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Federal Reserve Takes Additional Actions to Provide Up to $2.3 Trillion In Loans to Support The Economy
The Federal Reserve, on April 9, took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the...
The Coronavirus is Exposing America’s Housing Crisis
Just as Americans are being instructed to stay home, it’s becoming one of the hardest things to afford. On March 31, about 300 tenants received an email from their apartment management company. The...
Top Loan Officers and Lenders Recognized by NHHFA for Outstanding Efforts in Assisting Homebuyers
Lenders and loan originators were recently recognized by New Hampshire Housing for helping 2,000 homebuyers find affordable homes and loans last year. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through New Hampshire Housing programs in 2019.
Funding Available Through the CARES Act for Nonprofits and Units of Local Government to Provide Emergency Shelter and Homelessness Prevention
Per the CARES Act, South Dakota has initially received an allocation of $2,199,893 of special ESG program funds to be used to prevent, prepare for, and respond to the coronavirus pandemic (COVID-19) among individuals and families who are homeless or receiving homeless assistance; and to support additional homeless assistance and homelessness prevention activities to mitigate the impacts of COVID-19.
NCSHA Washington Report | April 3, 2020
The high-level task force Treasury Secretary Mnuchin assembled to craft a federal response to the financial crisis facing the mortgage servicing industry in this new era of mass...
HUD Moves Quickly To Make $3 Billion of COVID-19 Relief Funding Available To Communities Across The Nation
After the President signed the CARES Act last Friday, Secretary Ben Carson directed the U.S. Department of Housing and Urban Development (HUD) to immediately begin allocating $3.064 billion to help...
U.S. Holds Off on Extending Virus Aid to Mortgage Servicers
U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed payments from borrowers hurt by the coronavirus crisis, according to people familiar with...
HUD Issues New Cares Act Mortgage Payment Relief for FHA Single Family Homeowners
Washington - On April 1, the U.S. Department of Housing and Urban Development announced a tailored set of mortgage payment relief options for single-family homeowners with FHA-insured mortgages who...
DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments. “At DCHFA we are equally focused on preserving and modernizing existing affordable housing while also creating new units of affordable housing.
HUD Publishes Report on Housing Credit Tenant Characteristics
The U.S. Department of Housing and Urban Development has published "Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units as of December 21, 2017." The report provides demographic data about Housing Credit tenants, including race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden, as required by the Housing and Economic Recovery Act of 2008. HUD typically publishes this report annually; however, publication last year — which would have covered data through the end of 2016 — was delayed due to the government shutdown in early 2019. HUD ultimately decided to wait until 2020 to publish the report, which covers both 2016 and 2017 tenant data submissions from state Housing Credit agencies.
Florida Housing Finance Corporation Successfully Offers Assistance to Homeless Schoolchildren in Santa Rosa County
Florida Housing Finance Corporation (Florida Housing) has recently released its findings from a pilot program conducted in Santa Rosa County looking at the significant need for affordable, permanent housing options for homeless families with school-aged children. The state of Florida currently has more than 96,208 homeless schoolchildren, and in many cases, a lack of stable housing prevents these children from attending school on a consistent basis.
VHFA Awards Federal Tax Credits for Future Construction of Affordable Apartments Statewide
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal housing tax credits will support the development of 130 permanently affordable apartments in five communities across the state. “Despite the unique circumstances caused by the coronavirus outbreak, it was very important for VHFA to move ahead with the tax credit allocation,” remarked VHFA Executive Director Maura Collins.
