Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has been awarded $55 million in New Markets Tax Credit (NMTC) allocations. “New Markets Tax Credits have a proven track record of attracting private sector investment to areas that need jobs and an economic spark,” said Governor Wolf.
June is National Homeownership Month and DCHFA is launching into the celebration on June 1st ‘by hosting the Lender ’s Fair. Potential homebuyers will have the opportunity to meet one-on-one with lenders and housing counselors to learn how to purchase a home in the District using DC Open Doors, HPAP and/or the Mortgage Credit Certificate Programs. The event takes place 10:00 a.m. to 2:00 p.m. at DCHFA (815 Florida Avenue NW).
The Washington State Housing Finance Commission has approved a total of $190 million in financing for the new construction or preservation of almost 800 affordable apartments across western Washington. “We’re proud to be part of bridging the affordable housing gap, one apartment at a time, in rural, urban and suburban communities alike,” said Karen Miller, chair of the Housing Finance Commission.
The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $55 million in New Markets Tax Credits (NMTC). The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in NMTC to 73 entities throughout the U.S., with the CGR Fund being the only awardee in Colorado.
A grand opening ceremony was held today for Boulevard West, a new mixed-use building providing 89 apartments affordable to working families along with retail space on a section of the vacant, former New Horizons public housing site. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of The Michaels Organization.
The U.S. Department of Housing and Urban Development (HUD) on May 24 issued a Notice of Funding Availability (NOFA) for its Housing Counseling Grant program for fiscal year (FY) 2019. All HUD-approved counseling entities, including state HFAs, are eligible to apply.
Colorado Housing and Finance Authority (CHFA) is pleased to announce that it will award state Affordable Housing Tax Credits and 4 percent federal Low Income Housing Tax Credits to support the construction or preservation of 1,344 affordable apartments across 12 project sites located in the Denver metro area, northern and southern Front Range, and Western Slope.
Affordability Extended at Lowell Housing Community for Seniors and Disabled Residents Resulting From $7.5 Million in MassHousing Financing
The non-profit Rogers Hall Corporation also plans property renovation at the 61-unit Rogers Hall where affordability will be extended for at least 25 years. Senior citizens and disabled residents living at the 61-unit Rogers Hall in Lowell will have their affordable rents extended for at least 25 years and will see property improvements as a result of $7.5 million in MassHousing affordable housing financing to the non-profit Rogers Hall Corporation.
There are good reasons going into Memorial Day weekend to be heartened by the housing picture for U.S. military veterans. Homelessness among vets decreased five percent last year and has been...
The California Housing Finance Agency (CalHFA) is pleased to welcome Kate Ferguson as its new Director of Multifamily Programs following her appointment by the CalHFA Board of Directors. Ferguson has more than 30 years of experience in the multifamily lending world, most recently with BBVA Compass’ Affordable Housing division in Denver.
The House Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies met Thursday to mark up a proposed Fiscal Year 2020 appropriations bill for the Department of Agriculture, the Food and Drug Administration, and related agencies.
A ribbon-cutting ceremony marked the opening this week of the New Amwell Group Home, which will provide homes for four residents with intellectual and developmental disabilities to live in the community and helps fulfill the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) mission to provide stable, affordable supportive housing.