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MFA Awards $7.3 Million in Funding to Help Create and Preserve Affordable Housing throughout New Mexico
The Board of Directors for the New Mexico Mortgage Finance Authority (MFA) recently approved $7.3 million in New Mexico Housing Trust Fund (NMHTF) funding awards to help create and preserve affordable housing for more than 400 families across Las Cruces, the San Felipe Pueblo, Santa Fe, Raton, Española, Las Vegas, Albuquerque, and other cities throughout New Mexico.
Leadership Changes at Kentucky Housing Corporation
Effective September 1, 2023, Tracy Thurston will become chief financial officer (CFO) and deputy director of finance and investments for Kentucky Housing Corporation (KHC), overseeing KHC’s finance, accounting, Single Family Programs and Loan Servicing departments. At that time, Jim Statler, KHC’s current CFO and deputy executive director, will transition to the role of senior financial adviser, working on strategic projects and serving as a resource to Tracy.
CHFA Awards $9.6 Million in Federal Tax Credits for Affordable Housing Development
The Connecticut Housing Finance Authority (CHFA) today announced awards of $9,588,663 in Federal 9% Low-Income Housing Tax Credits (LIHTC). The tax credits are estimated to generate more than $90 million in equity from private investors for seven proposed affordable multifamily housing developments in Connecticut.
Applications for Emergency Solutions Grants Funds Being Accepted
South Dakota Housing is seeking applicants for the Emergency Solutions Grants Program. The Emergency Solutions Grants Program (ESG) is a federal block grant authorized by the McKinney Vento Homelessness Assistance Act and is funded by the US Department of Housing and Urban Development.
Pritzker Administration Provides $15.3 Million in Home Improvement Grants
The Illinois Housing Development Authority (IHDA) today announced the grand opening of the Home Repair and Accessibility Program (HRAP) designed to assist low-income and very low-income homeowners with health, safety, accessibility, and energy efficiency repairs to their homes.
VHFA Provides $28 Million for Affordable Housing
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced last week that its annual award of federal housing tax credits will support the construction of 112 homes in perpetually affordable apartment buildings in four communities across the state. The sale of this year’s tax credits to investors is expected to yield over $28 million in funds covering an estimated 60 percent of total project development costs.
KHC Celebrates Grand Opening of Stonewall Terrace in Lexington
Kentucky Housing Corporation (KHC) joined Lexington Mayor Linda Gorton, Representative Cherlynn Stevenson, Senator Reginald Thomas, and others on Friday, April 21, 2023, to dedicate Stonewall Terrace, a 26-unit permanent supportive housing community in Lexington developed through a partnership between AVOL and Winterwood, Inc.
NCSHA Submits Comments to HUD on Affirmatively Furthering Fair Housing
In its submitted comments, NCSHA applauds HUD for repealing the 2020 Preserving Community and Neighborhood Choice rule, which we believe would not have resulted in meaningful planning and strategies to meet the statutory obligation to affirmatively further fair housing, and for seeking to streamline and improve the 2015 Affirmatively Furthering Fair Housing rule rather than reinstating it without critical examination and revisions to reduce its substantial burden on HUD program participants. In general, NCSHA believes HUD has taken substantial steps towards improving the process for fair housing planning. However, NCSHA also believes HUD can and should do more to further streamline aspects of the rule, clarify program participants’ responsibility, and reduce duplication of efforts and better coordinate planning when different HUD program participants serve the same geographic areas.
HUD Outlines its Action Plan to Remove Unnecessary Barriers to Housing for People with Criminal Records
In weeks ahead, HUD will introduce rulemaking, establish a process for individualized assessments, and outline guidelines for public housing authorities HUD Secretary challenges public housing...
Maryland Mortgage Program Recognizes Top Lender and Realtor Partners at Annual Awards Ceremony
The Maryland Department of Housing and Community Development recognized the top performing lender and realtor partners of 2022 on Thursday during the Maryland Mortgage Program’s annual awards event, which featured remarks from Secretary Jake Day and the MMP leadership team, as well as from US Bank, Maryland REALTORS, Freddie Mac, and the Maryland Bankers and Brokers Association.
MSHDA Board Supports Newcomer Rental Subsidy Program and Development Projects to Increase Affordable Housing Statewide
The Michigan State Housing Development Authority (MSHDA) Board approved a Newcomer Rental Subsidy (NRS) program that will provide temporary support for refugees and other immigrant populations coming to the state. MSHDA also authorized funding for rehabilitation projects for two multifamily properties in New Baltimore and Eaton County, during its April meeting.
NCSHA Washington Report | April 21, 2023
One of the reasons the Fair Housing Act, sometimes called the “last plank” of the civil rights movement, has been perhaps the hardest of all to put in place is because it not only bars...
