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CHFA Awarded $9 Million in Capital Magnet Funds to Support Affordable Housing
Colorado Housing and Finance Authority (CHFA) has been awarded a $9 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 59 total recipients nationwide.
State Agencies and Domestic Violence Organizations to Launch the First Statewide Database Solution for Survivors of Domestic Violence
The Michigan State Housing Development Authority (MSHDA), the Michigan Department of Health and Human Services (MDHHS), Division of Victim Services (DVS), Michigan Coalition to End Domestic and Sexual Violence (MCEDSV), and Michigan Coalition Against Homelessness (MCAH), are pleased to announce that Apricot/Social Solutions has been selected to establish a single comparable database to support domestic violence, sexual assault, and human trafficking survivors and homelessness.
MSHDA Board Approves Funding for Four Housing Development Projects to Create or Preserve More than 760 Affordable Rental Housing Units
Housing developments in Clawson, Detroit, Grand Rapids and Kalamazoo received loan approval from the Michigan State Housing Development Authority (MSHDA) Board this week to construct 466 new affordable apartments and preserve 300 more across the three projects.
Financial Services Committee Advances Bill to Establish Down Payment Assistance Program
The House Financial Services Committee voted Thursday afternoon to favorably report legislation, the Downpayment Toward Equity Act (H.R. 4495), that would establish a grant program to provide down payment and other home purchase assistance to underserved home buyers. NCSHA supported the legislation, which was introduced by Committee Chair Maxine Waters (D-CA), and worked with Committee staff to strengthen it.
Virginia Housing and Its Partners Unveil the First 3D-Printed Home in Richmond
The future of innovative, creative and affordable homebuilding is on display just off Midlothian Turnpike at 217 Carnation St., and a new homeowner will soon be moving in the city’s first 3D-printed home.
Cortez Masto and Moore Introduce Legislation to Strengthen MRBs and MCCs
Senator Catherine Cortez Masto (D-NV) and Representative Gwen Moore (D-WI) earlier today introduced the Affordable Housing Bond Enhancement Act. This legislation, which NCSHA has worked on closely with the senator’s and congresswoman’s offices, will expand the HFAs’ ability to provide affordable homeownership by strengthening the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs.
Treasury Awards $336.4 Million for Affordable Housing Through Capital Magnet Fund
On June 22, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the recipients of the FY 2021 Capital Magnet Fund awards. 27 nonprofit housing organizations and 32 CDFIs – including five HFAs – will receive a total of $336.4 million for the development and preservation of affordable housing targeted to low-, very low-, and extremely low-income families.
New Quarterly Colorado Apartment Survey Results Published
Colorado Housing and Finance Authority (CHFA) is proud to offer the results of the newest Colorado Statewide Apartment Survey. This quarterly report summarizes the quarterly rents and vacancies of market-rate multifamily rental properties in various Colorado markets.
Pritzker Administration Provides Nearly $75 million for Affordable Housing Development
Governor JB Pritzker and the Illinois Housing Development Authority (IHDA) Board announced conditional awards using $75 million in federal funds to provide vital gap financing and complete underwriting for affordable housing developments that may have otherwise not been built due to financial challenges brought on by the COVID-19 pandemic.
NCSHA Washington Report | June 17, 2022
The fact that the most significant federal incentive for affordable apartment construction is largely a state-designed and delivered program, reflecting core federal concerns, is not news to...
Secretary Fudge Announces $520 Million to Protect Low-Income Households from Lead and Other Home Health and Safety Hazards
Secretary announces funding during visit to Pittsburgh, PA with Vice President Harris and EPA Administrator Regan WASHINGTON - U.S. Department of Housing and Urban Development (HUD) Secretary Marcia...
Delaware Mortgage Relief Program Approved by U.S. Department of the Treasury
Delaware State Housing Authority (DSHA) announced today that the Delaware Mortgage Relief Program plan received approval from the U.S. Department of the Treasury. With approval in hand, the agency is scheduled to launch the program statewide in the next 45 days.
