HFA News
WHEDA Seeks Public Comment on Tax Credit Distribution Plan
The Wisconsin Housing and Economic Development Authority is seeking public comment on proposed changes to its tax credit distribution plan, including changes that would increase the positive economic, social and environmental impact of affordable housing projects while improving the competitiveness of rural developments.
Florida Housing Finance Corporation Urges Property Owners to Suspend Rent Increases During COVID-19 Pandemic
Today, Trey Price, the Executive Director of the Florida Housing Finance Corporation (Florida Housing), strongly urged property owners and managers of properties funded by Florida Housing to suspend rent increases during the COVID-19 pandemic. “As Floridians grapple with the COVID-19 public health emergency, the last thing they need is for landlords to increase rental payments,” said Trey Price, Executive Director of Florida Housing Finance Corporation.
DSHA Announces $9 Million in Funding Available for Downtown Development District Project Rebates
Delaware State Housing Authority (DSHA) is accepting applications through June 1 for large project rebate reservations through the Downtown Development Districts (DDD) program. Investors who make qualified real property investments in one of 12 designated districts can apply for a rebate of up to 20 percent of eligible costs. The designated districts are: Clayton, Delaware City, Dover, Georgetown, Harrington, Laurel, Middletown, Milford, the City of New Castle, Seaford, Smyrna and Wilmington.
MassHousing Surpasses $1 Billion in Multifamily Accelerated Processing (MAP) Lending, Preserving More Than 7,400 Affordable Rental Housing Units for Massachusetts Residents
MassHousing has surpassed $1 billion in lending through the MAP program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents. Since MassHousing began executing MAP transactions, the Agency has consistently ranked among the nation’s larger MAP lenders and has built the largest MAP lending program of any state housing finance agency.
Top Loan Officers and Lenders Recognized by NHHFA for Outstanding Efforts in Assisting Homebuyers
Lenders and loan originators were recently recognized by New Hampshire Housing for helping 2,000 homebuyers find affordable homes and loans last year. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through New Hampshire Housing programs in 2019.
Funding Available Through the CARES Act for Nonprofits and Units of Local Government to Provide Emergency Shelter and Homelessness Prevention
Per the CARES Act, South Dakota has initially received an allocation of $2,199,893 of special ESG program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) among individuals and families who are homeless or receiving homeless assistance; and to support additional homeless assistance and homelessness prevention activities to mitigate the impacts of COVID-19.
DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments. “At DCHFA we are equally focused on preserving and modernizing existing affordable housing while also creating new units of affordable housing.
Florida Housing Finance Corporation Successfully Offers Assistance to Homeless Schoolchildren in Santa Rosa County
Florida Housing Finance Corporation (Florida Housing) has recently released its findings from a pilot program conducted in Santa Rosa County looking at the significant need for affordable, permanent housing options for homeless families with school-aged children. The state of Florida currently has more than 96,208 homeless schoolchildren, and in many cases, a lack of stable housing prevents these children from attending school on a consistent basis.
VHFA Awards Federal Tax Credits for Future Construction of Affordable Apartments Statewide
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal housing tax credits will support the development of 130 permanently affordable apartments in five communities across the state. “Despite the unique circumstances caused by the coronavirus outbreak, it was very important for VHFA to move ahead with the tax credit allocation,” remarked VHFA Executive Director Maura Collins.
