Newsroom
IRS Extends Housing Credit Regulatory Relief Available During COVID-19 Pandemic
On January 11, the Internal Revenue Service (IRS) issued Notice 2022-05 extending and expanding on temporary relief for state Housing Credit agencies and owners and residents of Housing Credit...
Governor Hochul Announces Nearly $1 Billion in Financing for Affordable Housing
The developments will leverage an additional $379 million in private funding to create an overall investment of nearly $1.4 billion to further local economic development efforts, reduce homelessness, and advance New York's commitment to expanding safe, secure and healthy housing opportunities for individuals and families.
Landlord Incentive Program Continues in 2022
Today MaineHousing is announcing it will make up to $750,000 in funding from the state Housing Opportunity for Maine (HOME) Fund available to continue its partnership with the state’s public housing authorities for its statewide Landlord Participation Incentive Program.
HUD Awards Nearly $105 Million to Protect Families From Home Health and Safety Hazards
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $104.7 million to 60 non-profit organizations, and state and local government agencies located in 29...
Treasury Issues Final Rule for Fiscal Recovery Funds Program
On January 6, the U.S. Department of the Treasury issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF) program authorized in the American Rescue Plan Act, which provided $350...
DCHFA Finances the Agency’s First Affordable Housing Development of 2022
DCHFA has started the new year by financing the rehabilitation of Cascade Park Apartments. On January 7, 2022, the Agency issued $11.1 million in tax exempt bonds for the acquisition and rehabilitation of 59 of the units (two buildings) at the Ward 8 property. “Closing a deal for an affordable housing transaction is a great way to begin the new year. This is the first of many developments that the Agency’s multifamily team is working to fund to create and preserve beautiful, healthy affordable housing.
Financing to Create and Preserve Affordable Multi-Family Housing in Conway, Manchester & Nashua Approved by New Hampshire Housing Board
Financing for four affordable multi-family rental housing developments which will provide a total of 232 units was approved by the New Hampshire Housing Board of Directors at its December meeting. Once constructed, this housing will help meet the critical need to build and preserve affordable rental housing for our state’s workforce and other residents.
NCSHA Washington Report | January 7, 2022
State housing finance agencies, always the vanguard of financing for affordable homeownership opportunities and rental apartment properties for low-income people, also will be busy this year...
Wolf Administration Launches $350 Million PA Homeowner Assistance Fund
Today, Governor Tom Wolf announced the statewide launch of the Pennsylvania Homeowner Assistance Fund, or PAHAF, administered by the Pennsylvania Housing Finance Agency. PHFA’s plan for administration of the PAHAF has been approved by the U.S. Department of the Treasury. PAHAF applications will open to eligible Pennsylvania homeowners beginning February 1.
Governor McKee, RI Office of Energy Resources and RIHousing Announce Zero-Energy Housing Awards
Rhode Island Governor Dan McKee, the Office of Energy Resources (OER) and RIHousing announced today the award of funds to develop highly energy efficient housing for low- and moderate-income Rhode Islanders. The demonstration program, Zero Energy for the Ocean State (ZEOS), is the result of a public-sector partnership between OER, RIHousing, and National Grid to explore innovative, replicable solutions to utilize cost saving, clean energy technologies in homes.
Governor Hogan Announces Opening of Maryland Homeowner Assistance Fund
Governor Larry Hogan today announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services.
MassHousing Closes on $8 Million in Financing for New, 29-Apartment Workforce Housing Community on a Vacant Parcel in Dorchester
MassHousing has provided a total of $8 million in affordable and workforce housing financing to TLee Development LLC, for the construction of 29 new apartments on a vacant parcel at 1463 Dorchester Ave. in Dorchester. The new housing community will feature 25 workforce housing units, four affordable units, and first-floor commercial space.
