HFA News
DCHFA Finances Scattered Site Development in Wards 5 and 8
DCHFA is financing the rehabilitation of two properties, Hanover Courts and Tivoli Gardens, with the issuance of $16.9 million in tax exempt bonds. The properties in Wards 8 and 5, respectively, will become one scattered site development, HanTiv. The Agency underwrote $10.8 million in low income housing tax credit (LIHTC) equity for the developments.
PHFA’s Executive Director Announces His Retirement
Brian A. Hudson Sr. today announced his retirement after 45 years of working at the Pennsylvania Housing Finance Agency. For the past 16 years, he has served as PHFA’s executive director and CEO, expanding the agency’s programs to better serve the housing needs of Pennsylvanians. Hudson is well known statewide and nationally as a leader in the housing field. His last day at the agency will be Feb. 7, 2020.
Responding to Homebuyer Habits Online Are Priorities for Alaska Housing Finance Corporation
Buying a home in Alaska will be less complicated with modernized names for Alaska Housing Finance Corporation loans and free online resources that provide how-to information about budgeting for a future mortgage and home features that save money. While the purchase transaction of the past almost entirely relied on the relationship of the buyer with their lender, Alaska’s borrowers are better informed online shoppers today and thus, more empowered to ask questions of their lender about which loan is best for their circumstances.
Louisiana Receives $18 Million to Provide Support to People Experiencing Homelessness
This month the United States Department of Housing and Urban Development (HUD) awarded nearly $18 million to the Louisiana Balance of State Continuum of Care (the CoC) to fund essential housing and supportive services to people experiencing homelessness. This amount includes more than $1.5 million in new funding, which will increase the CoC’s annual permanent housing capacity by nearly 150 households.
Albert Tripp Named to Housing Finance Commission
Governor Jay Inslee has named Albert Tripp, city manager of Airway Heights, to the Washington State Housing Finance Commission. Tripp will start his four-year term on the Commission immediately. “Mr. Tripp’s leadership experience, especially given the housing and growth challenges he has faced in his city, will be an enormous asset to the Commission,” said Karen Miller, chair of the Housing Finance Commission.
WHEDA Issues $140 Million Housing Revenue Bond
The Wisconsin Housing and Economic Development Authority (WHEDA) has issued a $140 million Housing Revenue Bond to finance rental housing developments currently in its loan closing pipeline. The bond issuance is expected to help finance 12 developments that will provide 931 units of affordable and workforce rental housing throughout Wisconsin.
Statewide Demand for Affordable Housing Tax Credits Outstrips Federal Allocation
For the 2020 tax credit award cycle, the Wisconsin Housing and Economic Development Authority (WHEDA) has received applications from 46 developers seeking $35.9 million in federal 9% affordable housing tax credits to build some 2,209 rental units. Based on Wisconsin’s population, WHEDA received approximately $16 million in federal 9% housing tax credits for the 2019 award cycle. WHEDA does not anticipate a significant increase in that amount for the 2020 award cycle.
WHEDA CEO Altoro Gains National Honors With Two New Advisory Roles
Joaquín Altoro, chief executive officer of the Wisconsin Housing and Economic Development Authority, has gained two national honors with election to the board of directors of the National Council of State Housing Agencies and an appointment to the Community Investment Advisory Council of the Federal Home Loan Bank of Chicago.
Maryland Department of Housing and Community Development Releases Fiscal Year 2019 Annual Report
The Maryland Department of Housing and Community Development (DHCD) today released its Fiscal Year 2019 Annual Report. The department generated an economic impact of nearly $4 billion for the state, including $72 million in state and local taxes. Approximately 18,300 full-time equivalent jobs with $951 million in wages and salaries were created by Housing and Community Development's projects and activities.
