HFA News
MassHousing Closes on $22.6 Million in Financing to Create a New 76-Unit Affordable Housing Community on Long-Vacant Property in Mattapan
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan. The Planning Office for Urban Affairs and CICD will utilize the MassHousing financing to transform a long-vacant city-owned parcel into an inclusive new affordable housing community.
WHEDA Seeks Projects for National Housing Trust Funds
The Wisconsin Housing and Economic Development Authority is seeking applications for a total of $1.9 million in National Housing Trust Fund financing targeting housing projects for people with extremely low incomes. Eligible projects include those that received 2019 or 2020 federal 9% or federal and state 4% housing tax credits. The housing trust fund financing is intended to expand the number of units available for households at or below 30% of area median income.
Florida Housing Finance Corporation Honors National Homeownership Month
Florida Housing Finance Corporation (Florida Housing) is proud to celebrate National Homeownership Month showcasing the importance of home. While the structure of people’s homes may not have changed, its meaning has indeed transitioned over the past few months. Home has become a place of comfort, safety, good health, and family.
LHC Releases $13.9 Million in CARES Act Energy Assistance
Today, the Louisiana Housing Corporation announced that $13.9 million in Low-Income Home Energy Assistance Program (LIHEAP) funds are available. The LIHEAP funding, awarded through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, will be used to help families, seniors and people with disabilities pay their energy bills.
MassHousing Closes on $25.25 Million in Financing to Extend Affordability on 82 Housing Units and Make Property Improvements in Roxbury
MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza Trust properties, into a single development entity, make substantial capital improvements to the properties, and extend affordability protections for residents for at least 20 years.
MassHousing Closes $25.6 Million in Financing for the Renovation and Extension of Affordability at Dorchester Housing Community
MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester. Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially rehabilitated in the 1980s.
Louisiana Housing Corporation Announces Partnership with the City of New Orleans and Finance Authority of New Orleans
The Louisiana Housing Corporation (LHC) is pleased to announce its collaboration with the City of New Orleans and Finance Authority of New Orleans (FANO). Through this agreement, which was approved by the New Orleans City Council Thursday, May 2, FANO will have the ability to pair its multifamily revenue bonds with LHC’s non-competitive 4 percent tax credits. These credits provide tax incentives that aim to increase the availability of affordable rental housing.
SC Housing Authorizes $5 Million for COVID-19 Rental Assistance
SC Housing will provide approximately $5 million in emergency rental assistance to South Carolinians facing financial hardships as a result of the COVID-19 health crisis. The program will provide emergency housing assistance on behalf of renters affected by shutdowns, closures, layoffs, reduced work hours or unpaid leave. Eligible households could receive rental assistance of up to $1,500, with payments made directly to landlords or management companies. Relief will be provided as a one-time lump sum toward eligible tenants’ rent payments.
PHFA Invites Applicants for 2021 Housing Policy Fellowship
This fellowship will fund a maximum of 12 months of research on a pressing housing or community development topic. With a monthly stipend of $1,000, the maximum funding available will be $12,000. The financial support can be for a variety of activities supporting the approved research, including interviews with experts, securing resources and study materials, travel for attending relevant conferences and more.
