Today, the Louisiana Housing Corporation announced that $13.9 million in Low-Income Home Energy Assistance Program (LIHEAP) funds are available. The LIHEAP funding, awarded through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, will be used to help families, seniors and people with disabilities pay their energy bills.
MassHousing Closes on $25.25 Million in Financing to Extend Affordability on 82 Housing Units and Make Property Improvements in Roxbury
MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza Trust properties, into a single development entity, make substantial capital improvements to the properties, and extend affordability protections for residents for at least 20 years.
MassHousing Closes $25.6 Million in Financing for the Renovation and Extension of Affordability at Dorchester Housing Community
MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester. Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially rehabilitated in the 1980s.
Louisiana Housing Corporation Announces Partnership with the City of New Orleans and Finance Authority of New Orleans
The Louisiana Housing Corporation (LHC) is pleased to announce its collaboration with the City of New Orleans and Finance Authority of New Orleans (FANO). Through this agreement, which was approved by the New Orleans City Council Thursday, May 2, FANO will have the ability to pair its multifamily revenue bonds with LHC’s non-competitive 4 percent tax credits. These credits provide tax incentives that aim to increase the availability of affordable rental housing.
SC Housing will provide approximately $5 million in emergency rental assistance to South Carolinians facing financial hardships as a result of the COVID-19 health crisis. The program will provide emergency housing assistance on behalf of renters affected by shutdowns, closures, layoffs, reduced work hours or unpaid leave. Eligible households could receive rental assistance of up to $1,500, with payments made directly to landlords or management companies. Relief will be provided as a one-time lump sum toward eligible tenants’ rent payments.
This fellowship will fund a maximum of 12 months of research 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.
Colorado Housing and Finance Authority (CHFA) is pleased to announce the 2020 round one Low Income Housing Tax Credit (LIHTC) awards. CHFA is awarding $16.1 million in federal 9 percent LIHTC to 14 developments, which will support the construction of 940 affordable rental housing units. These developments will be built in various parts of Colorado including the Denver metro area, northern and southern Front Range, mountain communities, and San Luis Valley.
Housing affordability is a growing issue for Pennsylvanians, and renters, low-income households and minorities are disproportionately burdened by housing costs, according to a study shared online today by the Pennsylvania Housing Finance Agency. The Pennsylvania Comprehensive Housing Study, produced in collaboration with the University of Pennsylvania Department of City and Regional Planning, explores the current status and predicted trends for housing statewide.
MassHousing Awards $700,000 in COVID-19 Relief Funding to 31 Non-Profit Providers of Affordable Sober Housing in Massachusetts
MassHousing has awarded $700,000 in grant funding to bring COVID-19 relief to 31 non-profit providers of affordable sober housing to help ensure their financial stability and continued support services for more than 660 men, women, and women with children working to overcome addiction in 17 communities across the Commonwealth.
The South Carolina Legislature has passed House Bill 3998, the Workforce and Senior Affordable Housing Act, creating a state tax credit for qualified affordable housing developments. This tax credit is similar to, and would supplement awards under, the federal Low Income Housing Tax Credit. The bill was signed by Governor McMaster on May 14, 2020.