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HFA News
MassHousing Closes on $16.4 Million for the Refinancing and Preservation of Affordability at the 99-Unit Stony Brook Court in Sharon
MassHousing has closed on $16.4 million in affordable housing financing to South Norfolk Elderly Housing Services, Inc. for the preservation and improvement of the 99-unit Stony Brook Court in Sharon. As part of the transaction, affordability protections for senior citizens living at the property will be extended for at least 39 years.
MassHousing Closes on $10 Million for the Refinancing and Extension of Affordability at the 65-Unit Chestnut Gardens Apartments in Lynn
MassHousing has closed on $10 million in affordable housing financing to Preservation of Affordable Housing (POAH), to refinance the 65-unit Chestnut Gardens Apartments in Lynn and extend affordability protections for lower-income senior citizens and residents with disabilities living at the property for at least 25 years.
Governor Hochul Announces Completion of $64 Million Affordable Housing Development in White Plains
Governor Kathy Hochul today announced the completion of a $64 million mixed-use affordable housing development in the city of White Plains. The Overture at Brookfield Commons is the second phase of redevelopment at the Winbrook Houses campus, a 450-unit public housing development constructed in 1949.
Arizona Cities Can’t Reject Projects and Complain About a Lack of Affordable Housing
Arizona made an unprecedented commitment in this year’s budget to increase affordable housing development in our state. The $60 million earmarked for the Arizona Housing Trust Fund, managed by the Arizona Department of Housing, is a first-of-its-kind appropriation aimed at tackling our statewide housing shortage.
MassHousing Closes on $16.8 Million in Financing for the Adaptive Reuse of the Zelma Lacey House in Charlestown for Senior Citizens
MassHousing has closed on $16.8 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative (AHSC) and Peabody Properties, for the redevelopment of a three-story Charlestown property into 48 units of affordable, independent living housing for senior citizens.
Iowa Finance Authority and Iowa Association of REALTORS® Announce Inaugural Iowa Homeownership Incubator Competition
The Iowa Finance Authority (IFA) and the Iowa Association of REALTORS® (IAR) today announced the inaugural Iowa Homeownership Incubator. The Incubator is a challenge to Iowa lending institutions and real estate professionals to think innovatively about advancing financial literacy around homeownership among all Iowans, with the winning idea receiving $20,000 to implement.
Funding Available for the Development of Affordable Housing
South Dakota Housing Development Authority (SDHDA) is inviting developers to submit applications for funding for the development of affordable housing. Funding can be utilized to assist communities in addressing their local housing needs.
Pritzker Administration Awards $12 Million in Rebuild Illinois Funds for Affordable Housing Preservation
Governor JB Pritzker and the Illinois Housing Development Authority (IHDA) Board announced today conditional awards totaling nearly $12 million in Rebuild Illinois funding that will provide critical improvements to 27 affordable housing developments throughout Illinois.
WHEDA Awarded $7.5 Million from Capital Magnet Fund
The U.S. Department of the Treasury's Community Development Financial Institutions Fund has awarded the Wisconsin Housing and Economic Development Authority a Capital Magnet Fund grant of $7.5 million.
Agency Accepting Affordable Housing Development and Assistance Program Applications
North Dakota Housing Finance Agency (NDHFA) is currently accepting applications for affordable rental housing development assistance and funding for homeownership and rental assistance programs for low-income households.
