Florida Housing Finance Corporation (Florida Housing) is celebrating four decades of service as an outstanding provider of innovative, timely solutions that assist Floridians with their housing needs. As the state’s housing finance agency (HFA), Florida Housing partners with developers, lenders and nonprofits across the state to finance affordable housing properties, specifically tailored to demographics such as senior citizens, families, veterans, homeless and persons with disabilities.
RIHousing today announced that James Comer has joined the agency in the position of Deputy Executive Director. Comer has extensive experience in strategic planning, property management and affordable housing finance. He most recently served as Executive Director of Women’s Development Corporation (WDC), a Rhode Island-based community development corporation.
Governor Hogan Announces Record Milestone of $1 Billion in Mortgages Through Maryland Mortgage Program in 2019
Governor Larry Hogan today announced that the Maryland Department of Housing and Community Development's Maryland Mortgage Program reached a record $1 billion in reservations for the program in 2019, representing more than 4,000 homebuyers. This is a 12-month period high for the history of the program.
The Pennsylvania Housing Finance Agency’s board of directors today announced that Robin Wiessmann is the new executive director and CEO at the agency. She started in her position at PHFA today. PHFA is a state-affiliated agency that works to expand affordable housing options for Pennsylvanians. It has a staff of 322 who manage a variety of statewide housing initiatives.
DCHFA is financing the rehabilitation of two properties, Hanover Courts and Tivoli Gardens, with the issuance of $16.9 million in tax exempt bonds. The properties in Wards 8 and 5, respectively, will become one scattered site development, HanTiv. The Agency underwrote $10.8 million in low income housing tax credit (LIHTC) equity for the developments.
Brian A. Hudson Sr. today announced his retirement after 45 years of working at the Pennsylvania Housing Finance Agency. For the past 16 years, he has served as PHFA’s executive director and CEO, expanding the agency’s programs to better serve the housing needs of Pennsylvanians. Hudson is well known statewide and nationally as a leader in the housing field. His last day at the agency will be Feb. 7, 2020.
Buying a home in Alaska will be less complicated with modernized names for Alaska Housing Finance Corporation loans and free online resources that provide how-to information about budgeting for a future mortgage and home features that save money. While the purchase transaction of the past almost entirely relied on the relationship of the buyer with their lender, Alaska’s borrowers are better informed online shoppers today and thus, more empowered to ask questions of their lender about which loan is best for their circumstances.
This month the United States Department of Housing and Urban Development (HUD) awarded nearly $18 million to the Louisiana Balance of State Continuum of Care (the CoC) to fund essential housing and supportive services to people experiencing homelessness. This amount includes more than $1.5 million in new funding, which will increase the CoC’s annual permanent housing capacity by nearly 150 households.
Governor Jay Inslee has named Albert Tripp, city manager of Airway Heights, to the Washington State Housing Finance Commission. Tripp will start his four-year term on the Commission immediately. “Mr. Tripp’s leadership experience, especially given the housing and growth challenges he has faced in his city, will be an enormous asset to the Commission,” said Karen Miller, chair of the Housing Finance Commission.
The Wisconsin Housing and Economic Development Authority (WHEDA) has issued a $140 million Housing Revenue Bond to finance rental housing developments currently in its loan closing pipeline. The bond issuance is expected to help finance 12 developments that will provide 931 units of affordable and workforce rental housing throughout Wisconsin.