HFA News
Florida Housing Board Approves $30 Million for Hurricane Michael Impacted Counties
Florida Housing Board of Directors unanimously approved during today’s board meeting $30 million in HOME funds targeted towards counties most impacted by Hurricane Michael. Florida Housing staff is now authorized to proceed with the development of a RFA for HOME Program financing and authorize the Executive Director to establish a review committee for the RFA to make recommendations for award to the board in May 2019.
FHLBank Pittsburgh and PHFA Announce Home4Good Funding Awards
FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency (PHFA) announced today the 2018 Home4Good funding awarded to programs across the state working to reduce homelessness. This year, FHLBank Pittsburgh provided $3 million toward the effort, and PHFA provided $1.5 million, for a total contribution of $4.5 million.
NJHMFA Celebrates Grand Opening of Mixed-Use, Mixed-Income Apartments in Monmouth County Financed by Sandy Recovery Funding
Cove on the Bay, a new mixed-income apartment and retail complex built on a vacant waterfront lot celebrated its grand opening today joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, local officials and representatives of RPM Development Group.
NJHMFA Marks Groundbreaking of Affordable Apartments for Families, Special Needs Residents in Camden County
New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff joined local officials and representatives of developer Project Freedom today for a groundbreaking ceremony marking the start of a new 72-unit affordable apartment complex for families, which will include 18 units for residents with special needs.
MassHousing to Provide $1.5 Million in Workforce Housing Financing for New Rental Housing Community for Working Families on Cape Cod
MassHousing is providing $1.5 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of the Village at Nauset Green by Pennrose, LLC. The MassHousing workforce housing financing will allow the Village at Nauset Green, a new, 65-unit, rental housing community being built on a vacant parcel owned by the Town of Eastham, to be entirely affordable, while serving a broader range of working households than would have been possible otherwise.
DCHFA Closes the Month by Funding Two Developments on the Final Day of November
The District of Columbia Housing Finance Agency (DCHFA) closed out the month of November with the funding of $23.6 million in financing to create and preserve 138 units of affordable housing in the District. On November 30, the Agency issued $5.5 million in bond financing and underwrote $4 million in four percent low income housing tax credits (LIHTC) for Milestone Senior Housing (Ward 7).
RIHousing Bolsters Housing through Community Development Program
RIHousing’s Board of Commissioners last month approved $200,000 in funding for programs to support homeownership, financial counseling and green infrastructure activities. Funded via the agency’s Community Development Program (CDP), awards were made to six programs in Woonsocket, Providence and Pawtucket/Central Falls.
MassHousing closes on $23.6 Million in Tax-Exempt Financing for Newly Built 108-Unit Mixed-Income Apartment Community in Chelmsford
MassHousing has closed on $23.6 million in affordable housing financing to Princeton Properties and Parse Capital. The MassHousing permanent financing supports affordability at the Mill and 3 Apartments, a 108-unit, mixed-income apartment community in Chelmsford.
MassHousing Honors WinnCompanies and NEI General Contracting for Their Use of Minority and Women-Owned Businesses Across Massachusetts
MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018, which created economic opportunities for hundreds of working families across Massachusetts. “Diverse contracting helps create economic opportunity and advance prosperity, while providing a tremendous economic benefit to the employees and families of these businesses,” said MassHousing Executive Director Chrystal Kornegay.
