HFA News
MassHousing Closes on $2.8 Million in Financing for New Workforce Housing in Northampton
MassHousing has closed on $2.8 million in affordable workforce housing financing to The Community Builders for the ongoing construction of the 12-unit 35 Village Hill Road in Northampton. Valley Community Development Corporation is the project co-sponsor. The new housing, which is being developed on the site of the former Northampton State Hospital, will feature 10 workforce housing apartments for moderate-income households and two deeply affordable units for clients of the DMH.
WHEDA Awards $31.9 Million In Federal And State Housing Tax Credits
The award of $31.9 million in federal and state tax credits will advance housing opportunity and economic recovery in Wisconsin through creation of 2,039 affordable housing units in the months ahead, Gov. Tony Evers announced Tuesday. The state and federal housing tax credit awards by the Wisconsin Housing and Economic Development Authority (WHEDA) support housing developments in 23 communities statewide and cap a highly competitive process that drew requests totaling $61 million.
Single-Family Housing Rehab Program Grants Approved
The North Dakota Industrial Commission approved an allocation of almost $200,000 today through Helping Housing Across North Dakota (HAND). The program addresses the housing rehab needs of lower-income individuals and families by providing grants to targeted community programs. North Dakota Housing Finance Agency (NDHFA) administers the program.
DCHFA Finances Affordable Housing in Wards 2 and 4
The District of Columbia Housing Finance Agency (DCHFA) is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4. On April 24th, DCHFA issued $17.3 million in tax exempt bonds and underwrote $10.2 million in low income housing tax credit (LIHTC) equity for the acquisition and rehabilitation of Anna Cooper House in Ward 2 and Building 17 on the campus of the former Walter Reed Army Medical Center in Ward 4.
SDHDA Encouraging Struggling Homeowners to Reach Out to Their Loan Servicers
South Dakota Housing Development Authority (SDHDA) is encouraging homeowners, struggling to make their mortgage payments, to reach out to their loan servicer for payment relief options. Your loan servicer is who you make your monthly payments to and their contact information can usually be found on your mortgage statement.
DSHA Pauses Delaware Housing Assistance Program to Manage Volume, Assess Available Resources
Delaware State Housing Authority (DSHA) is temporarily pausing application submissions for the Delaware Housing Assistance Program (DE HAP). Pausing the program will allow DSHA to explore how resources from the federal government and others may be used in the coming weeks to continue the program and respond to the ongoing high demand for assistance. It will also allow DSHA staff and community partners to process the more than 5,000 applications that have been received since the program launched on March 26.
PHFA Recognizes Its Top Lending Partners
The Pennsylvania Housing Finance Agency is honoring its top lending partners for 2019. Homebuyers across Pennsylvania work with these approved lenders for the application, processing, and closing of affordable PHFA home loans. “Thanks to the outstanding efforts of these PHFA lending partners, residents across the commonwealth have been able to realize their dream of owning a home,” said PHFA’s Executive Director and CEO Robin Wiessmann.
MassHousing Completes Workforce Housing Financing for New, 68-Unit Housing Community in Newton
MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households. The recently completed 28 Austin Street development is a public-private partnership between Austin Street Partners, a joint venture of Dinosaur Capital Partners and Oaktree Development, and the City of Newton.
WHEDA Seeks Public Comment on Tax Credit Distribution Plan
The Wisconsin Housing and Economic Development Authority is seeking public comment on proposed changes to its tax credit distribution plan, including changes that would increase the positive economic, social and environmental impact of affordable housing projects while improving the competitiveness of rural developments.
