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HFA News
“It’s Just Beautiful:” New Affordable Housing Complex Welcomes Gatlinburg Residents
It’s been a big problem for Sevier County for years, made even worse by the fires of 2016--affordable housing. Now a new complex has opened in Gatlinburg, and it’s full before the grand opening ceremony. Watson Glade, a new 80 unit apartment complex in Gatlinburg, has been in the works for nearly 6 years. It took Devan Lent six months to finally find a place to move to with his two daughters.
Florida Housing Facilitates Support for Thousands of Households Through its $250 Million COVID-19 Impacted Households Program
Today, the Florida Housing Finance Corporation (Florida Housing) presented program updates on the Coronavirus Relief Fund (CRF) that launched in August 2020. First announced by Governor Ron DeSantis, the $250 million CRF Program was unveiled to assist Floridians impacted by the COVID-19 pandemic with rental and mortgage assistance. Through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), these funds are dedicated to assist tenants living in Florida Housing’s multifamily and special needs developments and other affected homeowners and renters throughout Florida.
DSHA Celebrates Grand Opening of Splash Laundromat and Presents Downtown Development District Rebate Check to Owners Enrique and Veronica Nunez
Governor John Carney, Delaware State Housing Authority (DSHA) Director Anas Ben Addi, local legislators, town officials and members of the business community celebrated the grand opening of Splash Laundromat on Friday and presented a Downtown Development Districts (DDD) rebate check in the amount of $457,997 to owners Enrique and Veronica Nunez. The Nunezes applied for and received a DDD reservation in fall 2017 in support of the project.
Applicants Sought for Inaugural Michael Van Leesten Awards Program
RIHousing is seeking applicants for the agency’s Michael Van Leesten Memorial Awards program, a new awards program that provides financial assistance to students pursuing a career in the construction trades or a degree in housing development. The awards program honors the life and work of Michael Van Leesten, a longtime advocate dedicated to improving the lives of Rhode Islanders through his business leadership, civil rights activism, and public service.
Cris White Receives Most Admired CEO Award from Denver Business Journal
Colorado Housing and Finance Authority (CHFA) is pleased to announce its Executive Director and CEO, Cris White, has received a Most Admired CEO Award from the Denver Business Journal (DBJ). White was selected as a 2020 recipient from a pool of more than 100 nominees. DBJ’s Most Admired CEO Award honors outstanding chief executives (and those holding equivalent titles) in the Denver metropolitan area at for-profit and nonprofit companies that are innovators, standard-bearers, role models, and exceptional leaders.
PHFA Provides September Data About CARES Relief to Renters and Homeowners
After three months of administering CARES financial assistance for renters and homeowners, the Pennsylvania Housing Finance Agency is providing an update on the progress of both programs, which have been accepting applications since July 6. For the CARES Rent Relief Program (RRP), all 67 participating county organizations are asked to provide monthly data summaries, and the data from September are now available.
Top Loan Officers Earn Recognition
The top SDHDA loan officers of 2020 are: Ryan Spellerberg, First Premier Bank, Sioux Falls, Area 1; Sarah Erickson, Fairway Independent Mortgage Corporation, Watertown, Area 2; Justin Froiland, Fairway Independent Mortgage Corporation, Brookings, Area 3; Shawna Kleinwolterink, Plains Commerce Bank, Sioux Falls, Area 4; Blaine Fopma, Reliabank Dakota, Sioux Falls, Area 5; Julie Brownell, Plains Commerce Bank, Aberdeen, Area 6; and Kannan Harms, Dacotah Bank, Rapid City, Area 7.
MassHousing Closes $29 Million in Financing for the Refinancing and Preservation of Town Brook House in Quincy
MassHousing has closed on approximately $29 million in affordable housing financing to the non-profit Wollaston Lutheran Housing, Inc., for the refinancing and extension of affordability for at least 20 years for lower-income senior citizens and residents with disabilities at the 151-unit Town Brook House in Quincy. MassHousing is providing Wollaston Lutheran Housing, Inc. – a non-profit corporation sponsored by Wollaston Lutheran Church – with $28.994 million in permanent financing.
Lower Mortgage Rates for Idaho’s Essential Workers
We’ve seen what an important role essential workers in Idaho have played during the COVID-19 pandemic. Now, Idaho Housing and Finance Association is saying thank you by helping them save money with the Idaho Heroes Loan Program. The program provides a special reduced mortgage rate available only to essential workers to help them buy a home. The limited special rate of 2.375% is available to nurses, firefighters, law enforcement, teachers, doctors, paramedics, retail workers, and current and former members of the military who meet the First Loan program requirements.
DCHFA Finances First Development of FY 2021 in Ward 8
The new fiscal year has begun and the District of Columbia Housing Finance Agency (DCHFA) has closed its first deal of FY 2021, by funding the redevelopment of Savannah Apartments. On October 9, DCHFA issued $11.5 million in tax-exempt bond financing and underwrote $7.2 million in four percent low income housing tax credit (LIHTC) to rehabilitate the 65 apartments at the Ward 8 community. “We’re beginning the new fiscal year by preserving existing affordable housing,” stated Christopher E. Donald, Interim Executive Director, DCHFA.
