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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.

Governor Wolf Announces New Markets Tax Credits for Low-Income, Rural Communities

Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has been awarded $55 million in New Markets Tax Credit (NMTC) allocations. “New Markets Tax Credits have a proven track record of attracting private sector investment to areas that need jobs and an economic spark,” said Governor Wolf.

DCHFA Kicks-off Homeownership Month with the Lender’s Fair and Homebuyer Incentives

June is National Homeownership Month and DCHFA is launching into the celebration on June 1st ‘by hosting the Lender ’s Fair. Potential homebuyers will have the opportunity to meet one-on-one with lenders and housing counselors to learn how to purchase a home in the District using DC Open Doors, HPAP and/or the Mortgage Credit Certificate Programs. The event takes place 10:00 a.m. to 2:00 p.m. at DCHFA (815 Florida Avenue NW).

New Financing to Create, Preserve 773 Affordable Homes

The Washington State Housing Finance Commission has approved a total of $190 million in financing for the new construction or preservation of almost 800 affordable apartments across western Washington. “We’re proud to be part of bridging the affordable housing gap, one apartment at a time, in rural, urban and suburban communities alike,” said Karen Miller, chair of the Housing Finance Commission.

$55 Million in New Markets Tax Credits Awarded to Support Community Development

The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $55 million in New Markets Tax Credits (NMTC). The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in NMTC to 73 entities throughout the U.S., with the CGR Fund being the only awardee in Colorado.

New Affordable Apartments, Retail Complex Opens In Newark

A grand opening ceremony was held today for Boulevard West, a new mixed-use building providing 89 apartments affordable to working families along with retail space on a section of the vacant, former New Horizons public housing site. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of The Michaels Organization.

CHFA Announces 2019 Round One Low Income Housing Tax Credit Awards

Colorado Housing and Finance Authority (CHFA) is pleased to announce that it will award state Affordable Housing Tax Credits and 4 percent federal Low Income Housing Tax Credits to support the construction or preservation of 1,344 affordable apartments across 12 project sites located in the Denver metro area, northern and southern Front Range, and Western Slope.

Affordability Extended at Lowell Housing Community for Seniors and Disabled Residents Resulting From $7.5 Million in MassHousing Financing

The non-profit Rogers Hall Corporation also plans property renovation at the 61-unit Rogers Hall where affordability will be extended for at least 25 years. Senior citizens and disabled residents living at the 61-unit Rogers Hall in Lowell will have their affordable rents extended for at least 25 years and will see property improvements as a result of $7.5 million in MassHousing affordable housing financing to the non-profit Rogers Hall Corporation.

California Housing Finance Agency Welcomes New Director of Multifamily Programs Kate Ferguson

The California Housing Finance Agency (CalHFA) is pleased to welcome Kate Ferguson as its new Director of Multifamily Programs following her appointment by the CalHFA Board of Directors. Ferguson has more than 30 years of experience in the multifamily lending world, most recently with BBVA Compass’ Affordable Housing division in Denver.

NJHMFA Celebrates Ribbon Cutting for Supportive Housing in Somerset County

A ribbon-cutting ceremony marked the opening this week of the New Amwell Group Home, which will provide homes for four residents with intellectual and developmental disabilities to live in the community and helps fulfill the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) mission to provide stable, affordable supportive housing.

Groundbreaking Kicks Off Start of Affordable Apartments for Families in Union County

The Station at Grant Avenue, which will provide apartments affordable to families and is part of an effort to bring significant new development to Plainfield, broke ground Wednesday for a $29.3 million project financed in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and Superstorm Sandy recovery funding.

MassHousing Closes on $35.8 Million in Financing for the Redevelopment of the Former Worcester County Courthouse in Downtown Worcester into a 117-Unit Affordable Housing Community

MassHousing has closed on $35.8 million in affordable housing financing to Trinity Financial, for the redevelopment of the former Worcester County Courthouse in downtown Worcester. The MassHousing financing will allow Trinity Financial to redevelop the former courthouse into 117 apartments for households across a wide range of incomes, including 45 workforce housing units.