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Connect Maryland: Governor Hogan Announces More Than $127.6 Million for Broadband Grants
Governor Larry Hogan today announced that, through the state’s Connect Maryland initiative, the Office of Statewide Broadband has awarded more than $127.6 million to local jurisdictions, Internet Service Providers, educational, and community organizations to increase high-speed internet access and affordability.
Governor Hogan Announces Project Restore Now Accepting Additional Applications from New or Expanding Maryland Businesses
Governor Larry Hogan today announced the opening of the second application round for Project Restore, an economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space.
MassHousing Closes on $8.5 Million in Financing for the Final Phase of the Woodland Cove Affordable Rental Housing Community in Wareham
MassHousing has closed on $8.5 million in affordable housing financing to Dakota Partners, Inc., to support the final phase of development of the Woodland Cove housing community in Wareham.
Governor Hochul Announces $104 Million Awarded to 16 Developments Across New York to Provide 864 Affordable Homes
Governor Kathy Hochul today announced that $104 million has been awarded to create or preserve 864 affordable homes in 16 separate developments across New York. The funding announced today will further local economic development initiatives, expand the housing supply in every region, fight homelessness with supportive services for vulnerable populations, and help close the digital divide for lower-income households.
Virginia Housing Awards $46 Million to 25 Redevelopment and Housing Authorities in the Commonwealth
Virginia Housing has allocated a percentage of its annual REACH resources to support public housing revitalization. (REACH is a multifaceted resource that Virginia Housing uses to support vital housing initiatives through its Homeownership, Rental and Community Outreach programs).
House Appropriations Committee Passes FY 2023 Spending Bill
Last week, the House Appropriations Committee passed the Transportation, Housing and Urban Development, and Related Agencies fiscal year 2023 appropriations bill, which would increase annual funding levels for U.S. Department of Housing and Urban Development (HUD) programs in FY 2023. The bill would provide $62.7 billion for HUD programs and activities, $9 billion more than the FY 2022 enacted level and $1.1 billion above President Biden’s FY 2023 budget request.
Maryland Mortgage Program Announces Diversification of Loan Products
The Maryland Department of Housing and Community Development’s Maryland Mortgage Program today announced the launch of new loan products to provide more flexible options of down payment and closing cost assistance.
WHEDA Foundation Opens 2022 Housing Grant Cycle
Organizations throughout Wisconsin that provide emergency shelter, transitional residences, and extremely low-income housing are encouraged to apply for grants from the WHEDA Foundation.
State of the Nation’s Housing 2022 Report Highlights Housing Affordability Challenges
Last week, the Joint Center for Housing Studies of Harvard University released its annual report “The State of the Nation’s Housing 2022.” The report finds that, after record-breaking increases in home prices and rents in 2021, the housing market is likely to cool in 2022 as higher interest rates settle the home buyer market and the increase in construction of new apartments brings some relief to renters. However, the report indicates that the combination of higher interest rates, insufficient housing supply, and price surges for gas, food, and other necessities is expected to have a greater impact on lower-income households and households of color, especially as funding from emergency government support during the pandemic winds down.
MSHDA Announces Availability of $10 Million in Nonprofit and Government Funding for Energy-Oriented Home Repair Projects
Today, the Michigan State Housing Development Authority (MSHDA) announced the creation of a $10 million grant program to empower local government and nonprofit agencies with resources to help low-income families make energy-efficient home upgrades and repairs.
Construction Financing and Land Transfer Unlock the Transformation of 31 Elm Street in Springfield by WinnDevelopment and Opal Real Estate
Today the City of Springfield, MassHousing, MassMutual, MGM Springfield, WinnDevelopment and Opal Real Estate Group jointly announced the closing of construction financing and the conveyance of 31 Elm Street in downtown Springfield. Together, these project milestones will allow WinnDevelopment and Opal Real Estate to transform the historic former Court Square Hotel at 31 Elm Street into 74 new mixed-income rental homes.
Vermont Housing Finance Agency Receives $4 Million Capital Magnet Fund Award to Support 300 Affordable Homes
Vermont Housing Finance Agency (VHFA) joined Representative Peter Welch in South Burlington yesterday to announce a $4 million award from the federal government that will support the development of over 300 affordable apartments across Vermont over a three-year period.
