HFA News
Affordable Family Housing Community in Worcester Will See Extension of Affordability, Renovations from $11.8 Million in MassHousing Financing
MassHousing has closed on $11.8 million in affordable housing financing to the non-profit Homeowners Rehab, Inc. (HRI), to modernize the 70-unit Matheson Apartments in Worcester. HRI has renewed the expiring affordability restrictions at the property with the goal of preserving its affordability for the long term.
Leominster Housing Community Will Have Affordability Extended, Substantial Renovations With $15 Million in MassHousing Financing
MassHousing has provided a total of $15 million in affordable housing financing to an affiliate of Farragut Investments Inc., to undertake substantial property improvements at the 181-unit Whitney Carriage Park apartments in Leominster. As part of the MassHousing financing, the affordability of the 45 affordable rental homes at Whitney Carriage Park will be preserved in perpetuity.
DSHA and FHLBank Pittsburgh Announce Home4Good Funding Awards
Delaware State Housing Authority (DSHA) and Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) announced today $1.2 million in Home4Good funding awarded to programs across the state working to reduce homelessness. DSHA provided $500,000 toward the effort, and FHLBank Pittsburgh provided $700,000. The funding will be used to address four key areas: homelessness prevention, homelessness diversion, rapid re-housing and innovation.
Affordable, Senior-Friendly Apartments Open Downtown
Southhill Properties LLC, is celebrating the completion of Harper Heights on Wednesday, Nov. 13, from 10 a.m. to Noon. The affordable, senior-friendly property is in downtown West Fargo, an area targeted by the community for redevelopment. The Open House will include a ribbon cutting followed by a short program and tours of the property. “Affordable housing for seniors with limited incomes is a welcome resource,” said West Fargo Mayor Bernie Dardis.
New Financing to Build 807 Affordable Apartments in King County
The Washington State Housing Finance Commission has approved bonds and housing tax credits that will build more than 800 new affordable apartments for individuals, families, persons with disabilities, and seniors in Seattle, Auburn and Redmond. “This financing will help provide people in our communities with a safe, secure place to live,” said Karen Miller, chair of the Housing Finance Commission.
Louisiana Housing Corporation Launches New Program to Assist First-Time Homebuyers in Areas Affected by 2016 Floods
The Louisiana Housing Corporation launched a new soft second mortgage assistance initiative to assist first-time homebuyers in areas affected by 2016 floods. The Resilience Soft Second Program is designed to cover the affordability gap between the maximum amount that a homebuyer can afford and the purchase price of a home. Qualified first-time homebuyers in 51 flood-impacted parishes can get up to $60,000 toward purchasing a home, along with closing-cost assistance.
Louisiana Housing Corporation Releases $9.5 Million For the Rehabilitation or Development of Rental Properties In Areas Impacted By the 2016 Floods
Today, the Louisiana Housing Corporation released a $9.5 million Notice of Funding Availability (NOFA) to address the unmet needs of low- to moderate- income renters affected by the Great Floods of 2016, by providing affordable and quality rental housing units. Through the Neighborhood Landlord Rental Program Phase II (NLRP II), eligible property owners could receive up funds to rehabilitate existing properties or create new affordable housing units.
California Housing Finance Agency Reporting Wins Awards for Excellence
The Government Finance Officers Association of the United States and Canada has awarded its highest forms of recognition to the California Housing Finance Agency (CalHFA). For the second consecutive year, CalHFA earned a pair of Certificates of Achievement for Excellence in Financial Reporting for its 2017-2018 Comprehensive and Popular Annual Financial Reports, which lay out CalHFA’s financial status in rigorous, yet accessible detail.
Ormand Elected President of the National Conference of State Housing Boards
Columbia, SC attorney and South Carolina State Housing Finance and Development Authority (SC Housing) Commissioner Kenneth E. Ormand, Jr. has been elected President of the National Conference of State Housing Boards (NCSHB). NCSHB provides educational and training opportunities for state housing finance authority board members to help them govern their agencies most effectively.
