HFAs: Send press releases to press@ncsha.org.
HFA News
MassHousing Surpasses $1 Billion in Multifamily Accelerated Processing (MAP) Lending, Preserving More Than 7,400 Affordable Rental Housing Units for Massachusetts Residents
MassHousing has surpassed $1 billion in lending through the MAP program, preserving the affordability of 43 affordable housing communities since 2015 and extending affordability protections on more than 7,400 rental housing units for lower-income Massachusetts residents. Since MassHousing began executing MAP transactions, the Agency has consistently ranked among the nation’s larger MAP lenders and has built the largest MAP lending program of any state housing finance agency.
Top Loan Officers and Lenders Recognized by NHHFA for Outstanding Efforts in Assisting Homebuyers
Lenders and loan originators were recently recognized by New Hampshire Housing for helping 2,000 homebuyers find affordable homes and loans last year. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through New Hampshire Housing programs in 2019.
Funding Available Through the CARES Act for Nonprofits and Units of Local Government to Provide Emergency Shelter and Homelessness Prevention
Per the CARES Act, South Dakota has initially received an allocation of $2,199,893 of special ESG program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) among individuals and families who are homeless or receiving homeless assistance; and to support additional homeless assistance and homelessness prevention activities to mitigate the impacts of COVID-19.
DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments. “At DCHFA we are equally focused on preserving and modernizing existing affordable housing while also creating new units of affordable housing.
Florida Housing Finance Corporation Successfully Offers Assistance to Homeless Schoolchildren in Santa Rosa County
Florida Housing Finance Corporation (Florida Housing) has recently released its findings from a pilot program conducted in Santa Rosa County looking at the significant need for affordable, permanent housing options for homeless families with school-aged children. The state of Florida currently has more than 96,208 homeless schoolchildren, and in many cases, a lack of stable housing prevents these children from attending school on a consistent basis.
VHFA Awards Federal Tax Credits for Future Construction of Affordable Apartments Statewide
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal housing tax credits will support the development of 130 permanently affordable apartments in five communities across the state. “Despite the unique circumstances caused by the coronavirus outbreak, it was very important for VHFA to move ahead with the tax credit allocation,” remarked VHFA Executive Director Maura Collins.
PHFA Continues Efforts to Assist Renters And Homeowners Impacted Financially by the Coronavirus Pandemic
As the broad economic impact caused by the coronavirus becomes more clear, the Pennsylvania Housing Finance Agency is continuing to take steps to help renters and homeowners retain their housing until they are able to recover financially. “PHFA is taking immediate action to provide its borrowers with mortgage relief,” said PHFA Executive Director and CEO Robin Wiessmann.
Affordability Extended for Lower-Income Seniors at New Bedford Housing Community as a Result of $42.7 Million in MassHousing Financing
MassHousing has provided $42.7 million in affordable housing financing to Affordable Housing and Services Collaborative (AHSC) to preserve and extend the affordability for lower-income senior citizens for at least 36 years at the 327-unit Melville Towers in New Bedford. “Melville Towers has been a longstanding source of quality affordable housing for senior citizens in New Bedford,” said MassHousing Executive Director Chrystal Kornegay. “We are pleased that this transaction will ensure that these homes will remain affordable to the residents there for at least 36 more years.”
Julie Brewen Named Chair of Colorado Housing and Finance Authority Board of Directors
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Julie Brewen, chief executive officer of Housing Catalyst, has been named CHFA’s board chair for the 2020-2021 board term. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development.
VHFA Grants $120,000 to Help Meet Immediate Housing Needs Arising From Coronavirus Pandemic
In response to the Coronavirus pandemic, Vermont Housing Finance Agency (VHFA) announced today the award of $100,000 in grants to the state’s nonprofit housing providers and public housing agencies. Another $20,000 will be donated to Vermont-based 501(c)(3) nonprofit organizations selected by VHFA’s 38 staff members.
