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WHEDA Awards National Housing Trust Funds
Three projects that will provide housing to extremely low-income elderly and disabled residents have been awarded a total of $1.3 million in National Housing Trust Fund financing by the Wisconsin Housing and Economic Development Authority (WHEDA). The projects, in Madison, McFarland and Fond du Lac, previously received state and federal 4% housing tax credits administered by WHEDA.
Maryland Department of Housing and Community Development Announces Launch of Emergency Rental Assistance Data Dashboard
The Maryland Department of Housing and Community Development today announced the launch of the Emergency Rental Assistance Data Dashboard to track the progress local jurisdictions are making in distributing relief funds for tenants and landlords affected by the COVID-19 pandemic. The dashboard focuses on the first round of funding through the federal Emergency Rental Assistance Program, which launched statewide in Maryland in mid-May 2021.
Illinois Rental Payment Program Provides Over $209 Million to Renters and Landlords Impacted By COVID-19
Governor JB Pritzker, along with the Illinois Housing Development Authority (IHDA) and the Illinois Department of Human Services (IDHS), announced that more than $209 million in rental assistance has been paid on behalf of 26,300 renter households impacted by COVID-19. With over 40% of the $500 million in available funds committed to being paid, Illinois is ramping up its distribution of assistance through the Illinois Rental Payment Program (ILRPP) and was the second highest provider of rental assistance among all states in June.
NCSHA Washington Report | August 13, 2021
An avalanche of missed payments that buries borrowers of color deepest. A burdensome legacy of debt that denies affordable housing opportunity. An expensive policy problem that divides Democrats...
NCSHA Urges IRS and Treasury to Extend Housing Credit COVID-19 Relief
On August 13, NCSHA sent the Internal Revenue Service (IRS) and U.S. Department of the Treasury (Treasury) a letter urging them to extend certain temporary Housing Credit relief provisions in IRS Notice 2021-12 in light of the continuing disruption the COVID-19 pandemic is having on development and construction activities and the ongoing operation of Housing Credit properties.
DCHFA Finances 41 New Affordable Apartments in Congress Heights
On August 6, the District of Columbia Housing Finance Agency (DCHFA) issued $10.3 million in tax-exempt bond financing and underwrote $8.9 million in four percent Low-Income Housing Tax Credits for the construction of 41 new affordable rental homes at 17 Mississippi Avenue Apartments. “Congress Heights has become one of Ward 8’s most sought after neighborhoods for commercial development and homebuyers. As development and home values increase, DCHFA’s investment helps to ensure that residents at all income levels will be able afford to live here and enjoy the neighborhood’s growth.”
Kansas Housing Awards $6.8 Million to Support Affordable Housing Development
Twelve Kansas communities will add a collected 540 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process. The awards, totaling $6,806,417, will help finance the construction of 324 new homes and the rehabilitation of 216 existing homes for Kansas seniors and families. “Our state has long experienced a shortage of quality, affordable housing—a reality that has only been exacerbated by the COVID pandemic,” said Ryan Vincent, Kansas Housing’s Executive Director.
Senate Democrats’ Budget Resolution Calls for Historic New Investments in Affordable Housing
Senate Majority Leader Chuck Schumer (D-NY) Monday morning released the text of an agreement Senate Democrats reached on a proposed Budget Resolution for fiscal year (FY) 2022. This legislation would authorize $3.5 trillion in new federal spending for a variety of purposes, including affordable housing. Schumer also released a memorandum sent to Senate Democrats which calls for increased spending on some federal housing programs, including HOME, the Housing Trust Fund, and housing tax incentives, to be included among the investments.
NCSHA Washington Report | August 6, 2021
A worrisome trend may be making it harder to build affordable housing, especially in Black and Brown neighborhoods already dealing with disinvestment: insurance company “crime scores.” The...
Rental, Utility Assistance Available When Eviction Moratorium Expires
Kansas Housing Resources Corporation (KHRC), the state’s housing finance agency, has provided $21,670,326.79 in emergency rental and utility assistance to 4,054 Kansas households experiencing financial hardship as a result of the COVID pandemic. The funds, made available through the Kansas Emergency Rental Assistance (KERA) program, were allocated to the state through the federal Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
Statement by HUD Deputy Secretary Todman on the Department Efforts to Connect People to Emergency Rental Assistance and Prevent Evictions
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman on Wednesday issued the following statement following the Centers for Disease Control’s (CDC)...
FHFA Encourages Landlords of Enterprise-Backed Properties to Apply for Emergency Rental Assistance Before Evicting Tenants
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) is encouraging landlords of properties backed by Fannie Mae or Freddie Mac (the Enterprises) to apply for Emergency Rental...
