Organizations throughout Wisconsin that provide emergency shelter, transitional residences and extremely low-income housing are encouraged to apply for grants from the WHEDA Foundation. Administered by the Wisconsin Housing and Economic Development Authority, the WHEDA Foundation grants improve housing for community members with complex challenges such as developmental disabilities, domestic abuse, incomes at or below 30 percent of the area median income, youth homelessness and chronic mental illness.
Affordable housing developers throughout Wisconsin have submitted applications for National Housing Trust Funds totaling $5.5 million to fund a total of 533 low-income and affordable workforce housing units. The Wisconsin Housing and Economic Development Authority, which administers the federal program as well as federal and state housing tax credit programs, anticipates a total of $1.3 million will be available. Seven developers in Ashland, Brown, Dane, Fond du Lac and Milwaukee counties submitted the proposals.
New State Budget Increases Allocation to PHFA Mixed-Use Development Tax Credit Program from $3 Million to $4.5 Million
The Pennsylvania Housing Finance Agency is pleased to announce that the newly signed state budget increases the allocation of tax credits for its Mixed-Use Development Tax Credit Program by $1.5 million to now total $4.5 million. The agency is grateful to the state legislature and the governor for this additional funding that will now support even more redevelopment across Pennsylvania. Bidding on these tax credits is already in progress, and PHFA wants to ensure that all interested bidders are aware of this important change of additional available tax credits.
PHFA Thanks General Assembly, Governor and Others for Significant Investment in Housing in New State Budget for FY 2021-22
The Pennsylvania Housing Finance Agency today expressed its appreciation to the state legislature, Governor Tom Wolf, and all the housing advocates who worked tirelessly to ensure that housing programs will receive substantial funding support in the new 2021-22 fiscal year budget, providing resources that are absolutely critical as recovery continues from the COVID pandemic. “We’re grateful to the General Assembly and the governor for making these significant investments in housing,” said PHFA Executive Director and CEO Robin Wiessmann.
RIHousing today announced the launch of a new pilot program that provides a pathway to sustainable homeownership for first-time buyers. RIHousing’s HomeSecure Grant program offers educational and financial resources to support new homeowners and is offered in conjunction with a RIHousing mortgage. The program features a robust financial literacy program via a network of partner agencies as well as access to an emergency fund reserve to assist borrowers in the first three years of owning a home.
U.S. Senator Jack Reed, U.S. Congressman David Cicilline, Governor Daniel McKee, and Smithfield Town Manager Randy Rossi joined leaders from Smithfield Housing Authority, Coventry Housing Associates, RIHousing and funding and community partners today to celebrate the completion of new rental homes in Smithfield. “I’m proud to have been part of the public-private partnership that revitalized this former iron foundry site into beautiful, affordable homes.
Virginia Housing today announced a $500,000 Innovation Demonstration grant to the Virginia Center for Housing Research at Virginia Tech to secure a 3D modular construction printer to print the concrete walls on the first 3D-printed home for sale in Virginia. Alquist, a 3D printing construction firm, will be working directly with the VCHR to print the home’s exterior walls.
Governor Larry Hogan today announced the launch of Project Restore, a $25 million economic recovery initiative that will provide financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. The governor made the announcement in downtown Berlin during a five-day tour of the Eastern Shore. “Project Restore will help put more ‘open for business’ signs in storefront windows, create thousands of jobs, and transform neighborhoods and communities,” said Governor Hogan.
MassHousing Closes Approximately $19 Million in Financing for the Second Phase of the Transformative Enterprise Center in Downtown Brockton
MassHousing has closed on approximately $19 million in affordable and workforce housing financing to Trinity Financial, Inc., which is developing the 111-unit Phase Two of the Enterprise Center in Downtown Brockton for residents with a wide range of incomes. The MassHousing financing will allow Trinity Financial to complete the redevelopment of the Enterprise Block and deliver a total of 224 new rental homes to Brockton’s downtown. The project’s first phase opened in 2015.
Maryland Department of Housing and Community Development Issues First Sustainability Bonds in Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced the issuance of the first ever ‘Sustainability Bonds’ to be sold by the department. The department’s bond-issuing entity, the Community Development Administration, issued approximately $13.6 million in Sustainability Bonds; proceeds of the bond sale will support energy efficient affordable housing in Frederick County.