HFA News
MassHousing Closes on $33.1 Million in Financing for the Extension of Affordability and Property Rehabilitation at the 131-Unit Haynes House in Roxbury
MassHousing has closed on a total of $32.8 million in affordable housing financing to the Madison Park Development Corporation (MPDC), for the preservation of affordability and property rehabilitation at the 131-unit Haynes House in Roxbury. The MassHousing refinancing will extend affordability for households with a range of incomes in perpetuity, following the expiration of previous affordability restrictions with the maturation of the property’s former Section 13A mortgage in 2017.
Ribbon Cutting Marks Opening of Affordable Apartments for Families in North Brunswick
A ribbon-cutting ceremony on Tuesday celebrated the opening of North Brunswick Crescent Apartments which provide 184 apartments affordable to working families and were financed in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The $31.8 million project involved the rehabilitation of the former Oak Leaf Village Apartments, a market-rate community of 16 two-story buildings originally built in the early 1970s off Route 27 and How Lane.
New Apartments Affordable to Working Families Open in Asbury Park
The Renaissance at Asbury Park, a new development of 64 apartments affordable to working families and retail space in the Springwood Avenue neighborhood, celebrated its grand opening today as a key part of the area’s continued redevelopment. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, local officials and representatives of The Michaels Organization.
CalHFA Comments on S&P Ratings Upgrade
The California Housing Finance Agency (CalHFA) is pleased to announce that Standard & Poor’s Global Ratings has raised CalHFA's Issuer Credit Rating from 'A+' to 'AA-' with a Stable Outlook. This returns CalHFA’s Issuer Credit Rating to the same level as prior to the collapse of the housing market during the Great Recession and is the third ratings upgrade during the tenure of Tia Boatman Patterson, CalHFA’s Executive Director.
RIHousing Seeks Proposals to Revitalize South Providence’s Barbara Jordan II Apartments
Today, RIHousing announces the release of a Request for Proposals (RFP) for the redevelopment of the Barbara Jordan II apartments. Barbara Jordan II is a housing development in Upper South Providence which includes 26 two- and three-story apartment buildings situated on scattered sites totaling 2.75 acres. The 26 buildings contain a total of 74 apartments, all of which are currently vacant.
New Age-Restricted Affordable Apartments Open in Seaside Heights
Cornerstone at Seaside Heights, a community of new apartments affordable to residents age 55 and older, celebrated its grand opening Wednesday joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials and The Walters Group. The complex was built in part with Superstorm Sandy recovery funding and other financing from NJHMFA.
Ribbon Cutting Marks Opening of Historic New Jersey Bell Building Restoration in Newark
State and local officials, including New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, today celebrated a ribbon-cutting ceremony marking the opening of Walker House, which involved the transformation of the historic New Jersey Bell building into a mixed-use, mixed-income development. The restoration provides 264 apartments, including 53 which are affordable for families earning between 40 and 50 percent of the area median income as well as office and ground-floor retail space.
Applications for Federal Reverse Mortgage Assistance Program Ends This Month
The deadline to accept applications for Florida’s federal Elderly Mortgage Assistance Program (ELMORE) is June 30, 2019. Under the leadership of Executive Director Trey Price, Florida Housing Finance Corporation (Florida Housing) has disbursed 100 percent of the funds for Florida’s Hardest-Hit Fund (HHF) ahead of schedule. Originally scheduled to end in 2020, qualified homeowners who are seniors in Florida may continue to apply for assistance through ELMORE until June 30, 2019.
Iowa Finance Authority Awards Siouxland Habitat for Humanity $50,000 for the Construction of Home in Orange City
The Iowa Finance Authority Board of Directors recently awarded a $50,000 State Housing Trust Fund grant to Siouxland Habitat for Humanity to assist in the construction of a home in Orange City. The funding is made available through the State Housing Trust Fund’s Project-Based Housing program. The program provides financing for the development of affordable single-family and multifamily housing units.
