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HFA News

HFA News

Bill Passes to Extend Colorado Affordable Rental Housing Tax Credit Program

Colorado Housing and Finance Authority (CHFA) announced today the passing of SB 18-007, which extends Colorado’s Affordable Housing Tax Credit (state AHTC) program through 2024. CHFA is the allocating agency for state and federal Affordable Housing Tax Credit in Colorado.

Gov. Walker Signs State Tax Credit Legislation Into Law

Wisconsin Governor Scott Walker signed Act 176 into law establishing a Wisconsin housing tax credit program. The new state program provides a tax incentive for private investment in the development or rehabilitation of affordable rental housing.

Senior Housing Community On Nantucket Will Be Renovated, Have Affordability Extended For Perpetuity With $1.5 Million in MassHousing Financing

The MassHousing funding will enable HallKeen Management to make renovations to Academy Hill, a 27-unit mixed-income housing community for senior citizens on Nantucket, and to preserve affordability at Academy Hill’s affordable units for perpetuity.

WinnCompanies & Omni Development Break Ground on $42 Million Rehab at Historic Rhode Island Public Housing Community

WinnCompanies and Omni Development Corporation formally kicked off $42 million in ambitious renovations to modernize Prospect Heights Apartments, a historic New Deal-era public housing community in Pawtucket.

Newton Mixed-Income Housing Community Will Undergo Major Renovation With $3.3 Million in MassHousing Financing

MassHousing has provided $3.3 million in affordable housing financing to the nonprofit Newton Community Development Foundation, for the renovation of the historic Weeks School Apartments.

LHC Board Approves $13 Million in Housing Bonds and Notes

Today, the Louisiana Housing Corporation Board of Directors approved the issuance of $13 million in Multifamily Housing Revenue Bonds and Multifamily Housing Governmental Notes.

PHFA accepting bids for purchase of Community Revitalization Fund Tax Credits

The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $2 million in tax credits associated with the Community Revitalization Fund.

Work is Underway to Convert Vacant Worcester Building to New, 55-Unit Mixed-Income Housing Community With $5.1 Million In MassHousing Financing

MassHousing has closed on a total of $5.1 million in affordable housing financing to support the redevelopment of Worcester’s Central Building.

Iowa Finance Authority Announces Nearly $2.6 Million in Federal Funding to Advance Rental

The Iowa Finance Authority Board of Directors today approved a total of nearly $2.6 million in low-interest loans through the federal HOME program.

DCHFA Finances Affordable Housing for Veterans at Walter Reed

DCHFA closed on its third affordable housing transaction during the month of April with the issuance of $9,541,577 in acquisition and rehabilitation financing for HELP Walter Reed Apartments (1324 Main Drive NW) in Ward 4.