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Governor Hogan Announces $10.8 Million in Project Restore Awards to 144 Businesses
Governor Larry Hogan today announced the first round of awardees for Project Restore, a $25 million economic recovery initiative that provides financial incentives for small businesses and commercial developers to revitalize vacant retail and commercial space. A total of 144 businesses in 23 jurisdictions will receive $3.6 million in rental subsidies and $7.2 million in business operations grants over the next two years, totaling $10.8 million in support.
Gov. Evers, WHEDA Announce $1 Million in WHEDA Foundation Grants for Emergency and Extremely Low-Income Housing
Gov. Tony Evers announced today that 34 organizations, from Beloit to Phelps and from Pepin to Grafton, will share $1 million in grants from the WHEDA Foundation as they work to provide emergency shelter, transitional residences, and extremely low-income housing.
Kansas Housing Awards $2 Million for Rural Housing Development
Eight Kansas communities will receive a combined total of $2 million to develop affordable housing for moderate-income households. The funding, made possible through the state of Kansas’ Moderate Income Housing (MIH) program, provides grants or loans to develop housing and promote homeownership in cities or counties with populations of less than 60,000.
MSHDA Board Supports Developers of Affordable Housing with QAP Amendment
The MSHDA Board approved an amendment to the 2022-2023 Qualified Allocation Plan (QAP) – the document that sets policies and procedures for the administration of the Low-Income Housing Tax Credit (LIHTC) program -- and supports the construction and rehabilitation of affordable housing in Michigan.
MaineHousing Provides $71.5 Million in Funding to Build Affordable Housing
MaineHousing is announcing the allocation of Maine Affordable Housing Tax Credits and federal Low Income Housing Tax Credits (LIHTC) to build or renovate seven affordable housing developments across Maine. The combined $8.2 million in tax credits will generate over $44.1 million in equity from private investors.
MassHousing Awards $627,350 for Affordable Sober Housing to Support Men, Women, Families and Senior Citizens in Eight Communities
MassHousing has awarded a total of $627,350 in grant funding to create 46 new affordable sober housing units and preserve and additional 35 sober homes for men, women, families and senior citizens in eight communities. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery.
NCSHA Washington Report | December 17, 2021
Every day, working people of modest means make entirely rational decisions to decline a raise, defer training, or turn down a better job because the higher income they would earn as a result...
FHFA Proposes Capital Planning Rule for Fannie Mae and Freddie Mac
Requirements in proposed rule represent another incremental step FHFA is taking to ensure safety and soundness at the Enterprises Washington, D.C. – The Federal Housing Finance...
Governor Hochul Announces $145 Million Awarded to 21 Developments Across New York to Provide Nearly 1,200 Affordable Homes
Governor Kathy Hochul today announced more than $145 million has been awarded to create or preserve 1,178 affordable homes in 21 separate developments across New York. The funding announced today will further pandemic recovery efforts, fight homelessness, help close the digital divide for lower income households, and expand access to safe and sustainable affordable housing opportunities that advance the state's clean energy goals.
Hogan Administration Announces More Than $7 Million in Community Development Block Grant Awards
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt today announced that $7 million will be awarded through the Community Development Block Grant program. The funding will support 17 projects in 11 counties, including improvements to infrastructure and community facilities and programs serving seniors, persons with disabilities and low- to moderate-income individuals.
Maryland Department of Housing and Community Development Issues First Social Bonds in Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced the issuance of the first ever ‘Social Bonds’ to be sold by the department. The department’s bond-issuing entity, the Community Development Administration, issued over $251.7 million in Residential Revenue Bonds, the first to be designated as Social Bonds in agency history.
Senate Finance and Banking Committees Release Sections of the Build Back Better Act
Both the Senate Finance and the Senate Banking, Housing, and Urban Affairs Committees have released the text of their respective sections of the Build Back Better (BBB) Act. The Finance Committee’s...
