MassHousing to Provide $2.1 Million in Workforce Housing Financing for New Rental Housing Community for Working Residents in Dorchester
MassHousing is providing $2.1 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of 233 Hancock, a 36-unit housing community, Arx Urban. The MassHousing financing will help transform a pair of Dorchester automobile repair shops into 36 units of new mixed-income homes, including 21 units of new workforce housing.
Construction is Underway for Phase II of the Orient Heights Public Housing Redevelopment in East Boston as MassHousing Closes $26 Million in Financing
Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in East Boston. MassHousing is supporting the Orient Heights project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority. Phase II of the Orient Heights redevelopment will demolish 87 aging state-aided family public housing units, and construct 88 replacement apartments.
North Dakota Housing Finance Agency (NDHFA) is wrapping up a record-breaking year. The state agency, known primarily for the affordable financing it offers through its FirstHome™ program, set a production record in 2018 by purchasing 1,798 loans with a total value of more than $300 million.
Florida Housing Provides $5 Million in Housing Disaster Funds for Floridians Impacted by Hurricane Michael
The Florida Housing Finance Corporation (Florida Housing) is releasing $5 million in disaster funds to counties in the Panhandle that were ravaged by Hurricane Michael. After completing the evaluation process regarding the State Housing Initiative Partnership (SHIP) program disaster funds, Florida Housing is allocating the funding to nine impacted counties.
Governor Larry Hogan today announced a series of initiatives and legislation to further expand the thriving Maryland Opportunity Zone program. A total of $56.5 million will be dedicated to attracting new businesses and development and continuing to invest in Maryland's workforce. The governor made the announcement at Walbrook Mill - a 41,000 square-foot active construction site located in a designated Opportunity Zone in Baltimore City, and future home of 140 apartments and townhomes, retail and commercial space, warehouse, and light industrial usage on North Avenue.
On Jan. 22, 2019, South Dakota Housing for the Homeless Consortium (SDHHC), an affiliate of South Dakota Housing Development Authority (SDHDA), will conduct its annual statewide Point-In-Time (PIT) homeless count. The Point-In-Time homeless count is a critical source of annual data on homeless persons and families, providing characteristics of people who are experiencing homelessness. Data from the annual PIT homeless count is used to measure homelessness on local, state, and national levels.
Florida Housing Approves Millions in Financing for Construction of Workforce Housing in Monroe County
The Florida Housing Finance Corporation (Florida Housing) Board of Directors approved the awarding of financing for the construction of two workforce housing developments in Monroe County during the board meeting held in December. Florida Housing issued invitations to credit underwriting last week to the approved applicants.
South Dakota Housing Development Authority (SDHDA) announces approximately $3.6 million available for the February application cycle. Funding consists of the HOME Investment Partnerships, Housing Trust Fund, and Neighborhood Stabilization programs. Funding can be utilized to assist communities in addressing their local housing needs.
Colorado Housing and Finance Authority (CHFA) was pleased to donate $2,650 to Care and Share Food Bank for Southern Colorado, 501(c)3 nonprofit that provides food to over 270 partner hunger-relief agencies across 31 counties in southern Colorado. The donation was the result of a three-week long social media campaign CHFA promoted called “Like It Forward.”
New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff joined local officials and developer CB Cubed, LLC today to mark the completion of a major renovation of the Berkeley Terrace Apartments, a 152-unit affordable rental complex for families. The complex, located on Berkeley Terrace and Grove Street in Irvington, consists of one- to three-bedroom units in two-story, brick buildings.