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HFA News
Raynetta Hill of CommonBond Communities Joins WHEDA Board
Raynetta Hill, Regional Manager of Property Management and Advantage Services for CommonBond Communities, has been appointed to serve as a member of the Wisconsin Housing and Economic Development Authority (WHEDA) Board of Directors. CommonBond Communities provides homes and supportive services for those most in need with a vision of a day where every person has access to a stable home.
Innovative Public-Private Partnership Seeks to Develop Energy Efficient Housing for Rhode Islanders
RIHousing and the Rhode Island Office of Energy Resources (OER) announced today the release of a Request for Proposals (RFP) for the Zero Energy for the Ocean State (ZEOS) Demonstration Project. The pilot program offers a grant of up to $250,000 to design and construct affordable, energy efficient housing to serve low- and moderate-income Rhode Islanders.
CalHFA Makes Preliminary Mixed-Income Program Awards to Eight Developments
The California Housing Finance Agency has made preliminary awards to eight mixed-income multifamily housing developments to use $40 million in Senate Bill 2 funds. When constructed, these housing developments will serve 1,379 low to moderate income California families. Senate Bill 2, the Building Homes and Job Act, was authored by Senate pro Tempore Toni Atkins and signed into law by former Governor Edmund G. Brown Jr. as part of 2017’s historic package of housing legislation.
Funding Available for the Development of Affordable Housing
South Dakota Housing Development Authority (SDHDA) announces approximately $15.3 million is available for funding during the 2019 application cycle for the HOME Investment Partnerships, Housing Tax Credit, Housing Opportunity Fund and Housing Trust Fund programs. Funding can be utilized to assist communities in addressing their local housing needs.
Hogan Administration Celebrates Anniversary of SmartBuy 2.0
The Hogan administration today celebrated the one-year anniversary of the launch of the Maryland SmartBuy 2.0 initiative. Managed by the Maryland Department of Housing and Community Development (DHCD), this nationally recognized homeownership program enables prospective homebuyers to eliminate up to $40,000 in student loan debt while purchasing an eligible home through the Maryland Mortgage Program.
RIHousing Funding Approvals Revitalize Blighted and Vacant Properties
RIHousing’s Board of Commissioners approved funding awards totaling approximately $4.7 million to revitalize neighborhoods in Pawtucket and Providence. The awards will fund 92 homes and five new public facilities with 110,222 square feet of new commercial space. The funding is allocated via the state Acquisition and Revitalization Program (“ARP”).
Peabody Housing Community in Danger of Converting to Market Rates Will Remain Affordable for Lower-Income Residents for at Least 45 Years as a Result of $49.3 Million in MassHousing Financing
MassHousing has closed on $49.3 million in affordable housing financing to WinnCompanies to preserve affordability for lower-income households at The Tannery in Peabody. WinnCompanies purchased the 284-unit affordable housing community under Chapter 40T, preventing the conversion of affordable apartments to market rates and protecting the tenancies of dozens of low-income residents.
PHFA Accepting Bids for the Purchase of Additional Mixed-Use Development Tax Credits
The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of an additional $1 million in mixed-use development tax credits. An earlier round of tax credit bidding closed on June 14. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities.
PHFA Announces Funding to Help Rehabilitate Erie’s Boston Store Place
The Board of Directors of the Pennsylvania Housing Finance Agency today approved $1 million in funding for rehabilitation of Boston Store Place at 716-18 State Street in Erie. The property is located in the heart of downtown Erie with convenient access to employers, transportation and health care. The building, which includes both retail and housing space, has been in decline in recent years.
PHFA Announces Funding to Redevelop Mixed-Use Building in Homewood
The Board of Directors of the Pennsylvania Housing Finance Agency today approved $600,000 in funding to redevelop a building at 627 N. Homewood Avenue in Homewood. The property is located in a crucial commercial corridor in the heart of the Homewood neighborhood in Pittsburgh. The three-story, 6,460 square foot structure, which currently is vacant, is known as the James T. Givner Building, named after a longtime community champion.
