HFA News
WHEDA Awards National Housing Trust Funds
Three projects that will provide housing to extremely low-income elderly and disabled residents have been awarded a total of $1.9 million in National Housing Trust Fund financing by the Wisconsin Housing and Economic Development Authority. The projects, in Ashwaubenon, Bristol and Milwaukee, previously received highly competitive federal 9% or state 4% housing tax credits administered by WHEDA.
WHEDA Welcomes Applications for Rural Affordable Workforce Housing Initiative
The Wisconsin Housing and Economic Development Authority is now welcoming applications for the rural affordable workforce housing pilot. A webinar to answer questions about the application process will be held July 24 at 1 p.m. Information about the initiative including the rural affordable workforce housing initiative plan and application documents can be found here; registration for the free webinar is available here.
CalHFA Helps 13,000 Californians Become Homeowners
Three bedrooms in Alameda. A nice-sized backyard in Riverside. Two stories in Modesto. Just a small glimpse at what more than 13,000 California families were able to purchase in the past fiscal year thanks to a loan from the California Housing Finance Agency. We helped finance houses with patios, ceiling fans and gas ranges galore, through our powerful combination of low-interest down payment assistance and closing cost loans, added to competitively-priced first mortgages.
South End Mixed-Income Housing Community Will Undergo Major Renovation and the Preservation of Affordability with $30.3 million in MassHousing Financing
MassHousing has provided a total of $30.3 million in affordable housing financing to the Fenway Community Development Corporation for the refinancing, major renovation, and preservation of affordability for mixed-income households at the 97-unit Newcastle Saranac in Boston’s South End. Fenway CDC – in partnership with the Schochet Companies – acquired Newcastle Saranac through Chapter 40T, after the MassHousing Section 13A mortgage expired in March 2018 and the former owner intended to sell the property, putting the property’s 97 affordable units at risk of converting to market-rate rents.
MassHousing Closes on $9.5 Million in Financing for New Affordable Housing for Lower-Income Senior Citizens in Taunton
MassHousing has closed on $9.5 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc. and Taunton Revitalization, Inc., to support the construction of a new 40-unit housing community for lower-income senior citizens at the former Walker School in Taunton. The Walker School will involve the redevelopment of the vacant, former school into 40 new one-bedroom apartments. The school building will contain 16 apartments and the development team will build an addition containing 24 apartments.
Hogan Administration Announces $2.3 Million in First Round of Maryland Eviction Prevention Partnership Grants
Governor Larry Hogan today announced eight counties will receive more than $2.3 million in the first round of Maryland Eviction Prevention Partnership grants. "These awards reinforce my administration's strong support for ensuring Marylanders stay safe and secure in their homes during the COVID-19 pandemic," said Governor Hogan. "We are dedicated to assisting counties in their efforts to prevent eviction during these tough economic times."
COVID-19 Emergency Rental Assistance Program is Temporarily Suspended Due to Overwhelming Response
Due to overwhelming response, phase one of the Louisiana Emergency Rental Assistance Program (LERAP) application process has been temporarily suspended, but you can continue to sign up for notification of the opening of future phases. Administered and funded by the Louisiana Housing Corporation (LHC) in partnership with the State of Louisiana Office of Community Development (OCD), the LERAP is designed to help households financially impacted as a result of shutdowns, closures, layoffs, reduced work hours or unpaid leave due to the pandemic.
Illinois Housing Development Authority Names Karen Davis as Deputy Executive Director
The Illinois Housing Development Authority (IHDA) Board has named Karen Davis as the Authority’s next Deputy Executive Director. Davis, who resigned from her position on the IHDA Board earlier this month, brings more than twenty years of affordable housing and community and economic development experience to the organization, most recently serving as the Executive Director of the Local Initiatives Support Corporation (LISC) Central Illinois.
Pritzker Administration Awards 26,000,000 in Tax Credits for Affordable Housing
The Illinois Housing Development Authority (IHDA) Board announced conditional awards totaling more than 26,000,000 in federal Low-Income Housing Tax Credits (LIHTC) that will fund 21 affordable housing developments in 11 counties throughout Illinois. Once sold to investors, the tax credits will generate an estimated $238.4 million in private capital to finance the creation and/or preservation of 1,188 affordable units for low- to moderate-income families, seniors, veterans and persons with special needs.
