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CHFA Awards $11.1 Million in Federal Tax Credits for Affordable Housing Development
The Connecticut Housing Finance Authority (CHFA) today announced awards of $11,138,589 in Federal 9% Low-Income Housing Tax Credits (LIHTC). The tax credits are estimated to generate more than $103 million in equity from private investors for eight proposed affordable multifamily housing developments in Connecticut. Federal tax credit allocations are based on population, and CHFA generally receives about $10 million in credits each year.
FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS)...
Governor Hogan Announces $200 Million Affordable Housing Package to Address Rising Costs
Governor Larry Hogan today announced that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to produce more than 6,000 additional units statewide amid rising construction costs and interest rates.
BPC Action Applauds Bipartisan Bill To Unlock American Rescue Plan Funds For Affordable Housing
BPC Action commends Reps. Alma Adams (D-NC) and David Rouzer (R-NC) for their bipartisan collaboration to introduce H.R. 7078, the LIHTC Financing Enabling Long-term Investment in Neighborhood...
CalHFA Board Member Appointments
The California Housing Finance Agency is pleased to welcome Maria Cabildo to the CalHFA Board of Directors. Cabildo was appointed by Assembly Speaker Anthony Rendon. Ms. Cabildo is the Director of Housing and Economic Opportunity at the California Community Foundation. She is responsible for the foundation's discretionary grantmaking activities, Program Related Investment (PRI) program, community engagement, and convening activities related to its housing and economic opportunity program areas.
CHFA Donates $440,500 to 34 Nonprofits with First Round of 2022 Direct Effect Awards
Colorado Housing and Finance Authority (CHFA) is proud to announce its Round One 2022 Direct Effect Award recipients. CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development. The Direct Effect Awards are an integral part of CHFA’s community investment and serve as a reminder that immediate funding of community-based needs can make a direct and positive impact.
Elected Officials, Development Partners and Community Members Celebrate Groundbreaking in South Providence
U.S. Senator Jack Reed, Governor Dan McKee, Lt. Governor Sabina Matos and Providence Mayor Jorge Elorza joined Omni Development Corporation, Wingate Companies, RIHousing, funding and community partners today for a ceremonial groundbreaking to celebrate the development of 79 new rental homes for families at Joseph Caffey Apartments and Jordan Caffey Townhomes in Providence.
Delaware State Housing Authority Grants $2.5 Million To Strengthen Statewide Partnerships For Its DEHAP Program
Delaware State Housing Authority (DSHA) has awarded $2.5 million in Community Navigation Program grants to 15 community partner organizations throughout the state. Each organization will have dedicated staff who will aid Delawareans seeking rent or utility assistance due to financial hardships caused by the pandemic.
Senator Gay and Delaware State Housing Authority Secure ARPA Funding to Create Rent Reporting Pilot Program
Sen. Kyle Evans Gay, in partnership with the Delaware State Housing Authority (DSHA), secured $200,000 in American Rescue Plan Act funding this month for an innovative pilot program that will help low-income renters in Delaware build credit. The Tenant Rent-Reporting Pilot Program will subsidize the cost of reporting rent payments to the major credit bureaus for low-income tenants and housing assistance recipients in Delaware, allowing those families to use their rent payments to build their credit history.
Maryland Emergency Education Relief Grant Program Notice of Funding Availability
The Maryland Department of Housing and Community Development (DHCD) through the Office of Statewide Broadband (OSB) is administering funding for the Maryland Emergency Education Relief Grant Program (MEER). The MEER grant program is designed to provide relief to K-12 students and related school staff to close the gap for students who lack necessary internet access or the devices they need to connect to classrooms. Eligible applicants are Schools, Libraries, and Anchor Institutions.
Rising Construction Costs Stall Affordable Housing Projects
To start building an 80-unit affordable housing project in Texas, real estate developer MVAH Partners must find a way to fill a $3 million financing gap due to the rising cost of...
Kansas Housing Launches Mortgage Relief Program
Today, Kansas Housing Resources Corporation (KHRC) launched the Kansas Homeowner Assistance Fund (KHAF), providing mortgage and utility assistance to Kansas households impacted by the COVID-19 pandemic. “Since the beginning of the pandemic, we’ve provided more than $190 million in assistance to keep Kansans stably housed and connected to vital services,” said Ryan Vincent, Executive Director of Kansas Housing.
