The Hogan administration today announced the results of the Maryland Department of Housing and Community Development's 2020 application round for federal Low Income Housing Tax Credits and state Rental Housing Funds. Nearly $40 million in state funds and federal tax credits have been awarded to 18 projects, which will result in the creation or preservation of 2,144 high quality, energy-efficient, affordable rental units. This is the largest number of units financed through one application round in the history of the program in Maryland, surpassing the previous record of 1,837 units financed in 2019.
Maryland Department of Housing and Community Development Announces Fiscal Year 2021 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development is announcing a second Fiscal Year 2021 application round for two additional State Revitalization Programs. The National Capital Strategic Economic Development Fund ("NED") is a program for the greater National Capital Region of Maryland that provides competitive funding for strategic investment in local housing and businesses to encourage healthy, sustainable communities with a growing tax base and enhanced quality of life.
Energy and housing leaders applauded Governor Phil Scott’s announcement today in his budget address to invest $25 million in weatherization, which will be leveraged to generate $68 million for projects across the state. Especially for low- and moderate-income Vermonters, weatherization makes housing more affordable by improving the energy efficiency of a home or building. The result is improved health of residents, greater comfort from cold and heat, reduced energy costs, and lower carbon emissions.
Utah Housing Corporation Announces Additional $5.3 Million Housing Credits to Advance Affordable Rental Housing Across the State
On March 18, 2020, a 5.7 magnitude earthquake hit the Salt Lake Valley, with an epicenter 6 km north-northeast of Magna, Utah. Because of this earthquake, the State of Utah was approved for a federal disaster declaration. The Consolidated Appropriations Act of 2020, H.R. 144, signed into law by President Trump on December 27, 2020 allocated additional 9% Housing Credits, to several states affected by natural disasters in 2020. Utah received an additional $5,300,000 of Housing Credits.
The North Dakota Continuum of Care (ND CoC) will conduct a Point-in-Time (PIT) Count of the people in the state who are experiencing homelessness on Jan. 27, 2021. “The data collected during the Point-in-Time Count is used to measure homelessness at a local, state and national level,” said Dave Flohr, North Dakota Housing Finance Agency (NDHFA) executive director. “The information helps to identify strengths and service gaps, increase public awareness, measure progress, and assist local entities with system planning and responses.”
Affordability Extended for Lower-Income Households and Senior Citizens at Dorchester Housing Community as a Result of $14.8 Million in MassHousing Financing
MassHousing has provided $14.8 million in affordable housing financing to School House Brookledge Cummins Limited Partnership, an affiliate of EAF Associates, to preserve the affordability of the 90-unit School House Brookledge Cummins property in Dorchester. As a result of the MassHousing financing, affordability protections for lower-income households and senior citizens living at the property will be extended by at least 28 years.
Customers of Kansas Gas Service, a division of ONE Gas Inc., may qualify for up to $5000 in weatherization-related home repair assistance thanks to a new partnership between the energy company and Kansas Housing Resources Corporation (KHRC), the state’s housing finance agency. The funding, made possible through an $80,000 grant from the ONE Gas Foundation, will finance essential home repairs and upgrades to enable weatherization services.
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Sen. Rachel Zenzinger has been appointed to serve on its board of directors. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development. Sen. Zenzinger represents Senate District 19 in Jefferson County. She is a leading voice in the Colorado General Assembly for increased funding to advance the state’s diverse housing needs.
Colorado Housing and Finance Authority (CHFA) is pleased to welcome Margie Joy and Christopher Lopez as its newest community relationship managers serving the Western Slope and southwest Colorado. In their roles, Joy and Lopez will help CHFA advance its work to strengthen Colorado by investing in affordable housing and economic development. CHFA partners with the private, nonprofit, and public sectors to support affordable homeownership, the development and preservation of affordable rental housing, and help small- and medium-sized businesses access capital.
Governor Larry Hogan today announced $30 million in awards for more than 90 live music and performance venues, live entertainment promoters, and independently-owned local movie theaters whose operations have been impacted by COVID-19. This is part of the more than $700 million in emergency economic relief provided by the State of Maryland. "These awards will save hundreds of jobs and help many of Maryland's entertainment venues sustain their operations until they can safely and fully reopen," said Governor Hogan.