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HFA News
Groundbreaking Marks Start of Affordable Apartment Community at Former Camp Kilmer Site Funded In Part by NJHMFA
A groundbreaking on Wednesday kicked off Truman Square, the first of a two-phase community of 172 affordable apartments for families, which is funded in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and will also provide homes for veterans and formerly homeless residents at the former Camp Kilmer site in Edison.
MassHousing Honors its Top-Producing Partner Lenders in 2018 for Their Commitment to Affordable Homeownership in Massachusetts
MassHousing recently honored 11 of its top lending partners for their success in originating MassHousing home mortgage loans for low- and moderate-income Massachusetts residents in 2018. In 2018, through all its partner lenders, MassHousing provided a total of $730.7 million in mortgage financing to 2,904 Massachusetts residents who purchased or refinanced a home.
New PHFA Housing Policy Fellowship Created
The fellowship will fund a maximum of 12 months of research and study on a pressing housing or community development topic. With a monthly stipend of $1,000, the maximum funding available will be $12,000. The financial support can be for a variety of activities supporting the approved research, including interviews with experts, securing resources and study materials, travel for attending relevant conferences and more.
Florida Housing Board Approves New Rental Housing Funding for Hurricane Michael Impacted Counties
The Florida Housing Finance Corporation (Florida Housing) Board of Directors approved the funding of seven newly-constructed rental developments that will provide over 200 units of affordable housing in counties ravaged by the storm. The more than $30 million investment will be made using federal Home Investment Partnerships Program (HOME) funding and include developments in Bay (3), Gulf (2), Jackson and Wakulla counties.
NJHMFA Announces 2019 Round of Federal 9% Low Income Housing Tax Credits to Help Fund 1,200 Affordable Apartments
Guided by new innovative policy, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) plans to award $24 million in highly competitive federal 9 percent Low Income Housing Tax Credits (LIHTC) in 2019, which are expected to create about 1,200 affordable apartments for families, seniors and residents with special needs. The LIHTC program is the most successful tool in creating affordable housing in the country since its creation in 1986.
Maryland Opportunity Zone Information Exchange Wins National StateScoop50 Award
The Maryland Department of Housing and Community Development's Maryland Opportunity Zone Information Exchange was recently recognized as the State IT Innovation of the Year at the StateScoop 50 awards, beating out more than 40 other nominees from across the country. The annual StateScoop 50 Awards honor the best and the brightest who make state government more efficient and effective.
Maryland Department of Housing and Community Development Hosts Inaugural Maryland Youth Homelessness Symposium
The Maryland Department of Housing and Community Development this week kicked off the inaugural Maryland Youth Homelessness Symposium, held May 1-2 at the Westin Hotel in Annapolis. "Homeless youth are a critically under-noticed and under-served demographic of a population that is already marginalized," said Secretary Kenneth C. Holt during the opening program.
WHEDA Receives ‘AA’ Issuer Credit Rating From Standard & Poor’s Global Ratings
Standard and Poor’s Global Ratings (S&P) has affirmed its issuer credit rating for the Wisconsin Housing & Economic Development Authority (WHEDA) as 'AA' saying WHEDA’s outlook is stable. In 2018, S&P raised WHEDA’s rating to 'AA' from ‘AA-‘. “S&P’s review provides reassurance in WHEDA’s ability to meet its mission while remaining financially stable to its partners,” said WHEDA Chief Financial Officer Sherry Gerondale.
966 Affordable Homes Created, Preserved Across State
This spring, the Washington State Housing Finance Commission has approved $237 million in financing for the construction or preservation of 966 affordable apartments statewide—including housing with services for those experiencing homelessness. “With the demand for affordable housing on a steady rise, it is now more important than ever to act to bridge the gap we see in our society today”
Florida Housing Announces Wind Down of Federal Reverse Mortgage Assistance Program for Florida Seniors
Florida Housing Finance Corporation (Florida Housing) is announcing the that the Elderly Mortgage Assistance Program (ELMORE), which assists seniors who are in default of their reverse mortgage, will close the program to new applications on June 30, 2019. Launched in 2013, ELMORE has spent more than $52million in federal funding and has assisted more than 2,600 Florida seniors with keeping their homes.
