Today, the Louisiana Housing Corporation’s (LHC) Board of Directors unanimously approved $106 million in Piggyback Resilient Mixed-Income (PRIME) funding. The move substantially addresses the needs of Louisiana’s low-to-moderate income renters who were greatly affected by the March and April floods of 2016. PRIME funding is utilized to develop resilient and sustainable multifamily properties in areas impacted by the floods.
Brandon Dettlaff has been selected as North Dakota Housing Finance Agency’s (NDHFA) new homeownership division director. An NDHFA employee for 13 years, Dettlaff previously served as the agency’s servicing coordinator, managing the staff that supports the needs of the agency’s more than 11,000 borrowers. “Brandon did a great job as the homeownership division’s servicing coordinator,” said Dave Flohr, NDHFA executive director.
Until the recent COVID-19 restrictions, the number of Vermont homes used as short-term rentals has ticked up each year, according to a recent analysis by Vermont Housing Finance Agency. In a typical month last year, about 8,000 homes were listed as short-term rentals across the state. Largely located in towns located near Vermont ski areas, homes rented for short-term stays comprise about 2.5% of the state’s total housing stock.
In 2006, The South Carolina State Housing Finance and Development Authority (SC Housing) created Palmetto Heroes to help bring homeownership within reach for some of the most courageous and dedicated community servants in our state. This year, the program is expanding to recognize and assist additional essential workers who have stepped up to keep our state running during the COVID-19 pandemic.
The Louisiana Housing Corporation was awarded $244,692 in additional Mainstream Voucher Program funding by the U.S. Department of Housing and Urban Development (HUD) in May. The funding was authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act and represents a 30 percent increase in voucher funds received by the LHC in 2018 and 2019.
WHEDA has posted an FAQ document to provide further guidance on the National Housing Trust Fund (HTF) application. Additionally, we have posted a corrected version of the document: HTF Application Certification Please include this revised version in all submitted applications.
Cambridge Housing Community Will Have Extensive Renovations and Residents Will Have Affordability Extended with $45 Million in MassHousing Financing
MassHousing is providing a total of $45 million in affordable housing financing to an affiliate of the Cambridge Housing Authority (CHA), for the modernization and preservation of the 198-unit Daniel F. Burns Apartments. The MassHousing financing will allow the CHA to make extensive renovations to the Burns Apartments, including the installation of sustainable building systems, and will extend affordability for low-income senior citizens and residents with disabilities for at least 20 years.
MassHousing Closes on $22.6 Million in Financing to Create a New 76-Unit Affordable Housing Community on Long-Vacant Property in Mattapan
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan. The Planning Office for Urban Affairs and CICD will utilize the MassHousing financing to transform a long-vacant city-owned parcel into an inclusive new affordable housing community.
The Wisconsin Housing and Economic Development Authority is seeking applications for a total of $1.9 million in National Housing Trust Fund financing targeting housing projects for people with extremely low incomes. Eligible projects include those that received 2019 or 2020 federal 9% or federal and state 4% housing tax credits. The housing trust fund financing is intended to expand the number of units available for households at or below 30% of area median income.
Florida Housing Finance Corporation (Florida Housing) is proud to celebrate National Homeownership Month showcasing the importance of home. While the structure of people’s homes may not have changed, its meaning has indeed transitioned over the past few months. Home has become a place of comfort, safety, good health, and family.