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HFA News

HFA News

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Melanie Walter to Lead New Jersey Housing and Mortgage Finance Agency

Lt. Governor Sheila Oliver, Chair of the New Jersey Housing and Mortgage Finance Agency (NJHMFA), today announced that Melanie R. Walter, DCA Director of the Division of Local Government Services (DLGS) and a former Deputy Attorney General, was appointed as Executive Director by the board at its December 10th meeting. Ms. Walter served as Department of Community Affairs (DCA) Director of the Division of Local Government Services (DLGS) and Local Finance Board Chairwoman for two and half years, first as Acting Director, then under permanent appointment.

LHC Partners with Municipalities to Launch “Housing Heroes” Initiative

In light of the dire need for quality, safe, affordable, and accessible housing following the ongoing 2019 Coronavirus pandemic and Hurricanes Delta, Laura and Zeta the Louisiana Housing Corporation (LHC) and the Department of Housing and Urban Development (HUD) is partnering with state municipalities in activating Louisiana's Housing Heroes Initiative.  Housing Heroes is a statewide initiative that works to identify apartment and rental housing opportunities that are move-in ready or have upcoming availability.

Governor Hogan Announces COVID-19 Relief Grants for Major Tourism-Related Institutions

Governor Larry Hogan today announced the recipients of 32 awards totaling more than $8 million to tourism-related nonprofits through the Maryland Strong Economic Recovery Initiative. The program, administered by the Maryland Department of Housing and Community Development, provides grants up to $500,000 for the state's nonprofit and tourism producing organizations, such as museums, cultural attractions, zoos and aquariums whose mission and work substantially contributes to the economic development and now economic recovery of Maryland communities through visitor-driven activities and programs.

CalHFA Kicks Off National Mortgage Settlement Counseling Program

The California Housing Finance Agency (CalHFA) is pleased to announce the start of the National Mortgage Settlement Counseling Program, offering free housing counseling to help Californians concerned about their housing situation. CalHFA designed and implemented the new program to respond to overwhelming need as COVID-19 and the related economic disruption have exacerbated an already precarious housing situation for millions of California families.

Minnesota Housing Announces $195 Million to Advance Housing Across the State

Governor Tim Walz, Lieutenant Governor Peggy Flanagan and Minnesota Housing Commissioner Jennifer Leimaile Ho announced in an online presentation today that the Minnesota Housing board of directors approved staff recommendations of $195 million to create and preserve 2,387 homes throughout the state, including rental units and single-family homes. Full details on all of the selected and advancing developments, including maps and videos, are available online at www.mnhousing.gov/sites/np/2020selections.

State Agencies Offer Tips to Homeowners Before Some Federal Mortgage Relief Ends

The Pennsylvania Department of Banking and Securities (DoBS) and Pennsylvania Housing Finance Agency (PHFA) are urging homeowners struggling to pay their mortgages to take advantage of options to lower or pause payments before some federal protections end on Dec. 31, 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows borrowers with a federally backed mortgage to request forbearance to defer or lower their payments for up to 180 days if they have been directly or indirectly affected by COVID-19. The CARES Act also prohibits negative credit score reporting for homeowners using this forbearance option.

MassHousing Closes on $26.4 Million in Financing for the Refinancing and Substantial Renovation of the 248-Unit Powdermill Village in Westfield

MassHousing has closed on $26.4 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc., to support the refinancing and major rehabilitation of the 248-unit Powdermill Village in Westfield. Powdermill Village was constructed in the 1970s and was last renovated in 2000. AHSC has planned more than $28 million in improvements to substantially rehabilitate the 12 two- and three-story buildings at the property, including one building that was partially destroyed by a fire in April 2018.

Florida Housing’s Coronavirus Relief Fund Program Set to Conclude on December 30

On December 30, 2020, the Florida Housing Finance Corporation (Florida Housing) is set to close the Coronavirus Relief Fund (CRF) program. With over $200 million committed, this initiative was launched in July 2020 to assist Floridians impacted by the COVID-19 pandemic. Through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), these funds are directed to assist residents living in Florida Housing’s multifamily and special needs developments, as well as Florida residents needing mortgage and rental assistance as a result of the pandemic.  

Agency Makes Affordable Housing Funding Commitments

The North Dakota Industrial Commission (Commission) announced today that six projects have received funding commitments from the North Dakota Housing Finance Agency (NDHFA) to support the construction or rehabilitation of more than 200 affordable housing units. During its most recent funding round, NDHFA allocated $3.25 million in federal tax credit authority through the Low Income Housing Tax Credit (LIHTC) program. When syndicated, the credits will generate approximately $29 million in project equity. NDHFA also awarded $2.76 million through the National Housing Trust Fund (HTF).

Secretary Holt Announces Owen McEvoy as New Deputy Secretary at the Maryland Department of Housing and Community Development

Maryland Department of Housing and Community Development (DHCD) Secretary Kenneth C. Holt today announced that Owen McEvoy will serve as Deputy Secretary for the Department. Prior to his current role, McEvoy served as DHCD's Director of Public Information where he managed a team of marketing, communications, outreach, business development and customer service professionals. During his tenure, he directed a series of business development and marketing campaigns that have enabled the Maryland Mortgage Program to achieve more than $1 billion in mortgage reservations.