The deadline to accept applications for Florida’s federal Elderly Mortgage Assistance Program (ELMORE) is June 30, 2019. Under the leadership of Executive Director Trey Price, Florida Housing Finance Corporation (Florida Housing) has disbursed 100 percent of the funds for Florida’s Hardest-Hit Fund (HHF) ahead of schedule. Originally scheduled to end in 2020, qualified homeowners who are seniors in Florida may continue to apply for assistance through ELMORE until June 30, 2019.
Iowa Finance Authority Awards Siouxland Habitat for Humanity $50,000 for the Construction of Home in Orange City
The Iowa Finance Authority Board of Directors recently awarded a $50,000 State Housing Trust Fund grant to Siouxland Habitat for Humanity to assist in the construction of a home in Orange City. The funding is made available through the State Housing Trust Fund’s Project-Based Housing program. The program provides financing for the development of affordable single-family and multifamily housing units.
Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has been awarded $55 million in New Markets Tax Credit (NMTC) allocations. “New Markets Tax Credits have a proven track record of attracting private sector investment to areas that need jobs and an economic spark,” said Governor Wolf.
June is National Homeownership Month and DCHFA is launching into the celebration on June 1st ‘by hosting the Lender ’s Fair. Potential homebuyers will have the opportunity to meet one-on-one with lenders and housing counselors to learn how to purchase a home in the District using DC Open Doors, HPAP and/or the Mortgage Credit Certificate Programs. The event takes place 10:00 a.m. to 2:00 p.m. at DCHFA (815 Florida Avenue NW).
The Washington State Housing Finance Commission has approved a total of $190 million in financing for the new construction or preservation of almost 800 affordable apartments across western Washington. “We’re proud to be part of bridging the affordable housing gap, one apartment at a time, in rural, urban and suburban communities alike,” said Karen Miller, chair of the Housing Finance Commission.
The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $55 million in New Markets Tax Credits (NMTC). The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in NMTC to 73 entities throughout the U.S., with the CGR Fund being the only awardee in Colorado.
A grand opening ceremony was held today for Boulevard West, a new mixed-use building providing 89 apartments affordable to working families along with retail space on a section of the vacant, former New Horizons public housing site. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of The Michaels Organization.
Colorado Housing and Finance Authority (CHFA) is pleased to announce that it will award state Affordable Housing Tax Credits and 4 percent federal Low Income Housing Tax Credits to support the construction or preservation of 1,344 affordable apartments across 12 project sites located in the Denver metro area, northern and southern Front Range, and Western Slope.
Affordability Extended at Lowell Housing Community for Seniors and Disabled Residents Resulting From $7.5 Million in MassHousing Financing
The non-profit Rogers Hall Corporation also plans property renovation at the 61-unit Rogers Hall where affordability will be extended for at least 25 years. Senior citizens and disabled residents living at the 61-unit Rogers Hall in Lowell will have their affordable rents extended for at least 25 years and will see property improvements as a result of $7.5 million in MassHousing affordable housing financing to the non-profit Rogers Hall Corporation.
The California Housing Finance Agency (CalHFA) is pleased to welcome Kate Ferguson as its new Director of Multifamily Programs following her appointment by the CalHFA Board of Directors. Ferguson has more than 30 years of experience in the multifamily lending world, most recently with BBVA Compass’ Affordable Housing division in Denver.