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HFA News
Governor Hochul and Mayor Adams Announce Construction to Begin on $100 Million Mixed-Use Affordable Housing Development in Queens
Governor Kathy Hochul and Mayor Adams today announced the start of construction on a $100 million affordable and supportive housing development in Far Rockaway, Queens. The 17-story building with 194 apartments is the first phase of an 11-phase master redevelopment at the former Peninsula Hospital Center site. Known as Edgemere Commons, the mixed-use community will eventually offer over 2,000 affordable homes, retail, community space, medical facilities, and outdoor public space.
Governor McKee and RIHousing Announce Funding Award to Develop a Pipeline of New Affordable Housing
Governor Dan McKee and RIHousing announced the award of $150,000 in funds to help Rhode Island develop a pipeline of sustainable, affordable and service-enriched housing developments that address specific healthcare and affordable housing needs in Rhode Island communities that require it most. The funds will help RIHousing, the state’s housing finance agency, to establish a Housing, Health and Equity Partnership with a broad range of entities and community organizations across the state.
Tax Credits Combine with Pandemic Relief Funds to Support Affordable Vermont Apartments
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced this week that its annual award of federal housing tax credits will support the construction of 109 permanently affordable apartments in four communities across the state. The sale of this year’s tax credits to investors is expected to yield nearly $25 million in funding, which will cover an estimated 55 percent of total project development costs.
MassHousing Closes on $38.5 Million for Refinancing and Renovations at Two Brockton Affordable Housing Communities
MassHousing has closed on a total of $38.5 million in affordable housing financing to Beacon Communities LLC, to preserve affordability at two affordable housing communities in Brockton. The MassHousing financing will also allow Beacon Communities to complete approximately $10.7 million in combined property improvements.
Governor Ron DeSantis and Florida Housing Finance Corporation Announce Launch of Florida Hometown Heroes Housing Program
Yesterday, Governor Ron DeSantis and the Florida Housing Finance Corporation announced the June 1 launch of the Florida Hometown Heroes Housing Program to help Floridians in over 50 critical professions purchase their first home. The Hometown Heroes Housing Program will be available to Floridians including law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.
MassHousing Closes on $21.4 Million for the Refinancing and Extension of Affordability at the 103-Unit Wilkins Glen in Medfield
MassHousing has closed on $21.4 million in affordable housing financing to Beacon Communities LLC for the refinancing and extension of affordability at the 103-unit Wilkins Glen in Medfield.
CHFA Receives Grant to Support Health and Housing Sector Collaboration
Colorado Housing and Finance Authority (CHFA) is pleased to announce it has been awarded a $150,000 grant to advance strategic partnerships with health organizations to support affordable housing in Colorado. The grant was awarded by the National Council of State Housing Agencies (NCSHA) and funded by the Robert Wood Johnson Foundation.
PHFA Receives Grant to Build Stronger Relationships with Health Organizations
The Pennsylvania Housing Finance Agency today announced that it is one of six housing finance agencies (HFAs) in the country that have received a grant to develop strategic partnerships with hospitals and other health organizations to finance affordable housing.
MSHDA Board Approves Issuance of More than $332 Million in Single-Family Revenue Bonds
The Michigan State Housing Development Authority (MSHDA) Board today approved the issuance of $332,305,000 in Single-Family Mortgage Revenue Bonds at its May meeting. The 2022 Series A, B and C bonds will be used to fund single-family mortgages at lower-than-current market rates and provide down payment assistance loans, making homeownership more attainable for approximately 1,660 families across Michigan.
Governor Hogan Announces Plan to Deploy $198 Million in Small Business Relief
Governor Larry Hogan today announced that the State of Maryland will deploy up to $198 million in federal small business relief through the State Small Business Credit Initiative (SSBCI). Maryland was the first state in the nation to submit its SSBCI deployment plan to the United States Treasury Department, and today was one of the first five states to be approved.
