HFA News
Iowa Finance Authority Names 2020 Top Mortgage Lenders
The Iowa Finance Authority (IFA) recently announced its 2020 top mortgage lenders. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through IFA programs in 2020. The Iowa Finance Authority offers mortgage and down payment assistance programs through a network of more than 400 lenders throughout the state. These partnerships allow Iowans both the convenience of working with their local lender and access to down payment assistance programs available exclusively through IFA Participating Lenders.
PHFA Invites Applicants for 2022 Housing Policy Fellowship
With the goals of funding critical research and promoting leadership development, the Pennsylvania Housing Finance Agency today announces the opening of applications for its 2022 Housing Policy Fellowship. The fellowship will fund a maximum of 12 months of research on a pressing housing or community development topic. With a monthly stipend of $1,000, the maximum funding available will be $12,000. The financial support can be used for a variety of activities supporting the approved research, including interviews with experts, securing resources and study materials, travel for attending relevant conferences and more.
PHFA Announces $500 Homebuyer Purchase Assistance Grant
The Pennsylvania Housing Finance Agency today announces the creation of a $500 grant that can be applied to homebuyers’ down payment and closing costs when they are buying a home. This new grant is available for loans locked on or after March 15. “This is our second announcement in March about a new purchase assistance program we’ve created to help homebuyers,” said PHFA Executive Director and CEO Robin Wiessmann. “Down payment and closing costs are the biggest hurdle many homebuyers face when they purchase a home, and this $500 grant program will help address that challenge.”
MassHousing Closes on $5.5 Million in Financing to Create Affordable and Workforce Housing at 181 Chestnut Street in Chelsea
MassHousing has closed on a total of $5.5 million in affordable and workforce housing financing to the non-profit The Neighborhood Developers, Inc. (TND), to transform a formerly market-rate rental property at 181 Chestnut Street in Chelsea into a mixed-income housing community. The MassHousing financing will allow TND to extend long-term affordability to households across a wide range of incomes, from very-low-income households to middle-income households.
CHFA Becomes First State Housing Finance Agency to Purchase an eNote
Colorado Housing and Finance Authority (CHFA) has become the first state housing finance agency (HFA) in the nation to electronically accept, purchase, and deliver an electronic mortgage note (eNote) to the secondary market. CHFA began its eNote initiative in 2020 to provide greater efficiency to its mortgage process. CHFA’s first eNote transaction was purchased from Fairway Independent Mortgage Corporation and delivered to Fannie Mae.
Funding Available for Housing Development
South Dakota Housing Development Authority (SDHDA) is inviting developers to submit applications for funding from the Housing Trust Fund (HTF) program. The Housing Trust Fund, funded by the U.S. Department of Housing and Urban Development, provides financing to developers and/or owners to expand the supply of decent, safe and affordable housing for extremely low income South Dakotans. Funding is targeted to 30 percent of the Area Median Income and below. This funding source has $4 million available for this application round.
Financial Assistance for Renters and Landlords Now Available
The State of Georgia received $552 million from U.S. Treasury's Federal Emergency Rental Assistance Program to provide relief to individuals, families, and landlords whose finances have been negatively impacted due to the COVID-19 pandemic. The Georgia Department of Community Affairs (DCA) will administer the State of Georgia Rental Assistance Program (GRA), and the online portal to determine eligibility and submit applications is now available.
Hogan Administration Announces Fiscal Year 2021 State Revitalization Program Awards
Today Governor Larry Hogan announced awardees from the Fiscal Year 2021 application round for three state revitalization programs administered by the Maryland Department of Housing and Community Development. The Community Legacy program, the Strategic Demolition Fund, and the Baltimore Regional Neighborhood Initiative will provide more than $27 million to 157 projects in 19 counties and Baltimore City that support community development and economic growth.
New Allocation of Housing Assistance Available for Households Affected by COVID-19
South Dakota Housing Development Authority (SDHDA) is now accepting applications for a new allocation of funds to help with housing assistance – rent, mortgage and/or utilities – for households affected by the COVID-19 pandemic. “After helping more than 3,000 households with the first round of assistance, SDHDA recognizes that families are still struggling with uncertainties,” said Executive Director Lorraine Polak. “This additional funding helps cover families’ basic needs so they can meet their other financial obligations, too.”
