MassHousing closes on $23.6 Million in Tax-Exempt Financing for Newly Built 108-Unit Mixed-Income Apartment Community in Chelmsford
MassHousing has closed on $23.6 million in affordable housing financing to Princeton Properties and Parse Capital. The MassHousing permanent financing supports affordability at the Mill and 3 Apartments, a 108-unit, mixed-income apartment community in Chelmsford.
MassHousing Honors WinnCompanies and NEI General Contracting for Their Use of Minority and Women-Owned Businesses Across Massachusetts
MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018, which created economic opportunities for hundreds of working families across Massachusetts. “Diverse contracting helps create economic opportunity and advance prosperity, while providing a tremendous economic benefit to the employees and families of these businesses,” said MassHousing Executive Director Chrystal Kornegay.
Data in New Hampshire Housing Finance Authority’s November Housing Market Report reflect a continued need for affordable rental units as well as homes for sale, in order to keep pace with the state’s strong economy and low unemployment rate. The Housing Market Report shows the links between our state’s housing supply and its continued economic prosperity, and the underlying reasons to encourage the development of sufficient housing to meet the needs of our growing workforce.
New England Federal Credit Union gives $500,000 to Vermont Housing Finance Agency for affordable homes in Northwest Vermont
New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns.
South Dakotans’ will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved the award of more than $13.2 million in funding for housing activities.
MassHousing Closes on $45.7 Million in Financing for the Acquisition and Rehabilitation of 201-Unit Affordable Housing Portfolio in Roxbury and Dorchester
MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, from the estate of Lorenzo Pitts.
NJHMFA Awards $28M In Federal Tax Credits To Expand Affordable Housing for Families, Seniors, Special Needs Residents
A mixed-income development in Jersey City, affordable apartments for families in Trenton, a senior community in Wall and supportive housing in Glassboro were among the 22 developments awarded over $28 million in the highly competitive federal 9 percent Low Income Housing Tax Credit program (LIHTC) by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to expand affordable housing statewide.
A new community of affordable rental apartments for veterans and families celebrated its official grand opening today joined by Lieutenant Governor Sheila Y. Oliver, New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, Senate President Stephen M. Sweeney, local officials, and representatives from Conifer Realty LLC and the People for People Foundation.
NDHFA awarded a total of $3.39 million in federal tax credit authority to the projects through the Low Income Housing Tax Credit (LIHTC) program which will generate more than $30 million in equity. The Agency also awarded $2.8 million from the National Housing Trust Fund (HTF) and $1.6 million from the state’s Housing Incentive Fund (HIF).
Over 400 Housing Professionals Came Together this Week to Discuss Strategies to Promote Stable, Affordable Housing
Over 400 housing professionals from across Vermont came together this week at the Hilton Burlington to discuss strategies to promote stable, affordable housing. The high level of attendance at the conference reflected the concern that many Vermont communities feel over the increasing cost of housing in their communities.