HFA News
DCHFA Finances the Agency’s First Affordable Housing Development of 2022
DCHFA has started the new year by financing the rehabilitation of Cascade Park Apartments. On January 7, 2022, the Agency issued $11.1 million in tax exempt bonds for the acquisition and rehabilitation of 59 of the units (two buildings) at the Ward 8 property. “Closing a deal for an affordable housing transaction is a great way to begin the new year. This is the first of many developments that the Agency’s multifamily team is working to fund to create and preserve beautiful, healthy affordable housing.
Financing to Create and Preserve Affordable Multi-Family Housing in Conway, Manchester & Nashua Approved by New Hampshire Housing Board
Financing for four affordable multi-family rental housing developments which will provide a total of 232 units was approved by the New Hampshire Housing Board of Directors at its December meeting. Once constructed, this housing will help meet the critical need to build and preserve affordable rental housing for our state’s workforce and other residents.
Wolf Administration Launches $350 Million PA Homeowner Assistance Fund
Today, Governor Tom Wolf announced the statewide launch of the Pennsylvania Homeowner Assistance Fund, or PAHAF, administered by the Pennsylvania Housing Finance Agency. PHFA’s plan for administration of the PAHAF has been approved by the U.S. Department of the Treasury. PAHAF applications will open to eligible Pennsylvania homeowners beginning February 1.
Governor McKee, RI Office of Energy Resources and RIHousing Announce Zero-Energy Housing Awards
Rhode Island Governor Dan McKee, the Office of Energy Resources (OER) and RIHousing announced today the award of funds to develop highly energy efficient housing for low- and moderate-income Rhode Islanders. The demonstration program, Zero Energy for the Ocean State (ZEOS), is the result of a public-sector partnership between OER, RIHousing, and National Grid to explore innovative, replicable solutions to utilize cost saving, clean energy technologies in homes.
Governor Hogan Announces Opening of Maryland Homeowner Assistance Fund
Governor Larry Hogan today announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services.
MassHousing Closes on $8 Million in Financing for New, 29-Apartment Workforce Housing Community on a Vacant Parcel in Dorchester
MassHousing has provided a total of $8 million in affordable and workforce housing financing to TLee Development LLC, for the construction of 29 new apartments on a vacant parcel at 1463 Dorchester Ave. in Dorchester. The new housing community will feature 25 workforce housing units, four affordable units, and first-floor commercial space.
More Than $103 Million in Federal Emergency Rental Assistance Has Been Distributed to Maine Landlords on Behalf of Their Tenants
Today MaineHousing is announcing it has reached a critical milestone in efforts to help more than 17,400 Maine renters weather the economic challenges wrought by the ongoing COVID-19 pandemic.
Housing Finance Agency Ranked a Tier 1 FHA Loan Servicer
North Dakota Housing Finance Agency (NDHFA) was ranked a Tier 1 Federal Housing Administration (FHA) loan servicer for FY 2021 by the U.S. Department of Housing and Urban Development’s (HUD) National Servicing Center.
MassHousing Closes on $26.9 Million in Financing to Create 87 New Mixed-Income Apartments at 608 Broadway in Lawrence
MassHousing has closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex in Lawrence. The $46.8 million mixed-income project will repurpose a former industrial building into 87 new apartment homes, including 21 workforce housing units, and advance the city’s redevelopment of the 34-acre Arlington Mills Smart Growth Overlay District.
