Construction is Underway for Phase II of the Orient Heights Public Housing Redevelopment in East Boston as MassHousing Closes $26 Million in Financing
Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in East Boston. MassHousing is supporting the Orient Heights project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority. Phase II of the Orient Heights redevelopment will demolish 87 aging state-aided family public housing units, and construct 88 replacement apartments.
North Dakota Housing Finance Agency (NDHFA) is wrapping up a record-breaking year. The state agency, known primarily for the affordable financing it offers through its FirstHome™ program, set a production record in 2018 by purchasing 1,798 loans with a total value of more than $300 million.
Florida Housing Provides $5 Million in Housing Disaster Funds for Floridians Impacted by Hurricane Michael
The Florida Housing Finance Corporation (Florida Housing) is releasing $5 million in disaster funds to counties in the Panhandle that were ravaged by Hurricane Michael. After completing the evaluation process regarding the State Housing Initiative Partnership (SHIP) program disaster funds, Florida Housing is allocating the funding to nine impacted counties.
While the partial federal government shutdown casts a growing shadow of uncertainty over the first days of the 116th Congress, we begin the new year focused on advancing the federal policy...
On December 21, the House Financial Services Committee held its last hearing of the 115th Congress to discuss draft legislation designed to reform the housing finance system.
On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.
NCSHA released an updated edition of its Opportunity Zone Fund Directory today, including details on 63 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment in designated high-poverty neighborhoods. The directory’s latest edition includes 11 new QOFs and details on each fund’s management, organization, size, investment focus, and geographic focus.
Governor Larry Hogan today announced a series of initiatives and legislation to further expand the thriving Maryland Opportunity Zone program. A total of $56.5 million will be dedicated to attracting new businesses and development and continuing to invest in Maryland's workforce. The governor made the announcement at Walbrook Mill - a 41,000 square-foot active construction site located in a designated Opportunity Zone in Baltimore City, and future home of 140 apartments and townhomes, retail and commercial space, warehouse, and light industrial usage on North Avenue.
On Jan. 22, 2019, South Dakota Housing for the Homeless Consortium (SDHHC), an affiliate of South Dakota Housing Development Authority (SDHDA), will conduct its annual statewide Point-In-Time (PIT) homeless count. The Point-In-Time homeless count is a critical source of annual data on homeless persons and families, providing characteristics of people who are experiencing homelessness. Data from the annual PIT homeless count is used to measure homelessness on local, state, and national levels.
Florida Housing Approves Millions in Financing for Construction of Workforce Housing in Monroe County
The Florida Housing Finance Corporation (Florida Housing) Board of Directors approved the awarding of financing for the construction of two workforce housing developments in Monroe County during the board meeting held in December. Florida Housing issued invitations to credit underwriting last week to the approved applicants.
South Dakota Housing Development Authority (SDHDA) announces approximately $3.6 million available for the February application cycle. Funding consists of the HOME Investment Partnerships, Housing Trust Fund, and Neighborhood Stabilization programs. Funding can be utilized to assist communities in addressing their local housing needs.
Earlier today, the Internal Revenue Service (IRS) published a final rule simplifying the public approval requirements that apply to tax-exempt Housing Bonds and other private activity bonds (PABs).