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HFA News
MassHousing Closes on $4.4 Million in Financing for the Development of the 59-Unit 37 Union Street in Downtown Attleboro for Residents Across a Range of Incomes
MassHousing has closed on $4.4 million in affordable and workforce housing financing for the redevelopment of a vacant, historic jewelry factory in downtown Attleboro into the 59-unit 37 Union Street for residents with a range of incomes. The project was spearheaded by a long-time business owner in downtown Attleboro, Bob Jones. The development team of GAM Realty, LLC, E3 Development, LLC, and Affirmative Investments, Inc., will redevelop three existing brick structures that formerly housed jewelry manufacturers into a 59-unit rental housing community, including 17 workforce housing apartments.
Housing Crisis Averted for Hammond Area Renters
Between approximately September 23-29, 2021, roughly 161 households located in Hammond, LA, received a Notice of Termination of Lease from Rich Smith Development, LLC, a management company and agent for Ridge Estates at Hammond, Villas of Hammond, and Terrace of Hammond I & II.
DCHFA Closes Out Fiscal Year 2021 By Financing Affordable Housing in Wards 6 and 8
The District of Columbia Housing Finance Agency (DCHFA) has closed out Fiscal Year 2021 by issuing more than $53 million in tax exempt bonds for the construction of 182 affordable apartment homes. DCHFA has financed two new construction projects, MDXL Flats and The Clara in Wards 6 and 8, respectively.
RentReliefRI Surpasses $50 Million in Rental and Utility Assistance to Rhode Island Renters
RIHousing announced today that the RentReliefRI program has approved over $50 million in rental and utility assistance funds to almost 4,600 renter households. The federally-funded program serves as a lifeline for struggling Rhode Island renters and provides up to 18 months of rental and utility assistance for tenants impacted by the COVID-19 pandemic.
Maryland Wins National Award for Cecilton Senior Village Project
Last week, at the 50th Annual National Council of State Housing Agencies Conference, the Maryland Department of Housing and Community Development was recognized and won the Special Achievement award. The department’s entry “Partnerships for Responsive Revitalization” featured a six-year undertaking known as the “Cecilton Senior Village” project.
Tax Credits Will Provide Financing for More Than 786 Units of Affordable Housing, Fund Loan Program
The Connecticut Housing Finance Authority has awarded $10.9 million from the State Housing Tax Credit Contribution (HTCC) program to non-profit developers of affordable housing and non-profit housing loan programs in Connecticut (a list of recipients is included below). The recipients offer the tax credits to business firms in exchange for cash contributions toward their affordable housing developments or loan funds.
DCHFA Cuts the Ribbon at The Douglass: A Todd A. Lee Townhome Community in Ward 8
DCHFA and H2 Development have cut the ribbon on eight affordable single-family townhomes in Ward 8’s Anacostia neighborhood. The Douglass: A Todd A. Lee Townhome Community consists of eight modern, affordable homes which were developed under DCHFA’s HIP program. HIP partners with local, emerging developers to create homes priced for workforce incomes, residents earning between 60-120 percent of the area median income (AMI).
Gov. Pritzker Announces $443 Million in Emergency Rental Assistance Disbursed, More Than 90 Percent of State’s Initial Relief Allocation
Governor JB Pritzker and the IHDA today announced that more than $443 million in emergency rental assistance has been paid on behalf of 49,100 households through the ILRPP. With 90 percent of the more than $500 million in available ILRPP funds paid to households in need, Illinois continues to be one of the highest providers of rental assistance in the country in terms of households assisted and dollars disbursed.
More Than 36,000 Michigan Renter Households Helped Through CERA Program
The state has surpassed the 65% obligation threshold set by the U.S. Department of the Treasury for $622 million in rental relief sent to Michigan from the coronavirus aid package passed in December 2020. The Michigan State Housing Development Authority (MSHDA) estimates $425 million has been spent or obligated by the September 30 deadline through its COVID Emergency Rental Assistance (CERA) program.
Idaho Housing and Finance Looks to the Future With eNotes
Technology has changed the way people buy homes and Idaho Housing and Finance is helping lead the way with the introduction of its eNote program. eNote technology allows Idaho Housing to securely accept, purchase and deliver electronic mortgage notes through the Mortgage Electronic Registration System. MERS says use of eNotes grew 261% in 2020.
