HFA News
Hogan Administration Announces First State Housing Finance Bond Rating Upgrade in 40 Years
The Maryland Department of Housing and Community Development today announced that Moody's Investors Service, a major credit rating agency, has upgraded the Maryland Community Development Administration's Residential Revenue Bond Program. The upgrade took place in connection with the $130.75 million 2020 Series A (Non-AMT) and $9.25 million 2020 Series B (AMT) bond issuance.
NJHMFA Opens 2020 Round of Federal 9% Low Income Housing Tax Credits to Help Fund Creation of 1,200 Affordable Apartments
With a goal of boosting affordable housing in areas of high opportunity with access to good schools and transportation, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) today announced its timeline to award $24 million in highly competitive federal 9 percent Low Income Housing Tax Credits (LIHTC) for 2020. The tax credit awards are anticipated to generate about $230 million in private equity and create about 1,200 affordable rental apartments.
DCHFA Finances Affordable Senior Community Named After Todd A. Lee
The DC Housing Finance Agency is financing the construction of a new community for seniors age 55 or older in Ward 4, the Todd A. Lee Senior Residences at Kennedy Street. DCHFA issued $8.2 million in tax exempt bonds and underwrote $5.6 million in low income housing tax credit (LIHTC) equity for the acquisition and construction of the property in the District’s Brightwood Park neighborhood.
Video Release: Governor Hogan Celebrates Groundbreaking for Lexington Market Redevelopment
Governor Larry Hogan today participated in a groundbreaking ceremony marking the start of redevelopment of Baltimore's historic Lexington Market, the longest operating public market in America. The governor was joined by Maryland Department of Housing and Community Development Secretary Kenneth C. Holt, Maryland Department of General Services Secretary Ellington Churchill, Jr., city officials, development partners, and local stakeholders.
NJHMFA Helps Kick Off Final Phase of Redevelopment in Camden
A groundbreaking today, attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, kicked off construction of 58 affordable apartments for seniors, which is the last phase of the redevelopment of a former public housing site in the city’s Centerville neighborhood. Phase four of The Branches at Centerville will complete the comprehensive revitalization of the site of the former Clement T. Branch Village.
Florida Housing Finance Corporation Celebrates 40 Year Anniversary
Florida Housing Finance Corporation (Florida Housing) is celebrating four decades of service as an outstanding provider of innovative, timely solutions that assist Floridians with their housing needs. As the state’s housing finance agency (HFA), Florida Housing partners with developers, lenders and nonprofits across the state to finance affordable housing properties, specifically tailored to demographics such as senior citizens, families, veterans, homeless and persons with disabilities.
RIHousing Names James Comer as Deputy Executive Director
RIHousing today announced that James Comer has joined the agency in the position of Deputy Executive Director. Comer has extensive experience in strategic planning, property management and affordable housing finance. He most recently served as Executive Director of Women’s Development Corporation (WDC), a Rhode Island-based community development corporation.
Governor Hogan Announces Record Milestone of $1 Billion in Mortgages Through Maryland Mortgage Program in 2019
Governor Larry Hogan today announced that the Maryland Department of Housing and Community Development's Maryland Mortgage Program reached a record $1 billion in reservations for the program in 2019, representing more than 4,000 homebuyers. This is a 12-month period high for the history of the program.
PHFA’s Board Names New Executive Director and CEO
The Pennsylvania Housing Finance Agency’s board of directors today announced that Robin Wiessmann is the new executive director and CEO at the agency. She started in her position at PHFA today. PHFA is a state-affiliated agency that works to expand affordable housing options for Pennsylvanians. It has a staff of 322 who manage a variety of statewide housing initiatives.
