HFA News
Financing for 3 New Multi-Family Affordable Housing Developments Approved by NH Housing Board
Funding for three affordable multi-family housing developments was approved by the New Hampshire Housing Board of Directors at its October meeting. These 83 new units will help meet the critical need for affordable rental housing for our state’s workforce and other residents. The allocation of Low-Income Housing Tax Credits (LIHTC) and other federal and state funding to these projects will produce new affordable rental housing in Concord, Newport, and Rochester. New Hampshire Housing anticipates approving LIHTC allocations for additional developments later this year.
Brianna Sas-Pérez Joins WHEDA Board
Brianna Sas-Pérez, executive director for VIA CDC, has been appointed to serve as a member of the WHEDA board of directors. A Wisconsin native, Sas-Pérez’s experience includes over a decade of community outreach with a focus on equity and wellbeing. As VIA CDC’s executive director, she is responsible for strategic planning, fundraising, budgeting, community engagement, as well as deployment of the organization’s funding and other programming that support housing and business development in Milwaukee neighborhoods.
PHFA Names Housing Policy Fellowship for Kathy Possinger
In recognition of the career accomplishments of Kathy Possinger in the housing field, the Pennsylvania Housing Finance Agency is naming its annual housing policy fellowship for her. Possinger was a leading affordable housing advocate who served Pennsylvanians for two decades through her work in both the public and private sectors. Her service with nonprofit and government agencies provided significant contributions to the field of affordable housing and community development. This service included contributions to PHFA as a board designee and advocate.
Governor Hogan Proclaims October 30 as Weatherization Day in Maryland
Governor Larry Hogan today issued an official proclamation to celebrate the 45th anniversary of the Weatherization Assistance Program and declared Saturday, October 30, as Weatherization Day in Maryland. The Weatherization Assistance Program helps predominantly low-income households make important repairs and upgrades to their homes to increase energy efficiency. “The Weatherization Assistance Program has served thousands of Marylanders over its 45-year history by making their homes more energy efficient and providing substantial savings on their utility bills,” said Governor Hogan.
Kansas Emergency Rental Assistance Awards Nearly $52 Million to Protect Tenants at Risk of Eviction
The Kansas Emergency Rental Assistance (KERA) program has provided more than $51.9 million in relief funding to communities across the state. To date, KERA funds have supported 23,834 residents of 9,220 tenant households and 3,786 landlords facing financial hardship as a result of the COVID pandemic. When Nick Baumgartner’s small business began to flounder in 2020, he could not afford to pay his rent and was barely keeping up with utility bills. “I never had to ask for any kind of financial assistance before,” said Baumgartner, whose Topeka business served local restaurants.
Gov. Pritzker Announces Initial Allocation of 2021 Emergency Rental Assistance Is 100 Percent Disbursed to Renters and Landlords
Governor JB Pritzker today announced that $505 million of the initial tranche of Illinois’ 2021 emergency rental assistance from the federal government has been distributed, as Illinois leads the nation in getting this funding out the door faster than any other state. More than 57,000 households have now received assistance through the Illinois Rental Payment Program (ILRPP). With Illinois’ initial 2021 allocation of rental relief funds fully paid out, IHDA will open a new round of assistance funded by a separate federal bill on Monday, November 8, 2021.
$11.8 Million Awarded for Affordable Housing in South Dakota
South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners recently awarded more than $11 million to assist South Dakotans with newly constructed multifamily housing, single family housing, homebuyer assistance, homeowner rehabilitation, and homelessness prevention. The developments will receive $2.7 million in Housing Tax Credits, $4.4 million in HOME Investment Partnership Program funds, $2.8 million in Housing Opportunity Funds and $1.9 million in Housing Trust Funds.
Governor Hogan Announces $10 Million Homeownership Works Initiative
Governor Larry Hogan today announced the launch of the Homeownership Works (HOW) pilot program, a $10 million economic recovery initiative that will rehabilitate homes to create new homeownership opportunities while revitalizing Johnston Square in Baltimore City and Pine Street in Cambridge. “Homeownership Works is a game-changing approach that will serve as a national best practice for community renewal,” said Governor Hogan. “The program will revitalize neighborhoods to encourage new homeownership while helping existing homeowners and creating healthier housing markets.”
MSHDA Board Closer to Naming Permanent Executive Director, Approves Loan and Bond Commitments for Affordable Housing Projects
The Michigan State Housing Development Authority Board took a step toward naming a new executive director last week, approving a resolution that allows Board Chairwoman Susan Corbin to extend a conditional offer to a preferred candidate. After lengthy discussion of the five applicants who participated in public interviews in July and August, the board narrowed its scope to two candidates then said Amy Hovey, special projects coordinator for the C.S. Mott Foundation headquartered in Flint, emerged as the preferred candidate. The decision was not unanimous.
