Maryland Department of Housing and Community Development Conducts Largest Bond Issuance in the Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced that the department conducted the largest mortgage revenue bond issuance in the history of the agency. The department's bond-issuing entity, the Community Development Administration, issued more than $347 million under the Residential Revenue Bond program. Proceeds of the bond sales through that program are primarily used to finance mortgage loans to first-time homebuyers through the state's Maryland Mortgage Program.
SDHDA today recited that Housing Opportunity Funds (HOF) remain available to aid in recovery efforts for households impacted by the 2019 natural disasters. Financial assistance available for the disaster support includes cleanup or removal of debris; mold remediation; restoration; purchases of major appliances lost due to disaster (i.e., hot-water heater, furnace, etc.); rent payments; utility security deposits for displaced households; and downpayment assistance for the purchase of a housing unit.
A ribbon-cutting ceremony today marked the opening of the Greens at Avenel, a new community of 101 apartments affordable to families, including 25 for special needs residents, under a public/private partnership between Pennrose and Woodbridge Township financed in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA).
The Washington State Housing Finance Commission has approved financing that will build 820 new affordable apartments for people at low incomes and those experiencing homelessness throughout Washington state. The financing approved in August and September will also expand nonprofit senior living facilities and help finance the new Kent YMCA.
New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff joined representatives of Community Investment Strategies, Inc., and local officials for a ribbon-cutting ceremony celebrating the opening of The Place at Plainsboro, which includes 70 apartments affordable to families. The development, at 100 Rue Place, consists of nine two-story buildings providing one-, two- and three-bedroom apartments for residents earning between 50% and 60% of the area median income.
Today, the Louisiana Housing Corporation announced the award recipients of the 2019 Housing Tax Credit program, which funds the acquisition, construction, and rehabilitation of affordable housing throughout Louisiana. Over $129 million in 10-year federal housing tax credits were awarded to 20 developments that will create 877 apartments serving families, seniors and individuals with disabilities.
Florida Housing Finance Corporation (Florida Housing) was created by the Legislature more than 35 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for the citizens of Florida.
Colorado Housing and Finance Authority (CHFA) is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the second and final award round of 2019. CHFA is the allocating agency of federal LIHTC in Colorado. In this round, 30 applications requesting $34.9 million in federal 9 percent LIHTC were received. CHFA is awarding $17,111,701 in 9 percent credits to 15 developments, which will support the construction of 723 affordable rental housing units.
The Commonwealth Companies will mark the completion of The Edge Artist Flats, commonly known as “The Edge,” an apartment complex that offers a new affordable housing option in downtown Fargo, at 11:00 a.m. on October 10, 2019. “Commonwealth works closely with community leaders and state government agencies to deliver housing that exceeds expectation, adding value to a community and enhancing the lives of the residents served,” said Erin Anderson, a regional vice president of development for the company.
The Washington State Housing Finance Commission has honored seven individuals and organizations as 2019 “Friends of Housing.” The awardees from across the state ensure affordable homes and support services for thousands of Washington residents. They also work toward funding, policies and programs to ensure affordable housing into the future.