Colorado Housing and Finance Authority (CHFA) has been awarded a $6 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 38 total recipients nationwide. This is the third CMF award that CHFA has received, bringing the total award amount to more than $19 million, receiving $7.1 million in 2018, and $6 million in 2019.
North Dakota Housing Finance Agency recognized ten of the lending institutions, loan officers and real estate agents who promote its homeownership program as Champions of Affordable Housing. The state agency provides individuals and families, primarily first-time buyers, with low-cost financing, and down payment and closing cost assistance.
Getting More Homes Built Incrementally Focus of March 3 New Hampshire Housing Conference in Manchester
Getting more homes built in New Hampshire communities through incremental development is the focus of New Hampshire Housing’s 2020 Homeownership Conference on Tuesday, March 3 from 8 AM – 12:30 PM at the Manchester Country Club. To develop the different types of housing our state’s residents need, it will take different solutions to create that range. Incremental development via small-scale real estate development projects is one proven tactic.
DCHFA completes its third transaction of February by financing the construction of 1100 Eastern Avenue Apartments, 63 affordable apartments in Ward 7. DCHFA issued $13.9 million in tax exempt bonds and underwrote $9.8 million in low income housing tax credit (LIHTC) equity. “The Deanwood neighborhood is seeing a great deal of development and has become a sought after place to live, especially since being designated an Opportunity Zone.
Hogan Administration Announces $700,000 Community Development Block Grant to Allegany County; Matching $750,000 Federal Hazard Mitigation Grant
The Maryland Department of Housing and Community Development today announced a $700,000 Community Development Block Grant to Allegany County. The funding will be used to purchase land and relocate residents from a portion of the Garden City Mobile Home Park that lies in the floodplain and had previously flooded as recently as 2014.
The Maryland Department of Housing and Community Development today announced that Moody's Investors Service, a major credit rating agency, has upgraded the Maryland Community Development Administration's Residential Revenue Bond Program. The upgrade took place in connection with the $130.75 million 2020 Series A (Non-AMT) and $9.25 million 2020 Series B (AMT) bond issuance.
NJHMFA Opens 2020 Round of Federal 9% Low Income Housing Tax Credits to Help Fund Creation of 1,200 Affordable Apartments
With a goal of boosting affordable housing in areas of high opportunity with access to good schools and transportation, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) today announced its timeline to award $24 million in highly competitive federal 9 percent Low Income Housing Tax Credits (LIHTC) for 2020. The tax credit awards are anticipated to generate about $230 million in private equity and create about 1,200 affordable rental apartments.
The DC Housing Finance Agency is financing the construction of a new community for seniors age 55 or older in Ward 4, the Todd A. Lee Senior Residences at Kennedy Street. DCHFA issued $8.2 million in tax exempt bonds and underwrote $5.6 million in low income housing tax credit (LIHTC) equity for the acquisition and construction of the property in the District’s Brightwood Park neighborhood.
Governor Larry Hogan today participated in a groundbreaking ceremony marking the start of redevelopment of Baltimore's historic Lexington Market, the longest operating public market in America. The governor was joined by Maryland Department of Housing and Community Development Secretary Kenneth C. Holt, Maryland Department of General Services Secretary Ellington Churchill, Jr., city officials, development partners, and local stakeholders.
A groundbreaking today, attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, kicked off construction of 58 affordable apartments for seniors, which is the last phase of the redevelopment of a former public housing site in the city’s Centerville neighborhood. Phase four of The Branches at Centerville will complete the comprehensive revitalization of the site of the former Clement T. Branch Village.