The Washington State Housing Finance Commission has approved bonds and housing tax credits that will build more than 800 new affordable apartments for individuals, families, persons with disabilities, and seniors in Seattle, Auburn and Redmond. “This financing will help provide people in our communities with a safe, secure place to live,” said Karen Miller, chair of the Housing Finance Commission.
Louisiana Housing Corporation Launches New Program to Assist First-Time Homebuyers in Areas Affected by 2016 Floods
The Louisiana Housing Corporation launched a new soft second mortgage assistance initiative to assist first-time homebuyers in areas affected by 2016 floods. The Resilience Soft Second Program is designed to cover the affordability gap between the maximum amount that a homebuyer can afford and the purchase price of a home. Qualified first-time homebuyers in 51 flood-impacted parishes can get up to $60,000 toward purchasing a home, along with closing-cost assistance.
Louisiana Housing Corporation Releases $9.5 Million For the Rehabilitation or Development of Rental Properties In Areas Impacted By the 2016 Floods
Today, the Louisiana Housing Corporation released a $9.5 million Notice of Funding Availability (NOFA) to address the unmet needs of low- to moderate- income renters affected by the Great Floods of 2016, by providing affordable and quality rental housing units. Through the Neighborhood Landlord Rental Program Phase II (NLRP II), eligible property owners could receive up funds to rehabilitate existing properties or create new affordable housing units.
The Government Finance Officers Association of the United States and Canada has awarded its highest forms of recognition to the California Housing Finance Agency (CalHFA). For the second consecutive year, CalHFA earned a pair of Certificates of Achievement for Excellence in Financial Reporting for its 2017-2018 Comprehensive and Popular Annual Financial Reports, which lay out CalHFA’s financial status in rigorous, yet accessible detail.
Columbia, SC attorney and South Carolina State Housing Finance and Development Authority (SC Housing) Commissioner Kenneth E. Ormand, Jr. has been elected President of the National Conference of State Housing Boards (NCSHB). NCSHB provides educational and training opportunities for state housing finance authority board members to help them govern their agencies most effectively.
Five Hoboken public housing complexes heavily damaged in Superstorm Sandy will receive $12.8 million in financing from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to continue needed repairs, improve housing for residents and make the buildings more resilient against future storms. The buildings, which are vulnerable to flooding, are owned by the Hoboken Housing Authority (HHA) and provide over 1,150 affordable apartments for families and seniors.
Following her successful first year as Chair of the Board of Directors of the National Council of State Housing Agencies (NCSHA), California Housing Finance Agency (CalHFA) Executive Director Tia Boatman Patterson was reelected to the Board leadership role at the organization’s Annual Conference last week. Boatman Patterson has been an active participant in NCSHA since she was appointed to lead CalHFA in 2014.
Brookline Affordable Housing Community for Senior Citizens and Residents with Disabilities Will See Extensive Renovations and the Extension of Affordability with the Closing of $25 Million in MassHousing Financing
MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 100-unit Arthur O’Shea House located at 61 Park Street in Coolidge Corner. The MassHousing financing will allow the BHA to make comprehensive renovations to the property, which is home to lower-income senior citizens and residents with disabilities, and to help ensure affordability at the property in perpetuity.
In 1971, then US Senator Fritz Hollings said, “Poverty is a wheel with several spokes. On this wheel you've got the spoke of health, the spoke of housing, job training, job opportunity and rehabilitation.” At that time, hunger was seen as one of the state’s most pressing problems. Today a different challenge dominates the state (and nation)—a growing, pressing need for available and affordable housing.
South Dakota Housing Development Authority (SDHDA) presented its “Friend of Housing” Award to Dick Werner at the annual statewide housing conference. This is the twentieth year of SDHDA presenting the award to an individual who has made a commitment to affordable housing in South Dakota through their contributions, achievements and vision. As a former legislator and county commissioner, Werner spent many years advocating the importance of affordable housing all across South Dakota.