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HFA News
Maryland Department of Housing and Community Development Announces Fiscal Year 2021 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development is announcing the Fiscal Year 2021 application round for three State Revitalization Programs - Community Legacy, Strategic Demolition Fund - Statewide (all non-Baltimore City) and the Baltimore Regional Neighborhood Initiative. These programs offer funding to support local housing, community and economic development, and other revitalization projects. They are part of the department's commitment to helping the state's local governments and nonprofit agencies achieve their community revitalization and economic development goals.
Hogan Administration Opens Application Period for $16 Million in Maryland Eviction Prevention Partnership Grants
Governor Larry Hogan today announced that Maryland's 24 local jurisdictions can begin applying for $16 million in Maryland Eviction Prevention Partnership grants, which will help support local rental assistance programs across the state. "Maryland was one of the first states in the nation to implement a moratorium on evictions for tenants affected by the COVID-19 pandemic, and we have backed that up with targeted relief programs," said Governor Hogan. "These grants will help ensure more of our citizens can remain safe and secure in their homes."
PHFA Accepting Bids for Purchase of Mixed-Use Development Tax Credits
The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $3 million in Mixed-Use Development Tax Credits. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities. The deadline for bids is 2 p.m. on Wednesday, Sept. 30. These tax credits will be used by the winning bidders – which can be companies, organizations or individuals – to reduce their state tax liability.
Housing is Key Campaign Provides Information on Resources for Tenants, Landlords and Homeowners
Housing is key. It’s critical to ensure the health and safety of our families and communities, especially during COVID-19. On August 31, 2020, Governor Gavin Newsom signed the Tenant, Homeowner and Small Landlord Relief and Stabilization Act of 2020, extending eviction and foreclosure protections for Californians. Following the signing of the Act, Governor Newsom announced the launch of the Housing Is Key campaign, aimed at connecting renters and landlords experiencing economic hardship due to COVID-19 to resources and information.
RIHousing Launches New Program to Assist Rhode Island Renters
RIHousing today announced a new rental assistance program for eligible Rhode Island renters struggling to pay their rent as a result of the COVID-19 pandemic. The agency’s HOME Emergency Tenant Based Rental Assistance Program (HOME E-TBRA) will help low-to-moderate income families negatively impacted by the unprecedented loss of jobs and income due to COVID-19. “Rhode Islanders are facing unprecedented challenges as a result of COVID-19, and we should be making every effort to help families stay safely in their homes,” said U.S. Senator Jack Reed.
SC Housing County First Initiative: Closing the Gap in Rural Homeownership
Many in rural communities feel that they are the last in line when it comes to getting the services and resources they need. Whether it is having access to broadband to stay connected, medical care for health problems, or buying a home in a community that they love, they often lag behind more urban areas. But the South Carolina State Housing Finance and Development Authority (SC Housing) is changing all of that with the launch of its new County First Initiative for these homebuyers.
Brookline Housing Community for Lower-Income Senior Citizens Will See Extensive Renovations and the Extension of Affordability with $25 Million in MassHousing Financing
MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 99-unit Morse Apartments and extend the affordability for lower-income senior citizens living there for at least 75 years. MassHousing is supporting the rehabilitation of Morse Apartments with $25 million in short and longer-term financing through the Agency’s Conduit Loan Program.
DCHFA Funds the Construction of a Second Assisted Living Community
The DCHFA is financing the construction of Ward 7’s first assisted living community, The Residences at Kenilworth Park. On August 28, DCHFA issued $58 million in bond financing and underwrote $20 million in four percent low income housing tax credit (LIHTC) for this 157 apartment development. “At DCHFA we finance affordable housing solutions for District residents at all stages in their lives. We are fully committed to supporting seniors and welcome this opportunity to invest in affordable assisted living with on-site support services east of the river, which will allow residents to age in place,” stated Christopher E. Donald, Interim Executive Director.
CalHFA Introduces New Bond Recycling Program
The California Housing Finance Agency has launched a new Bond Recycling Program which will provide an additional source of financing to address our state's affordable housing crisis. CalHFA's program, the first of its kind in California, is made possible through a partnership with Apple. "Working alongside Apple, we looked at California’s housing landscape - the dangerously low affordable housing supply and the rising cost to build while state and federal resources get increasingly scarce - and endeavored to address that issue," said CalHFA Executive Director Tia Boatman Patterson.
Affordability Extended for Lower-Income Senior Citizens at Randolph Housing Community as a Result of $27.3 Million in MassHousing Financing
MassHousing has provided $27.3 million in affordable housing financing to an affiliate of Hebrew SeniorLife to renovate and extend the affordability for lower-income senior citizens at the 160-unit Simon C. Fireman Community in Randolph. “The residents who live at the Fireman Community are seniors who share many experiences and interests, and we are very pleased that life will continue as usual for them long into the future,” said MassHousing Executive Director Chrystal Kornegay.
