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Maryland Celebrates the 100th Affordable Housing Community Financed by Rental Housing Works Program
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt joined leadership and members of the Maryland Affordable Housing Coalition at their annual meeting to celebrate the 100th affordable housing community financed through the State of Maryland’s Rental Housing Works program. Secretary Holt presented the coalition with a proclamation from Governor Larry Hogan marking the milestone.
NCSHA Washington Report | October 15, 2021
The biggest challenge for state and local agencies operating the Emergency Rental Assistance program has been creating what the administration calls “a new national infrastructure” largely...
Governor Wolf Announces Funding for Affordable Rental Housing
Governor Tom Wolf today announced awards totaling more than $43.6 million in Low Income Housing Tax Credits, more than $7.4 million in PennHOMES funding, and more than $15.9 million in National Housing Trust Funds for the construction of 1,974 affordable multifamily rental units in Pennsylvania. The federal tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.
DCHFA Funds First Development of Fiscal Year 2022
DCHFA has financed its first development of Fiscal Year 2022, SOME (So Others Might Eat) North Capitol. On October 6, 2021 the Agency issued $33.2 million in tax exempt bonds and underwrote $20.2 million in Low Income Housing Tax Credits for the construction of this new 136-unit affordable housing complex in Ward 5’s NoMa neighborhood. “We are enthused to begin what is poised to be a very active Fiscal Year 2022 by funding affordable apartments in one of the city’s most sought after neighborhoods for market rate units, by developers as well as renters,” stated Christopher E. Donald, Executive Director/CEO, DCHFA.
Governor Hogan Announces Housing Vouchers for Homeless Veterans in Cecil County
Governor Larry Hogan today announced that HELP Veterans Village Phase II will receive 50 Veterans Affairs Supportive Housing vouchers from the Maryland Department of Housing and Community Development. “Marylanders who have proudly served our nation deserve the very best in care, and, for more than three years, HELP Veterans Village has provided that for our vulnerable veterans,” said Governor Hogan. “These vouchers will ensure further continuation of the Village’s high level of services and its important role in ending veteran homelessness in Maryland.”
MassHousing Closes on $4.4 Million in Financing for the Development of the 59-Unit 37 Union Street in Downtown Attleboro for Residents Across a Range of Incomes
MassHousing has closed on $4.4 million in affordable and workforce housing financing for the redevelopment of a vacant, historic jewelry factory in downtown Attleboro into the 59-unit 37 Union Street for residents with a range of incomes. The project was spearheaded by a long-time business owner in downtown Attleboro, Bob Jones. The development team of GAM Realty, LLC, E3 Development, LLC, and Affirmative Investments, Inc., will redevelop three existing brick structures that formerly housed jewelry manufacturers into a 59-unit rental housing community, including 17 workforce housing apartments.
Housing Crisis Averted for Hammond Area Renters
Between approximately September 23-29, 2021, roughly 161 households located in Hammond, LA, received a Notice of Termination of Lease from Rich Smith Development, LLC, a management company and agent for Ridge Estates at Hammond, Villas of Hammond, and Terrace of Hammond I & II.
DCHFA Closes Out Fiscal Year 2021 By Financing Affordable Housing in Wards 6 and 8
The District of Columbia Housing Finance Agency (DCHFA) has closed out Fiscal Year 2021 by issuing more than $53 million in tax exempt bonds for the construction of 182 affordable apartment homes. DCHFA has financed two new construction projects, MDXL Flats and The Clara in Wards 6 and 8, respectively.
NCSHA Washington Report | October 8, 2021
Don’t look now, but the Emergency Rental Assistance program may be emerging as one of the success stories in the federal response to the pandemic, for some unlikely and underreported reasons:...
RentReliefRI Surpasses $50 Million in Rental and Utility Assistance to Rhode Island Renters
RIHousing announced today that the RentReliefRI program has approved over $50 million in rental and utility assistance funds to almost 4,600 renter households. The federally-funded program serves as a lifeline for struggling Rhode Island renters and provides up to 18 months of rental and utility assistance for tenants impacted by the COVID-19 pandemic.
Maryland Wins National Award for Cecilton Senior Village Project
Last week, at the 50th Annual National Council of State Housing Agencies Conference, the Maryland Department of Housing and Community Development was recognized and won the Special Achievement award. The department’s entry “Partnerships for Responsive Revitalization” featured a six-year undertaking known as the “Cecilton Senior Village” project.
Treasury Issues Guidance on Emergency Rental Assistance Reallocation
Today, the U.S. Treasury Department published the framework for reallocation of Emergency Rental Assistance (ERA) program funds authorized by the Consolidated Appropriations Act of 2021 (ERA 1). That legislation, which provided the first $25 billion in ERA resources, requires Treasury to identify “excess funds” from amounts grantees have not obligated beginning September 30, 2021, and reallocate those resources to grantees who have obligated at least 65 percent of their initial ERA 1 allocation.
