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HFA News

HFA News

PA Renters and Homeowners Reminded That Applications for CARES Financial Assistance Will be Available June 29

Renters and homeowners who were financially impacted by the economic slowdown related to the coronavirus pandemic will be able to access applications for rent and mortgage relief starting June 29. The applications will be available by clicking on a red CARES banner on the Pennsylvania Housing Finance Agency’s website at www.PHFA.org. The red banner is already live on the site advising people of the date applications will be available.

Florida Housing Applauds Governor DeSantis’ Allocation of Federal Relief Dollars to Help Households Impacted by COVID-19

Today, Governor Ron DeSantis announced he will be awarding the Florida Housing Finance Corporation (Florida Housing) $250 million from the Coronavirus Aid, Relief and Economic Security (CARES) Act relief funding to assist with administering housing assistance and resources for households in Florida impacted by the pandemic. “Florida Housing is grateful for the Governor’s strong support of housing and the programs proposed to give renters and homeowners impacted by COVID-19 the relief they desperately need,” said Trey Price, Executive Director of Florida Housing Finance Corporation.

ALaska Housing Relief Deadline Nears

Alaskans who lost income have about 48-hours left to apply for up to $1,200 in mortgage and rent relief that was made possible through the federal CARES Act responding to COVID-19 hardship. AlaskaHousingRelief.org accepts applications until 11:59 p.m. on Friday, June 26, 2020. Each household represents an average of 2.83 members, totaling 14,383 individuals applying for relief. Based on applicants’ self-reporting, their average annual income loss is $21,992 per household with an average monthly housing payment of $1,417 for homeowners or $1,104 for renters.

CalHFA’s Mixed-Income Program Reaches the Missing Middle with Lower Total Development Cost per Unit

The California Housing Finance Agency has released an analysis of its Mixed-Income Program (MIP), which was launched in 2019 and expanded with additional state resources in 2020. MIP is especially novel in California where there is no other state rental housing program that provides subsidy for people making above 60% of the area median income, a group that is often called the “Missing Middle.”

$16.7 Million Dividends for Wisconsin Plan Equals Impact

A $16.7 million plan focused on affordable housing and economic development gained final approval from the Wisconsin Housing and Economic Development Authority (WHEDA) board on June 17, as members directed spending toward a rural affordable workforce housing pilot, financing for underserved markets and small business lending. On June 16, WHEDA’s amended 2019-20 Dividends for Wisconsin Plan gained approval from the Joint Committee on Finance.

Applications for CARES Financial Assistance for Renters and Homeowners Will Be Available June 29; Application Submissions Can Begin July 6

Renters and homeowners who were financially impacted by the economic slowdown related to the coronavirus pandemic will be able to access applications for rent and mortgage relief starting June 29. At that time, applications will be easily accessible from a red banner on the Pennsylvania Housing Finance Agency’s website at www.PHFA.org. PHFA is administering both programs. PHFA is currently identifying organizations in all 67 counties to help it process the large number of rent relief applications anticipated.

State of Maryland Designates Four New Sustainable Communities

Three Eastern Shore communities and one town in Western Maryland have been named Maryland's newest Sustainable Communities. With this designation, there are now 121 Sustainable Communities in the state. The program provides local governments with a revitalization "toolbox" of state resources including programs, loans, grants and tax credits that can support brick and mortar community projects, small business development, job creation, and tourism.

CHFA Awarded $453,000 for Housing Counseling

Colorado Housing and Finance Authority (CHFA) has been awarded a $453,026 grant to support housing counseling agencies located throughout Colorado. “For Coloradans who need help navigating affordable housing options or maintaining successful homeownership, HUD-approved housing counselors offer such guidance. This counseling service is a key resource to facilitate housing stability in our communities,” said Cris White, CHFA executive director and CEO.

WHEDA Offers Webinars for First-Time Homebuyers

From assessments to budgets to closing costs, free webinars offered by the Wisconsin Housing and Economic Development Authority will walk prospective buyers through the ABCs of purchasing a home. With interest rates continuing at historic lows, WHEDA’s low-cost mortgages and down payment assistance are among the tools that make it possible for qualified homebuyers to save money each month compared to what they pay in rent.

MassHousing Closes on $25.2 Million in Financing for New, Mixed-Income and Workforce Housing Community in Downtown Lowell

MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District, while creating new housing for households across a broad range of incomes, including 54 new workforce housing units.