HFA News
DCHFA Finances Mixed-Income Development for Families in Petworth
Within two weeks of its last deal closing, the DCHFA has financed a second development. On September 15, DCHFA issued $19.1 million in tax-exempt bond financing and underwrote $8 million in four percent LIHTC for the construction of Spring Flats Family in Petworth (Ward 4). “Petworth is now an amenity rich and highly sought after neighborhood where housing prices have increased rapidly. Investing in Spring Flats Family helps to ensure that residents at a range of income levels, including families will have the opportunity to live in and enjoy all this neighborhood has to offer,” stated Christopher E.
RIHousing Launches New Down Payment Assistance Program for First-time Homebuyers
RIHousing today announced a new down payment assistance program for first-time homebuyers. The “10kDPA” program provides a $10,000 down payment assistance loan to eligible homebuyers in Rhode Island. “We’re excited to be able to offer this new program to help first-time homebuyers with what is often the biggest hurdle to homeownership: the down payment,” said Carol Ventura, Executive Director of RIHousing. “Approximately 90% of our mortgage customers receive some form of down payment assistance, which greatly reduces the out-of-pocket expenses incurred during the mortgage process.”
San Luis Valley Housing Coalition Leads Effort to Launch Housing Needs Study
The San Luis Valley Housing Coalition (SLVHC), along with a cohort of leaders from 25 local businesses and organizations, is spearheading efforts to launch a comprehensive study examining housing in the six-county San Luis Valley. The study will analyze the full scope of housing availability, needs, and conditions in the region. The study will include an action plan of various proposals to meet unique community needs over the next five to 10 years.
PHFA Extends Application Period for 2021 Housing Policy Fellowship
The Pennsylvania Housing Finance Agency today announced it is extending the deadline for people to apply for its 2021 Housing Policy Fellowship. Now in its second year, the fellowship has the goal of funding critical research in the housing field while also promoting leadership development. This 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.
PHFA Issues RFP for PHARE Funding to Support Local Housing Initiatives
The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals soliciting applications from organizations for projects to improve the availability and affordability of housing across the commonwealth. Funding for this RFP is being provided through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund. The total PHARE funding available this year exceeds $41 million. PHARE receives its funding from the impact fee levied on natural gas drilling companies and a portion of the Realty Transfer Tax.
Maryland Department of Housing and Community Development Announces Fiscal Year 2021 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development is announcing the Fiscal Year 2021 application round for three State Revitalization Programs - Community Legacy, Strategic Demolition Fund - Statewide (all non-Baltimore City) and the Baltimore Regional Neighborhood Initiative. These programs offer funding to support local housing, community and economic development, and other revitalization projects. They are part of the department's commitment to helping the state's local governments and nonprofit agencies achieve their community revitalization and economic development goals.
Hogan Administration Opens Application Period for $16 Million in Maryland Eviction Prevention Partnership Grants
Governor Larry Hogan today announced that Maryland's 24 local jurisdictions can begin applying for $16 million in Maryland Eviction Prevention Partnership grants, which will help support local rental assistance programs across the state. "Maryland was one of the first states in the nation to implement a moratorium on evictions for tenants affected by the COVID-19 pandemic, and we have backed that up with targeted relief programs," said Governor Hogan. "These grants will help ensure more of our citizens can remain safe and secure in their homes."
PHFA Accepting Bids for Purchase of Mixed-Use Development Tax Credits
The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $3 million in Mixed-Use Development Tax Credits. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities. The deadline for bids is 2 p.m. on Wednesday, Sept. 30. These tax credits will be used by the winning bidders – which can be companies, organizations or individuals – to reduce their state tax liability.
Housing is Key Campaign Provides Information on Resources for Tenants, Landlords and Homeowners
Housing is key. It’s critical to ensure the health and safety of our families and communities, especially during COVID-19. On August 31, 2020, Governor Gavin Newsom signed the Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020, extending eviction and foreclosure protections for Californians. Following the signing of the Act, Governor Newsom announced the launch of the Housing Is Key campaign, aimed at connecting renters and landlords experiencing economic hardship due to COVID-19 to resources and information.
