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State OKs $35M for Housing

The Florida Housing Finance Corporation Board of Directors has unanimously approved funding four workforce housing projects in Monroe County, as part of a housing strategy implemented after Hurricane Irma. In July, the Florida Finance Housing Corp. started an application process, offering $25 million of the Rebuild Florida Workforce Housing Program for the construction of workforce housing in Monroe County.

RIHousing Issues Inaugural Sustainability Bonds to Support Affordable Housing

RIHousing announced the issuance of $73.6 million of new bonds, the first ‘Sustainability Bonds’ to be offered by the agency. The sale of the bonds will fund the acquisition and rehabilitation of 752 rental homes for low and moderate-income Rhode Islanders. “Rhode Island is leading in the fight against climate change. Here in the Ocean State, we’re committed to reducing our energy consumption and protecting our natural resources,” said Stefan Pryor, Rhode Island Secretary of Commerce.

Chris Flannery Joins VHFA as Chief Financial Officer

Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has selected Chris Flannery as its new Chief Financial Officer (CFO), following an extensive national search. Flannery comes to VHFA from Oak Ridge Financial in Minneapolis, where he served as Managing Director, Structured Finance. Prior to working at Oak Ridge, Flannery served as VHFA’s Financial Advisor from 2005 to 2017 while working at Piper Jaffray in Minneapolis.

MassHousing Closes on $66.1 Million in Financing for the Third Phase of the Redevelopment of the Anne M. Lynch Homes at Old Colony in South Boston

MassHousing has closed on $66.1 million in affordable housing financing to affiliates of Beacon Communities LLC, to advance the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston. Originally constructed in 1940, Old Colony is one of the oldest federal public housing developments in the country and is one of the most distressed properties in the Boston Housing Authority’s (BHA) federal portfolio.

MassHousing Closes on $22.7 Million to extend Affordability for 50 Years, Make Property Renovations, and Add Four New Units, at Holyoke Housing Community

MassHousing has closed on $22.7 million in affordable housing financing to an affiliate of Maloney Properties, for the rehabilitation of the Holyoke Farms affordable housing community in Holyoke. The MassHousing financing will allow Maloney Properties to undertake substantial property renovations, and to construct 12 new apartments at the 229-unit development. As part of the financing transaction, Maloney Properties will extend affordability at the property for at least 50 years.

Developers Mark Completion of Dacotah Ridge Redevelopment

Affordable Housing Developers Inc. (AHDI) and its development partner, Mountain Plains Equity Group (MPEG), marked the completion of the Dacotah Ridge Apartments redevelopment today by hosting an Open House. AHDI purchased the property from The ARC of Dickinson in 2017. Local, state and federal dollars supported the acquisition and rehab of the rental property that is occupied primarily by elderly and disabled households.

Ribbons Cut on New Affordable Apartments in Barrington

Partners and elected officials gather to celebrate the completion of 46 new rental homes PROVIDENCE, RI – Congressman David Cicilline recently joined state and local officials, representatives of...

Florida Housing Board Approves Funding in Hurricane Irma Impacted Monroe County

The Florida Housing Finance Corporation (Florida Housing) Board of Directors during today’s board meeting unanimously approved funding for four developments in hurricane-impacted Monroe County. This past July, Florida Housing issued a request for application (RFA) offering $25 million of the Rebuild Florida Workforce Housing Program for the construction of workforce housing in Monroe County.

Kentucky Housing Corporation Honors Achievements in Affordable Housing

Awards honoring significant achievement in affordable housing were presented during the 2019 Kentucky Affordable Housing Conference in Lexington, which was held September 12-13. Kentucky Housing Corporation (KHC) and the Homeless and Housing Coalition of Kentucky partnered on the event to bring together the largest consortium of housing professionals across the state to address housing needs and innovations for housing solutions.

Board Approves $97.4 Million in Bonds to Increase Affordable Rental Units Across Louisiana

The Louisiana Housing Corporation (LHC)'s Board of Directors approved the issuance of $97.4 million in Multifamily Mortgage Revenue Bonds to create 984 affordable rental units across Louisiana. The developments represent a mix of new construction and preservation developments that aim to assist working families, households with children, seniors, and people with disabilities.