CHFA’s New Strategic Plan Will Lead to Greater Access to Affordable Housing for Low- and Moderate-Income Families
The Board of Directors of the Connecticut Housing Finance Authority (CHFA) has approved a three-year strategic plan that will guide the quasi-public agency in addressing the State’s housing priorities. The plan, which was created with input from scores of external stakeholders and board members, serves as a roadmap for CHFA, charting the way to creating greater opportunity for low- and moderate-income state residents to access safe, secure, affordable housing. CHFA worked with Leadership Greater Hartford to coalesce the various perspectives garnered from stakeholders into goals for implementation.
DSHA’s Eviction Defense, COVID-19 Rental Assistance, and Homes for Grads Programs Win National Awards
DSHA received national recognition for three of its newest programs when they were honored with a 2020 Annual Award for Program Excellence during the NCSHA annual conference. DSHA received the most awards of any state housing authority in the country. The conference was held virtually this year due to COVID-19 restrictions. The awards recognized the success of DSHA’s Eviction Defense Program, COVID-19 rental assistance program, and Homes for Grads.
Reynolds Announces Additional Support for COVID-19-Impacted Renters and Homeowners at Risk of Eviction or Foreclosure
Governor Reynolds today announced an additional allocation of CARES Act funds to support Iowa renters and homeowners at-risk of eviction or foreclosure due to a COVID-19-related loss of income. The Iowa Eviction and Foreclosure Prevention program has now been allocated a total of $37.4 million, with approximately $8 million remaining available. The deadline to apply for rent and mortgage assistance as well as utility assistance through the Iowa Residential Utility Disruption Prevention program is Dec. 4, 2020.
LHC's Board of Directors approved $245 million to develop 769 affordable rental units across five Louisiana parishes. This multi-million dollar investment represents a combination of LHC's Low-Income Housing Tax Credits (LIHTC) and Multi-family Revenue Bonds (MRBs) and Community Development Block Grant (CDBG) funds administered by the State of Louisiana, Office of Community Development. The approved developments represent a mix of new construction and preservation projects that aim to assist working families, households with children, seniors, and people with disabilities.
South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners today awarded more than $12 million to assist South Dakotans with newly constructed multifamily housing, single family housing, homebuyer assistance, homeowner rehabilitation, and homelessness prevention. The developments will receive $3.7 million in Housing Tax Credits, $4.6 million in HOME Investment Partnership Program funds, $1.5 million in Housing Opportunity Funds and $2.4 million in Housing Trust Funds.
Christopher Norwood of Portsmouth and Anthony Poore of Concord were recently appointed to the New Hampshire Housing Finance Authority’s Board of Directors by Governor Chris Sununu. Norwood is the president of NAI Norwood Group where his primary focus is commercial real estate sales. A Certified Commercial Investment Member (CCIM), Norwood is also on the board of the New Hampshire Association of REALTORS. Poore is the executive director of New Hampshire Humanities, and has held a number of positions in the economic development sector addressing the needs of urban and rural communities.
MassHousing, Preservation of Affordable Housing (POAH), and City of Boston Announce Closing of $36.5 Million in Financing for the Loop at Mattapan Station, a New Transit-Oriented, Mixed-Income Housing Community
MassHousing, the non-profit Preservation of Affordable Housing (POAH), and the City of Boston announced today the closing of $36.5 million in MassHousing affordable housing financing for the development of the 135-unit The Loop Mattapan Station, a new affordable and workforce housing community in Mattapan Square. POAH is developing the Loop at Mattapan Station on an underutilized MBTA parking lot adjacent to the Mattapan trolley line station. The 135 apartment homes and 10,000 square feet of first-floor retail space will be contained in a six-story building and constructed using the latest passive house energy efficiency standards.
The Connecticut Housing Finance Authority (CHFA) is revising its popular Downpayment Assistance Program (DAP) to make it easier for first-time borrowers with low- and moderate-incomes to achieve the dream of homeownership. One of the greatest obstacles faced by first-time homebuyers is saving enough money to cover down payment and closing costs.“CHFA DAP loans have made the difference for thousands of people who did not think they could afford to buy a home because they lacked the money for a down payment,” said Nandini Natarajan, Chief Executive Officer-Executive Director of CHFA.
Florida Housing Announces Up to $40 Million More for Affected Homeowners and Renters from the Coronavirus Relief Fund
The Florida Housing Finance Corporation (Florida Housing) is announcing additional resources for rental and homeowner assistance programs for Floridians that have been impacted by COVID-19. Up to $40 million is available to local governments to continue assisting impacted households in their area. In July, Governor DeSantis allocated $250 million of the state’s Coronavirus Relief Fund (CRF) to be used for rental and homeowner assistance programs. Initially, Florida Housing committed $120 million to strategically address rental and mortgage assistance programs through local government housing and SHIP offices.
After four months of administering CARES financial assistance for renters and homeowners, the Pennsylvania Housing Finance Agency is providing data about the performance of both programs, which started accepting applications on July 6. Both programs were extended by an executive order from Governor Tom Wolf on Oct. 5; the programs stopped accepting applications on Nov. 4. For the CARES Rent Relief Program (RRP), all 67 participating county organizations are asked to provide monthly data summaries, and the data from October are now available.