HFA News
Iowa Finance Authority Awards More Than $9 Million to Local Housing Trust Funds to Advance Housing Priorities
The Iowa Finance Authority Board of Directors today announced the award of a total of more than $9 million in grants to 27 Local Housing Trust Funds to support local housing initiatives. The grant awards are made available through the Local Housing Trust Fund program and are expected to assist more than 2,100 families. āThe 2022 Local Housing Trust Fund awards represent the largest amount allocated through the program for local housing initiatives since the programās inception,ā said Iowa Finance Authority Executive Director Debi Durham.
Maryland Department of Housing and Community Development Announces $178.1 Million in Emergency Rental Assistance Funding Provided for Tenants and Landlords Affected By COVID-19 Pandemic
The Maryland Department of Housing and Community Development today announced the Emergency Rental Assistance Program has approved $178.1 million to assist nearly 28,000 renter households affected by the COVID-19 pandemic as of October 31. This effort exceeds the U.S. Treasury spending goals for the program, and ensures that remaining program funds will stay in Maryland and continue to help tenants and landlords in need.
New Hampshire Housing Names Robert Dapice as Executive Director/CEO
After an extensive national search, the New Hampshire Housing Board of Directors has named Robert (Rob) Dapice as Executive Director/CEO of the organization, as of January 1, 2022. Dapice will succeed Dean Christon, a well-respected and nationally recognized affordable housing advocate and leader who will retire December 31, 2021 after 34 years of service with New Hampshire Housing.Ā
MaineHousing Announces Old Orchard Beach Affordable Housing Ground Breaking for Milliken
The Szanton Company, a Portland-based housing developer, broke ground today on a major affordable housing development that will create an influx of new year-round housing for Old Orchard Beach residents who areĀ 55 or older. The Milliken Heights development, at 38 Portland Avenue will add a 55-unit apartment building that includes 42 units for households earning below 60 percent of the area median income. The other 13 units will be rented at market rent.
MassHousing Closes on $9 Million in Financing for the Development of Phase I of the Woodland Cove Affordable Rental Housing Community in WarehamāÆ
MassHousing has closed on $9 million in financing to Dakota Partners, Inc., to support the development of Phase I of the Woodland Cove affordable rental housing community in Wareham.Ā Dakota Partners is developing the eight-acre site in three phases and Phase I will involve the construction of 63 new rental homes, including seven workforce housing units. Overall, the three-phase development will result in 150 new apartments at Woodland Cove.Ā
State to Release Results of First Housing Study in Nearly Three Decades
A year-long comprehensiveĀ statewide housing needs assessmentāthe first of its kind undertaken in 27 yearsāis nearing completion, and Kansans are invited to learn about preliminary findings in a series of regional community meetings. The study identifies current housing needs and growth opportunities, including goals to guide the stateās future housing development efforts. āFor too long, Kansas has operated without a strategic focus to guide our housing investment, hindering our stateās economic development,ā said Ryan Vincent, Executive Director of Kansas Housing Resources Corporation.
MassHousing Closes on $35.3 Million in Financing for the Refinancing and Major Renovation of the 78-Unit Bancroft Dixwell Apartments in BostonāÆ
MassHousing has closed on $35.3 million in affordable housing financing to Urban Edge for the refinancing and extensive renovation of the 78-unit Bancroft Dixwell Apartments in Roxbury and Jamaica Plain.āÆUrban Edge will utilize the funding to make substantial renovations to the properties, investing approximately $17 million in property upgrades. As part of the transaction, Urban Edge is merging the 45-unit Bancroft Apartments, and the 33-unit Dixwell Apartments,Ā in Roxbury and Jamaica Plain, into one scattered-site entity.Ā Ā
CalHFAās Innovative Bond Recycling Program Ramps Up
Following its launch last year, the California Housing Finance Agencyās Bond Recycling Program has steadily gathered interest from local government partners as well as affordable housing developers, leading to todayās announcement of two groundbreaking local partnerships that truly represent a milestone in the world of housing finance.
Kansas Housing Announces New Senior Leaders
Erin BeckermanĀ joins KHRC as General Counsel, following 10 years in private practice at Riordan, Fincher & Beckerman P.A. in Topeka. Jason FizellĀ directs theĀ Kansas Emergency Rental Assistance (KERA) program, a federally funded relief initiative to support Kansas tenants and landlords financially impacted by the COVID pandemic. Marilyn StanleyĀ joined KHRC in March as the Community Services Block Grant (CSBG) Program Manager and was promoted to direct the forthcomingĀ Kansas Homeowner Assistance Fund (KHAF).
Gov. Edwards, Mayor Hunter Announce $11.3 Million Housing Rehab Program for Lake Charles Residents
"This critical program will help some people impacted by these severe weather events repair their homes, but we are well aware that this is only a start. A large portion of CDBG funding recently allocated to the state of Louisiana for long-term recovery related to the 2020 disasters will go to address unmet housing needs,Ā but the program announced today is a product of the state and city working together to jumpstart that process while we wait for these funds to become available,ā Gov. Edwards said.