HFA News
RIHousing Launches Pilot Program during National Homeownership Month
RIHousing today announced the launch of a new pilot program that provides a pathway to sustainable homeownership for first-time buyers. RIHousing’s HomeSecure Grant program offers educational and financial resources to support new homeowners and is offered in conjunction with a RIHousing mortgage. The program features a robust financial literacy program via a network of partner agencies as well as access to an emergency fund reserve to assist borrowers in the first three years of owning a home.
Elected Officials and Partners Celebrate New Affordable Apartments in Smithfield
U.S. Senator Jack Reed, U.S. Congressman David Cicilline, Governor Daniel McKee, and Smithfield Town Manager Randy Rossi joined leaders from Smithfield Housing Authority, Coventry Housing Associates, RIHousing and funding and community partners today to celebrate the completion of new rental homes in Smithfield. “I’m proud to have been part of the public-private partnership that revitalized this former iron foundry site into beautiful, affordable homes.
Virginia Housing Announces $500,000 Grant to Fund 3D Home-Building Printer
Virginia Housing today announced a $500,000 Innovation Demonstration grant to the Virginia Center for Housing Research at Virginia Tech to secure a 3D modular construction printer to print the concrete walls on the first 3D-printed home for sale in Virginia. Alquist, a 3D printing construction firm, will be working directly with the VCHR to print the home’s exterior walls.
Governor Hogan Announces $25 Million Initiative to Revitalize Downtowns and Main Streets
Governor Larry Hogan today announced the launch of Project Restore, a $25 million economic recovery initiative that will provide financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. The governor made the announcement in downtown Berlin during a five-day tour of the Eastern Shore. “Project Restore will help put more ‘open for business’ signs in storefront windows, create thousands of jobs, and transform neighborhoods and communities,” said Governor Hogan.
MassHousing Closes Approximately $19 Million in Financing for the Second Phase of the Transformative Enterprise Center in Downtown Brockton
MassHousing has closed on approximately $19 million in affordable and workforce housing financing to Trinity Financial, Inc., which is developing the 111-unit Phase Two of the Enterprise Center in Downtown Brockton for residents with a wide range of incomes. The MassHousing financing will allow Trinity Financial to complete the redevelopment of the Enterprise Block and deliver a total of 224 new rental homes to Brockton’s downtown. The project’s first phase opened in 2015.
Maryland Department of Housing and Community Development Issues First Sustainability Bonds in Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced the issuance of the first ever ‘Sustainability Bonds’ to be sold by the department. The department’s bond-issuing entity, the Community Development Administration, issued approximately $13.6 million in Sustainability Bonds; proceeds of the bond sale will support energy efficient affordable housing in Frederick County.
Mayor Domenic Sarno, The Michaels Organization, and MassHousing, Celebrate the Start of the Extensive Renovation of the 201-Unit Bergen Circle Housing Community in Springfield
Mayor Domenic Sarno, The Michaels Organization, and MassHousing today celebrated the start of extensive renovations at the 201-unit Bergan Circle housing community in Springfield. Michaels, which has taken over ownership and management of the Bergen Circle Apartments, has embarked on approximately $17 million in property renovations to the eight-building community in the McKnight neighborhood.
PHFA Now Accepting Bids for Purchase of Mixed-Use Development Tax Credits
Tax credit bid deadline is July 16 HARRISBURG – The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $3 million in mixed-use development tax...
RIHousing Announces Recipients of Inaugural Michael S. Van Leesten Awards
RIHousing’s Board of Commissioners approved the Spring 2021 Michael S. Van Leesten Memorial Awards at its June meeting. The awards program honors the life and work of Michael S. Van Leesten, a longtime advocate dedicated to improving the lives of Rhode Islanders through his business leadership, civil rights activism, and public service. The awards program supports students from diverse backgrounds who are pursuing academic fields or careers related to the housing industry.
