A topping-out ceremony today marked the near completion of a new transit-oriented development that will provide 100 mixed-income rental apartments and included New Jersey Housing and Mortgage Finance Agency (NJHMFA) staff, local officials and representatives of The Alpert Group. Valley Road Residential features a five-story building with 45 market-rate apartments and 55 that are affordable for households earning up to 60 percent of the area median income (AMI).
NJHMFA Executive Director Charles A. Richman, local officials and The Michaels Organization broke ground today on a major renovation of 64 townhomes that will preserve historic properties and affordable homes for families living in the city. Cooper Plaza Townhomes is the restoration of a five-block section of homes in the vicinity of Cooper University Hospital and the city’s downtown business district, close to jobs, transportation, shopping and schools.
SDHDA is inviting nonprofits and units of local government to submit applications for funding from the Emergency Solutions Grants program. The ESG program, funded by the U.S. Department of Housing and Urban Development, provides financing for short-term and medium-term rental assistance and services to stabilize and rapidly re-house individuals and households who are homeless or at risk of becoming homeless.
Three Eastern Shore towns and one community in Carroll County have been named Maryland's newest Sustainable Communities. With the addition of East New Market, Finksburg, Galena, and Hebron, the Smart Growth Subcabinet has designated 116 Sustainable Communities across Maryland since the creation of the program in 2010.
The Maryland Department of Housing and Community Development today announced $700,000 in additional funding to continue supporting recovery efforts in Ellicott City. The funding will support Howard County’s recently announced second phase of the EC Safe and Sound plan. The plan seeks to ensure public safety, support business and property owners, maintain Ellicott City’s historic charm, and develop a more inclusive, community-driven process.
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal and state housing tax credits will support the development of 214 permanently affordable apartments in nine communities across the state. Low and moderate income Vermont renters will benefit from a 12.5 percent increase in Vermont’s annual allocation enacted by Congress last year.
Victoria Parmentier has been appointed to serve as a member of the Wisconsin Housing and Economic Development Authority Board of Directors. Principles of R.E. Management have been used to manage four housing complexes in Green Bay since they were developed in 1980 and 1981, all serving seniors, persons with disabilities and families with dependent children.
The California Housing Finance Agency is partnering with the non-profit Self-Help Enterprises to help alleviate the housing crisis by providing financing for Accessory Dwelling Units in the City of Clovis. Self-Help Enterprises, a community development organization based in the San Joaquin Valley, will use $2.5 million in funding from the California Housing Finance Agency to act as the construction lender for Clovis' Cottage Home Program.
NJHMFA Celebrates Ribbon Cutting for Affordable Apartments for Families in Ocean Township Built With Sandy Recovery Funding
A ribbon-cutting ceremony celebrated the opening of 48 new affordable apartments for families today joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of co-developers, The Alpert Group and the Affordable Housing Alliance. Cindy Lane Apartments includes two three-story buildings with one- to three-bedroom apartments, and residents began moving into their new homes in February.
Maryland Department of Housing and Community Development Announces Fiscal Year 2020 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development is announcing the FY20 application round for six State Revitalization Programs - Project C.O.R.E, Community Legacy, Strategic Demolition Fund - Statewide (all non-Baltimore City), National Capital Strategic Economic Development Fund, Baltimore Regional Neighborhood Initiative and SEED: Community Development Anchor Institution Program.