Newsroom
Amidst Ongoing Reconciliation Negotiations, Cantwell Calls for Inclusion of Low-Income Housing Tax Credit to Increase Affordable Housing Supply
WASHINGTON, D.C. – Today, at a U.S. Senate Committee on Finance hearing, Senator Maria Cantwell (D-WA) called for the inclusion of a significant increase of the Low Income Housing Tax Credit in the...
NCSHA Washington Report | October 22, 2021
Planning edicts from federal regulators tend to get bureaucratic and interest group wheels spinning without necessarily leading to any actual movement. The Federal Housing Finance Agency’s...
State of Maryland Designates New Sustainable Community in Baltimore County
The Maryland Department of Housing and Community Development today announced Arbutus has become Maryland’s newest Sustainable Community. With this designation, Arbutus becomes the ninth designation in Baltimore County and 123rd in the state. By earning a Sustainable Community Designation, local governments are provided with a revitalization “toolbox” of state resources including programs, loans, grants and tax credits that can support brick and mortar community projects, small business development, job creation and tourism.
RIHousing Receives National Recognition for Workforce Housing Program
RIHousing, the state’s principal housing agency, has been selected as recipient of a national award for program innovation by the National Council of State Housing Agencies (NCSHA). The award for ‘Rental Housing: Encouraging New Construction’ honors RIHousing’s WHIC Program, which seeks to expand the range of housing options for Rhode Islanders. “To win such a prestigious national award is an incredible honor, especially as it comes from our peers who understand the challenges faced when working to create housing at a range of price points,” said Carol Ventura, Executive Director of RIHousing.
Senate Unveils Remaining FY 2022 Appropriations Bills Including THUD Appropriations
The Senate Appropriations Committee released nine FY 2022 appropriations bills on October 18, including the Transportation, Housing and Urban Development (THUD) appropriations bill, which provides funding for U.S. Department of Housing and Urban Development (HUD) programs.
Homelessness in Michigan Down 19 Percent in 2020 According to New Report
Homelessness throughout Michigan dropped 19% in 2020, according to the latest Ending Homelessness in Michigan annual report. Led by the Campaign to End Homelessness, the report is created through a cooperative effort amongst numerous government departments and agencies each year to assess the state of homelessness across Michigan. The report outlines a combination of factors contributing to 2020’s reduction in homelessness, including the implementation of eviction moratoriums, the Michigan State Housing Development Authority’s (MSHDA) Eviction Diversion Program.
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.
