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HFA News
The Edge Offers Affordable Downtown Housing for Families
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.
2019 Friend of Housing Awards Honor State’s Housing Champions
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.
Iowa Finance Authority Announces 2020 Preferred Homeownership Lenders
IFAtoday announced that a total of 20 lenders have earned IFA’s 2020 Preferred Lender designation. IFA Preferred Lenders serve as ambassadors for Iowa home buyers seeking assistance with the homeownership process and are expertly trained in IFA mortgage and down payment assistance programs. IFA offers affordable mortgage and down payment assistance programs for eligible home buyers through a seamless process with a network of hundreds of valued Participating Lenders across the state.
NJHMFA Marks Groundbreaking for Next Phase of Affordable Apartments in Camden
A groundbreaking today, attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, kicked off construction of 75 affordable rental apartments for families as part of the next phase of the redevelopment of a former public housing site in the city’s Centerville neighborhood. Branch Village Townhomes II is the third phase of the Branch Village comprehensive revitalization of the site of the former Clement T. Branch Village.
Lt. Governor Boyd K. Rutherford Delivers Opening Remarks at Opportunity Zones Conference
Lt. Governor Boyd K. Rutherford, chair of the Maryland Opportunity Zone Leadership Task Force, today delivered opening remarks at the second Maryland Opportunity Zones Conference. Hosted by the Maryland Department of Housing and Community Development at the Turf Valley Resort in Ellicott City, the conference provided an opportunity for attendees and potential investors to learn more about the program and its incentives, as well as additional state incentives and current Opportunity Zone success stories in Maryland.
Hurricane Michael Homeownership Funding Completely Committed in Less than Four Months
In less than four months, a total of $5 million in down payment (DPA) and closing cost assistance has been committed to assist more than 335 homebuyers through Florida Housing Finance Corporation’s (Florida Housing) new homeownership programs in the following Hurricane Michael impacted counties: Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Liberty, Taylor, Wakulla and Washington.
LHC Partners with City of New Orleans for Vital Affordable Housing Projects
The city of New Orleans is moving forward with $28 million in vital affordable housing development projects with financing through the Louisiana Housing Corporation. The projects, funded through a combination of federal grant dollars and affordable housing tax credits, will create 642 residences to help meet a critical need for workforce housing in New Orleans.
DCHFA Ends FY 2019 Preserving Affordable Housing through its Risk Share Program
DCHFA closes Fiscal Year 2019 by funding the preservation of 195 affordable apartments through the Agency’s HUD Level I Risk Share program. On September 27, DCHFA issued $25 million in bond financing and underwrote $15.3 million in low income housing tax credit equity for the rehabilitation of Randle Hill Apartments in the Congress Heights neighborhood of Ward 8.
State OKs $35M for Housing
The Florida Housing Finance Corporation Board of Directors has unanimously approved funding four workforce housing projects in Monroe County, as part of a housing strategy implemented after Hurricane Irma. In July, the Florida Finance Housing Corp. started an application process, offering $25 million of the Rebuild Florida Workforce Housing Program for the construction of workforce housing in Monroe County.
RIHousing Issues Inaugural Sustainability Bonds to Support Affordable Housing
RIHousing announced the issuance of $73.6 million of new bonds, the first ‘Sustainability Bonds’ to be offered by the agency. The sale of the bonds will fund the acquisition and rehabilitation of 752 rental homes for low and moderate-income Rhode Islanders. “Rhode Island is leading in the fight against climate change. Here in the Ocean State, we’re committed to reducing our energy consumption and protecting our natural resources,” said Stefan Pryor, Rhode Island Secretary of Commerce.
