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HFA News

HFA News

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Florida Housing Hurricane Michael Housing Recovery Fact Sheet

Florida Housing Finance Corporation (Florida Housing) was created by the Legislature more than 35 years ago. We are the state’s housing finance agency (HFA) that administers state and federal resources to help provide affordable homeownership and rental housing options for the citizens of Florida.

CHFA Announces 2019 Round Two Low Income Housing Tax Credit Awards

Colorado Housing and Finance Authority (CHFA) is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the second and final award round of 2019. CHFA is the allocating agency of federal LIHTC in Colorado. In this round, 30 applications requesting $34.9 million in federal 9 percent LIHTC were received. CHFA is awarding $17,111,701 in 9 percent credits to 15 developments, which will support the construction of 723 affordable rental housing units.

The Edge Offers Affordable Downtown Housing for Families

The Commonwealth Companies will mark the completion of The Edge Artist Flats, commonly known as “The Edge,” an apartment complex that offers a new affordable housing option in downtown Fargo, at 11:00 a.m. on October 10, 2019. “Commonwealth works closely with community leaders and state government agencies to deliver housing that exceeds expectation, adding value to a community and enhancing the lives of the residents served,” said Erin Anderson, a regional vice president of development for the company.

2019 Friend of Housing Awards Honor State’s Housing Champions

The Washington State Housing Finance Commission has honored seven individuals and organizations as 2019 “Friends of Housing.” The awardees from across the state ensure affordable homes and support services for thousands of Washington residents. They also work toward funding, policies and programs to ensure affordable housing into the future.

Iowa Finance Authority Announces 2020 Preferred Homeownership Lenders

IFAtoday announced that a total of 20 lenders have earned IFA’s 2020 Preferred Lender designation. IFA Preferred Lenders serve as ambassadors for Iowa home buyers seeking assistance with the homeownership process and are expertly trained in IFA mortgage and down payment assistance programs. IFA offers affordable mortgage and down payment assistance programs for eligible home buyers through a seamless process with a network of hundreds of valued Participating Lenders across the state.

NJHMFA Marks Groundbreaking for Next Phase of Affordable Apartments in Camden

A groundbreaking today, attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, kicked off construction of 75 affordable rental apartments for families as part of the next phase of the redevelopment of a former public housing site in the city’s Centerville neighborhood. Branch Village Townhomes II is the third phase of the Branch Village comprehensive revitalization of the site of the former Clement T. Branch Village.

Lt. Governor Boyd K. Rutherford Delivers Opening Remarks at Opportunity Zones Conference

Lt. Governor Boyd K. Rutherford, chair of the Maryland Opportunity Zone Leadership Task Force, today delivered opening remarks at the second Maryland Opportunity Zones Conference. Hosted by the Maryland Department of Housing and Community Development at the Turf Valley Resort in Ellicott City, the conference provided an opportunity for attendees and potential investors to learn more about the program and its incentives, as well as additional state incentives and current Opportunity Zone success stories in Maryland.

Hurricane Michael Homeownership Funding Completely Committed in Less than Four Months

In less than four months, a total of $5 million in down payment (DPA) and closing cost assistance has been committed to assist more than 335 homebuyers through Florida Housing Finance Corporation’s (Florida Housing) new homeownership programs in the following Hurricane Michael impacted counties: Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Liberty, Taylor, Wakulla and Washington.

LHC Partners with City of New Orleans for Vital Affordable Housing Projects

The city of New Orleans is moving forward with $28 million in vital affordable housing development projects with financing through the Louisiana Housing Corporation. The projects, funded through a combination of federal grant dollars and affordable housing tax credits, will create 642 residences to help meet a critical need for workforce housing in New Orleans.

DCHFA Ends FY 2019 Preserving Affordable Housing through its Risk Share Program

DCHFA closes Fiscal Year 2019 by funding the preservation of 195 affordable apartments through the Agency’s HUD Level I Risk Share program. On September 27, DCHFA issued $25 million in bond financing and underwrote $15.3 million in low income housing tax credit equity for the rehabilitation of Randle Hill Apartments in the Congress Heights neighborhood of Ward 8.