HFA News
MassHousing Awards $249,450 for Affordable Sober Housing to Support Men, Women and Pregnant and Parenting Teens in Recovery
MassHousing has awarded a total of $249,450 in grant funding to help create or modernize 49 affordable sober housing units in Boston, Newburyport and Quincy, while also providing job training and services to homeless men and women in Boston. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery.
WHEDA Awarded $3,375,000 From Capital Magnet Fund
The U.S. Department of the Treasury's Community Development Financial Institutions Fund has awarded the Wisconsin Housing and Economic Development Authority a Capital Magnet Fund grant of $3,375,000. For fiscal year 2019, the U.S. Treasury awarded a total of $130.9 million in grants nationwide to 38 organizations for the development of affordable housing and community facilities in low-income communities. WHEDA was the only awardee in Wisconsin and since 2016 has received four consecutive awards totaling more than $17.8 million.
By Reducing Interest Rates to Historic Lows, VHFA Expands Homebuying Opportunities Statewide
This week marked VHFA’s offering of the lowest interest rates in the agency’s history for Vermont homebuyers. Rates as low as 3.0% became available on 30-year mortgages made through VHFA’s programs, available exclusively through its statewide network of participating lenders.
Murphy Administration Announces $50 Million Initiative to Provide Affordable, Supportive Homes for Residents with Special Needs
To help meet the state’s critical need for permanent and affordable supportive housing, the Murphy Administration announced today a new $50 million initiative from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) which will provide funding for 400 apartments for residents with special needs.
CHFA Awarded $6 Million in Capital Magnet Funds to Support Affordable Housing
Colorado Housing and Finance Authority (CHFA) has been awarded a $6 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 38 total recipients nationwide. This is the third CMF award that CHFA has received, bringing the total award amount to more than $19 million, receiving $7.1 million in 2018, and $6 million in 2019.
Housing Agency Honors Outstanding Partners With Champion Awards
North Dakota Housing Finance Agency recognized ten of the lending institutions, loan officers and real estate agents who promote its homeownership program as Champions of Affordable Housing. The state agency provides individuals and families, primarily first-time buyers, with low-cost financing, and down payment and closing cost assistance.
Getting More Homes Built Incrementally Focus of March 3 New Hampshire Housing Conference in Manchester
Getting more homes built in New Hampshire communities through incremental development is the focus of New Hampshire Housing’s 2020 Homeownership Conference on Tuesday, March 3 from 8 AM – 12:30 PM at the Manchester Country Club. To develop the different types of housing our state’s residents need, it will take different solutions to create that range. Incremental development via small-scale real estate development projects is one proven tactic.
DCHFA Finances Third Affordable Apartment Community of the Month in Ward 7’s Deanwood
DCHFA completes its third transaction of February by financing the construction of 1100 Eastern Avenue Apartments, 63 affordable apartments in Ward 7. DCHFA issued $13.9 million in tax exempt bonds and underwrote $9.8 million in low income housing tax credit (LIHTC) equity. “The Deanwood neighborhood is seeing a great deal of development and has become a sought after place to live, especially since being designated an Opportunity Zone.
Hogan Administration Announces $700,000 Community Development Block Grant to Allegany County; Matching $750,000 Federal Hazard Mitigation Grant
The Maryland Department of Housing and Community Development today announced a $700,000 Community Development Block Grant to Allegany County. The funding will be used to purchase land and relocate residents from a portion of the Garden City Mobile Home Park that lies in the floodplain and had previously flooded as recently as 2014.
