CalHFA’s Single Family Lending Division has added another home loan program to its portfolio, helping Native Americans in California become homebuyers through the Department of Housing and Urban Development’s Section 184 Indian Home Loan Guarantee Program. The program provides competitive interest and mortgage insurance rates, and can be paired with CalHFA’s MyHome or School Teacher and Employee down payment programs.
The Iowa Finance Authority recently recognized outstanding affordable housing initiatives and leaders with HousingIowa Awards at the 2019 HousingIowa Conference in Cedar Rapids. The HousingIowa Awards recognize outstanding programs, projects and professionals for leadership and innovation in advancing affordable housing development in Iowa. The award categories include: Innovation, Multifamily, Single-Family, Special Needs Development and Legislative Friend of Housing.
The District of Columbia Housing Finance Agency (DCHFA) ended the month of August by funding a third development in Ward 7. On August 29, DCHFA issued $18.6 million in bond financing and underwrote $12.5 million in low income housing tax credit equity for the construction of The Solstice II (3500 East Capitol Street NE Apartments).
The Wisconsin Housing and Economic Development Authority (WHEDA) has promoted Matt Childress to Commercial Lending Product Manager. As Product Manager, Childress will lead WHEDA’s Housing Tax Credit program and will be responsible for the implementation and oversite of the tax credit Qualified Allocation Plan. He will also engage with internal leadership and external partners to manage and monitor WHEDA’s housing policies and programs.
Colorado Housing and Finance Authority (CHFA) is pleased to announce Charles L. Borgman has been named interim general counsel. Borgman, an attorney with the Colorado law firm, Ireland Stapleton Pryor & Pascoe, PC, takes on this position after serving as CHFA’s general counsel from 2004 to 2016.
The Iowa Finance Authority today announced the availability of new economic and housing data and forecasts. The information is available on the Iowa Profile, a centralized and interactive collection of demographic, economic and housing data. The Profile was commissioned by the Iowa Finance Authority and developed by Western Economic Services, LLC.
MassHousing Closes on $5.5 Million in Financing for 62 New Units of Mixed-Income Rental Housing for Senior Citizens in Brookline
MassHousing has closed on a total of $5.5 million in affordable housing financing to 2Life Communities for the development of the Harold and Ronald Brown Family House, which will create 62 new, mixed-income, service-rich, rental housing units for senior citizens in Brookline. 2Life Communities will develop the new supportive housing on a parcel near Coolidge Corner through a ground lease with Congregation Kehillath Israel (KI).
The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals for new construction or the rehabilitation of mixed-use projects seeking financial support. Funding will be provided through the Community Revitalization Fund Program. Mixed-use projects combine residential and retail/commercial space in the same building and often serve as a catalyst for neighborhood revitalization. The deadline for proposal submission is 2 p.m. on Oct. 18.
Governor Larry Hogan today announced Community Development Block Grant (CDBG) awards for Fiscal Year 2020. The Maryland Department of Housing and Community Development will administer more than $4.2 million in CDBG funding for nine community development and infrastructure projects. "These awards reinforce my administration's strong support of projects and initiatives in rural Maryland," said Governor Hogan.
Colorado Housing and Finance Authority (CHFA) is pleased to announce it has partnered with ROC USA® Capital and Impact Development Fund on a unique transaction to support the preservation of The Longmont Mobile Home Community (Longmont MHC) by converting its structure to a resident-owned cooperative. This cooperative (LMP Co-op) eliminates the homeowners’ risk of displacement, gives them more control over lot rent fluctuations, and preserves affordable homeownership in Longmont.