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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.
PHFA Accepting Bids for Purchase of Mixed-Use Development Tax Credits
The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $4.5 million in mixed-use development tax credits. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities. The deadline for bids is 2 p.m. on Friday, July 15.
Governor Hogan Celebrates Revitalization Initiatives in Cambridge
Governor Larry Hogan visited Cambridge today to celebrate a number of milestones in the ongoing revitalization of the city, heralding three redevelopment projects that have received more than $20 million in state funding.
NCSHA Washington Report | June 10, 2022
Some of the impacts higher interest rates have on housing costs are fairly obvious, yet their knock-on effects can be surprising in the additional affordability challenges they create. For...
