HFA News
MassHousing Closes on $45.7 Million in Financing for the Acquisition and Rehabilitation of 201-Unit Affordable Housing Portfolio in Roxbury and Dorchester
MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, from the estate of Lorenzo Pitts.
NJHMFA Awards $28M In Federal Tax Credits To Expand Affordable Housing for Families, Seniors, Special Needs Residents
A mixed-income development in Jersey City, affordable apartments for families in Trenton, a senior community in Wall and supportive housing in Glassboro were among the 22 developments awarded over $28 million in the highly competitive federal 9 percent Low Income Housing Tax Credit program (LIHTC) by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to expand affordable housing statewide.
NJHMFA Marks Grand Opening of Affordable Housing for Veterans, Families in Gloucester County
A new community of affordable rental apartments for veterans and families celebrated its official grand opening today joined by Lieutenant Governor Sheila Y. Oliver, New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, Senate President Stephen M. Sweeney, local officials, and representatives from Conifer Realty LLC and the People for People Foundation.
Supportive Senior Housing Projects Awarded Development Assistance
NDHFA awarded a total of $3.39 million in federal tax credit authority to the projects through the Low Income Housing Tax Credit (LIHTC) program which will generate more than $30 million in equity. The Agency also awarded $2.8 million from the National Housing Trust Fund (HTF) and $1.6 million from the state’s Housing Incentive Fund (HIF).
Over 400 Housing Professionals Came Together this Week to Discuss Strategies to Promote Stable, Affordable Housing
Over 400 housing professionals from across Vermont came together this week at the Hilton Burlington to discuss strategies to promote stable, affordable housing. The high level of attendance at the conference reflected the concern that many Vermont communities feel over the increasing cost of housing in their communities.
MassHousing Honors Residential Mortgage Services and Boston’s Department of Neighborhood Development for Their Commitment to Affordable Homeownership
MassHousing recognized RMS for its success originating MassHousing home mortgage loans in the Commonwealth’s 26 Gateway Cities. In fiscal year 2018, RMS helped more Massachusetts homebuyers purchase a home in a Gateway City than any other partner in MassHousing’s lender network. In FY18, RMS originated 156 home loans in the Gateway Cities, for $31.1 million in total financing. Overall in FY18, RMS originated 316 MassHousing loans in Massachusetts, for $67 million in mortgage financing.
PHFA Recognizes State’s Housing Counselors for Helping Consumers
PHFA recognized the work of the state’s private sector housing counselors today during an event at the Harrisburg Hilton. These counselors help PHFA achieve its housing mission by assisting state residents with questions about homeownership, home foreclosure, budgeting and their personal credit score so they can make better informed housing decisions. Most recently, some counseling agencies have also started providing money management education, as well.
Kim Herman Inducted into National Affordable Housing Hall of Fame
Today, Kim Herman, executive director of the Washington State Housing Finance Commission, will be inducted into the national Affordable Housing Hall of Fame. The recognition by Affordable Housing Finance magazine will be presented today in a ceremony at the Affordable Housing Developers Summit in Chicago, Ill. Each year, AHF honors four leaders who have made a notable difference in the lives of low-income Americans.
Iowa Finance Authority Awards $2.7 Million to Build Permanent Supportive Housing for Addiction Recovery Center in Dubuque
The Iowa Finance Authority Board of Directors recently awarded $2.7 million to nonprofit Manasseh House/Operation Empower to fund the construction of Liberty Recovery Community, an addiction recovery center with permanent supportive housing in Dubuque. The funding was made available through the National Housing Trust Fund program.
