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White House Releases Comprehensive Housing Supply Action Plan
The White House issued a Housing Supply Action Plan (the Plan) that includes both legislative and administrative actions to address the imbalance between supply of and demand for housing, with a goal of closing America’s housing supply shortfall in five years.
State Designates $62 Million for Affordable Housing Development
Governor Kelly capped off the legislative session by signing two major bipartisan housing bills into law, representing a significant expansion of resources to support statewide housing development. The measures represent a combined $62 million in new housing resources, as well as initiatives to incentivize housing development.
NCSHA Washington Report | May 13, 2022
Five years after the federal Opportunity Zones program’s debut, reviews still generate more heat than light, with opinions on its effectiveness sharply divided and hard evidence of its impact...
Maryland Department of Housing and Community Development Announces Fiscal Year 2023 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development today announced the Fiscal Year 2023 application round for six State Revitalization Programs will open on May 19, 2022. These programs offer funding to support local housing, community and economic development and other revitalization projects. They are part of the department’s commitment to helping the state’s local governments and nonprofit agencies achieve their community revitalization and economic development goals.
Three Housing Leaders Honored During PHFA’s Housing Forum
The Pennsylvania Housing Finance Agency today recognized three affordable housing leaders during its Housing Forum conference at the Hilton Harrisburg. Honored with the agency’s prestigious Housing Pioneer Award were: Jane Downing, senior program officer, economic and community development, The Pittsburgh Foundation, Pittsburgh, Ira Goldstein, president of policy solutions, Reinvestment Fund, Philadelphia, and SEDA-COG Housing Development Corporation, Lewisburg, Union County.
MassHousing Provides $41.2 Million in Financing for New, 150-Unit Mixed-Income Housing Community for Families and Students in Sunderland
MassHousing has closed on $41.2 in affordable housing financing to Landmark Properties, Inc., for the newly constructed, 150-unit, North 116 Flats in Sunderland. Located three miles north of the University of Massachusetts at Amherst, and adjacent to a bus line that runs into downtown Amherst and UMass Amherst, North 116 Flats was developed under the state’s comprehensive permit law, Chapter 40B. North 116 Flats offers 38 family apartments affordable to households earning at or below 80 percent of the Area Median Income (AMI).
Federal Banking Regulators Propose CRA Overhaul
Last week, the three major federal banking regulators — the Federal Deposit Insurance Corporation, the Federal Reserve, and the Office of the Comptroller of the Currency — released a proposed...
Continuum of Care Accepting RFPs for Youth Homelessness Assistance
North Dakota’s Homeless Continuum of Care (CoC) is accepting Request for Proposals for the Youth Homelessness Demonstration Program (YHDP). “Understanding the depth of youth homelessness is challenging in a rural state,” said Dave Flohr, North Dakota Housing Finance Agency (NDHFA) executive director. "Through the YHDP, we are committed to ending youth homelessness in North Dakota.”
Senators Leahy, Collins Introduce Legislation to Facilitate Use of Fiscal Recovery Funds with Housing Credit
On May 11, 2022, Senators Patrick Leahy (D-VT) and Susan Collins (R-ME) introduced the LIHTC Financing Enabling Long-term Investment in Neighborhood Excellence (LIFELINE) Act, which would allow state, local, territorial, and tribal governments to use Coronavirus State and Local Fiscal Recovery Funds to make long-term loans to Housing Credit developments. The bill is companion legislation to the House version of the LIFELINE Act (H.R. 7078), introduced by Representatives Alma Adams (D-NC) and David Rouzer (R-NC) in March.
WHEDA Awards $23.3 Million in Federal and State Housing Tax Credits for 2022
Today the Wisconsin Housing and Economic Development (WHEDA) announced the award of $23.3 million in federal and state housing tax credits that will advance greater housing access and opportunity in Wisconsin through the creation of over 1,400 housing units. This year’s housing tax credits awards support 23 housing projects in 20 communities statewide and cap a highly competitive process that drew requests totaling more than $49 million.
HUD Expands Eviction Protection and Diversion Program With Additional $20 Million
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) on Monday announced $20 million in new grants for its Eviction Protection Grant Program, doubling the amount originally...
SDHDA Has Opened the Application Period for the 2022 Emergency Solutions Grants Program
South Dakota Housing Development Authority (SDHDA) is seeking applicants for the Emergency Solutions Grants Program. The Emergency Solutions Grants Program (ESG) is a federal block grant authorized by the McKinney Vento Homelessness Assistance Act and is funded by the US Department of Housing and Urban Development. The ESG program provides financing for short-term and medium-term rental assistance and services to stabilize and rapidly re-house individuals and households who are homeless or at risk of becoming homeless.
