legislature, the agency reports that an updated loan program has broken a record.
MSHDA Board Approves Proposal to Allocate American Rescue Plan Funds for Homelessness Assistance and Workforce Housing
The Michigan State Housing Development Authority (MSHDA) Board has approved a plan to use more than $63 million in funds allocated by the federal government through the American Rescue Plan (ARP) to provide homelessness assistance and supportive services to at-risk individuals and families across the state.
Marie Milord-Ajanma Appointed to VHFA’s Board of Commissioners
Governor Phil Scott has appointed Marie Milord-Ajanma (she/her) of Waterbury to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners.
Arizona Department of Housing Announces 2022 Housing Hero Awards at Annual Housing Forum
The Arizona Department of Housing, in partnership with the Arizona Housing Coalition, concluded the 2022 Arizona Housing Forum today at THE SCOTT in Scottsdale.
MassHousing Closes on $40.8 Million in Financing for Pac10 Lofts, a New, 180-Unit, Affordable and Workforce Housing Community in Downtown Lawrence
MassHousing has closed on a total of $40.8 million in financing to Reed Community Partners LLC for the creation of Pac10 Lofts, a new, 180-unit affordable and workforce housing community in the Gateway City of Lawrence. Reed Community Partners has transformed a six-story section of the former Pacific Mills textile complex into new, mixed-income housing for households across a range of incomes, including 40 workforce housing units for moderate-income families.
Housing Collaboration Kicks Off Annual Arizona Housing Forum
The Arizona Housing Coalition (AZHC), in partnership with the Arizona Department of Housing (ADOH), is hosting the Arizona Housing Forum at THE SCOTT Resort & Spa in Scottsdale, Arizona, August 17-19, 2022 as the state continues to experience an affordable housing shortage.
Governor Hogan Announces Expansion of Landmark SmartBuy Initiative to Help More Homebuyers
Governor Larry Hogan today announced that the Maryland Department of Housing and Community Development (DHCD) has expanded the state’s landmark SmartBuy initiative to address rising housing market prices. To help manage purchase costs, homebuyers can now eliminate up to $50,000 in student loan debt—up from $30,000.
Pritzker Administration Announces Funding Opportunity to Improve Housing Accessibility and Stability for Vulnerable Households
The Illinois Housing Development Authority (IHDA) is pleased to share that up to $60 million in state and federal resources is available to finance the creation or preservation of permanent supportive housing across the state. Under Round IX of IHDA’s Permanent Supportive Housing (PSH) Development Program, approved applications will support the construction and rehabilitation of affordable housing developments for persons at risk of homelessness, residents with physical challenges or mental health needs, and other vulnerable populations.
