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NCSHA Washington Report | March 17, 2023
The most visible fallout from the failure of Silicon Valley Bank and Signature Bank affecting affordable housing so far has been local. SVB reportedly had provided $2.7 billion to finance...
Governor Signs Legislation to Provide Millions In Funding to Address Affordable Housing Crisis in New Mexico
On Wednesday, March 15, Governor Michelle Lujan Grisham signed into law Senate Bill 381, bipartisan legislation that will provide an estimated $37 million in funding this year to the New Mexico Housing Trust Fund, which is administered by the state’s housing agency, the New Mexico Mortgage Finance Authority (MFA).
MSHDA Board Supports Bond Sales for Down Payment Assistance, New Gap Funding Program and Affordable Housing Development Projects
In its March meeting, the Michigan State Housing Development Authority (MSHDA) Board approved the issuance and sale of revenue bonds to be used to provide down payment assistance (DPA) loans to Michiganders while also approving a new gap financing program and funding for affordable housing projects in Grand Rapids, Flint and St. Clair.
Treasury Highlights American Rescue Plan Act Achievements on Second Anniversary of Its Passage
This week, the Treasury Department celebrated the second anniversary of the signing of the American Rescue Plan Act (ARPA), which authorized key emergency programs in response to the coronavirus pandemic and the economic fallout it created. State housing finance agencies have played an integral role in the implementation of the ARPA programs that kept Americans stably housed during the pandemic and facilitated the financial feasibility of housing development despite a volatile economic environment. ARPA-authorized housing programs include the Emergency Rental Assistance (ERA) 2 program (ERA 1 having been authorized in other legislation shortly before ARPA’s enactment), the Homeowner Assistance Fund (HAF), the Coronavirus State and Local Fiscal Recovery Fund (FRF), and the HOME-ARP program at HUD.
Bowling Green Habitat for Humanity Dedicates 100th Home
On Thursday, March 9, 2023, Habitat for Humanity Bowling Green/Warren County (BG/WC) dedicated its 100th home, which was built in part by funds from Kentucky Housing Corporation (KHC).
RIHousing, OER, and Rhode Island Energy Launch Request for Proposals for Green & Energy Efficient Housing
RIHousing, the Rhode Island Office of Energy Resources (OER) and Rhode Island Energy (RIE) have released a Request for Proposals (RFP) for the 2023 Zero Energy for the Ocean State (ZEOS) Program.
Biden – Harris Administration Releases Additional Details on FY24 Budget Proposal
The Biden – Harris Administration has released supplementary materials for its Fiscal Year 2024 (FY24) budget request, including appendices and congressional justifications for relevant agencies. This blog post, which supplements NCSHA’s initial overview of the FY24 budget request, highlights several items that may be of particular interest for HFAs.
On American Rescue Plan’s Second Anniversary, Treasury Releases New Data on Act’s Historic Investments in Economic Growth
Two years in, ARP has delivered over 10.3 million payments to renters in need, provided direct aid to more than 30,000 state and local governments, funded projects that will connect over 1.4 million...
South Dakota Housing Unveils New Logo, Brand, and Website
South Dakota Housing is proud to announce the launch of its new logo, brand, and shortened name, reflecting the organization's continued commitment to providing affordable housing options for all residents of the state.
Michigan’s First Statewide Housing Plan Implementation Spurs Regional Housing Partnership Meetings
The Michigan State Housing Development Authority (MSHDA) is holding 15 Regional Housing Partnership (RHP) meetings to discuss the implementation of the Statewide Housing Plan (SHP).
NCSHA Washington Report | March 10, 2023
You could be forgiven for experiencing a bout of optimism about affordable housing’s relevance as a matter of national policy after this week in Washington. President Biden’s budget...
OHCS Launches New Updates to Data Dashboards on Affordable Rental Housing and Homeownership
Oregon Housing and Community Services has worked over the past several years to build up data systems to improve transparency around affordable housing development and services provided to households with low to moderate incomes.
