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Addressing New Mexico’s Affordable Housing Crisis: MFA’s State Tax Credit Program Offers Hope and Incentives
A study commissioned in 2022 by the New Mexico Mortgage Finance Authority (MFA) has highlighted critical issues affecting New Mexico’s housing marketing.
Senior Citizens Living at the Bixby Brockton Apartments Will See the Long-Term Extension of Affordability and Property Improvements with $12.9 Million in MassHousing Financing
Senior citizens and residents with disabilities living at the 106-unit Bixby Brockton Apartments in Brockton will have affordable rents extended for the long term and the property will see approximately $800,000 in improvements as a result of $12.9 million in MassHousing financing.
Kansas Housing Awards $4.6 Million in MIH Funds, $8.9 Million in MIH-ARPA Funds, and 5.4 Million in KHITCs for Rural Housing Development
Twenty Kansas projects will receive a combined total of $4,675,000.00 in MIH funds, $8,946,000.00 in MIH-ARPA funds, and 5,474,000 in Kansas Housing Investor Tax Credits (KHITCs) to develop affordable housing for moderate-income families in rural areas of the state.
NCSHA Washington Report | August 11, 2023
The latest data on homeowner distress is heartening overall: As of June, the national number of seriously delinquent mortgages stood at a 15-year low, and foreclosures were 38 percent below their...
GAO Releases Report on Housing Trust Fund
On August 8, the U.S. Government Accountability Office released a report entitled “Affordable Housing: Improvements Needed in HUD’s Oversight of the Housing Trust Fund Program.” The report identified several deficiencies in the U.S. Department of Housing and Urban Development’s management of the Housing Trust Fund (HTF) program and included five recommendations to improve HTF oversight.
DCHFA Enters August with the Financing of 300 Affordable Apartments in Ward 5
On August 1, 2023, the District of Columbia Housing Finance Agency (DCHFA) issued $54.7 million in tax exempt bonds for the financing of 300 units of affordable housing located at Edgewood 611 NE (Edgewood 611) and Edgewood 401,415-425 NE (Edgewood Gardens), in Ward 5.
HUD Publishes Data on 2021 Housing Credit Tenant Characteristics
This week, the U.S. Department of Housing and Urban Development's Office of Policy Development and Research published demographic data on tenants living in Housing Credit properties in 2021. This data, collected annually from state Housing Credit allocating agencies as required by the Housing and Economic Recovery Act of 2008, includes state-by-state details on tenant race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden.
Minnesota Housing Welcomes Rinal Ray as Assistant Commissioner of Housing Stability
Minnesota Housing is pleased to announce its first Assistant Commissioner of the newly created Housing Stability Division. Rinal Ray joins the Agency in her new role on August 9.
Delaware State Housing Authority Announces New Program and Partnerships to Address Housing Instability
The Delaware State Housing Authority (DSHA) has awarded over $800,000 in Housing Outreach and Stability Services (HOSS) grants to five community partner organizations throughout the state.
Georgia Department of Community Affairs, Georgia Serves Grants $6.6 Million in AmeriCorps Funding for Georgia
Georgia Department of Community Affairs Commissioner Christopher Nunn announced today that Georgia Serves is granting $6,600,668 in federal AmeriCorps funding to 20 organizations across the state.
MSHDA Welcomes New Homeownership Director
The Michigan State Housing Development Authority (MSHDA) today announced Tonya Coon as its new homeownership director.
Oregon Housing and Community Services Awards $38.7 Million to Six Permanent Supportive Housing Developments Across the State
The Oregon Housing Stability Council approved $38.7 million in Permanent Supportive Housing (PSH) funding for six affordable housing developments across the state. These investments from Oregon Housing and Community Services (OHCS) will provide 227 homes for people experiencing chronic homelessness or who need supportive services in addition to housing.
