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MassHousing Closes on $5.5 Million in Financing to Create Affordable and Workforce Housing at 181 Chestnut Street in Chelsea
MassHousing has closed on a total of $5.5 million in affordable and workforce housing financing to the non-profit The Neighborhood Developers, Inc. (TND), to transform a formerly market-rate rental property at 181 Chestnut Street in Chelsea into a mixed-income housing community. The MassHousing financing will allow TND to extend long-term affordability to households across a wide range of incomes, from very-low-income households to middle-income households.
CHFA Becomes First State Housing Finance Agency to Purchase an eNote
Colorado Housing and Finance Authority (CHFA) has become the first state housing finance agency (HFA) in the nation to electronically accept, purchase, and deliver an electronic mortgage note (eNote) to the secondary market. CHFA began its eNote initiative in 2020 to provide greater efficiency to its mortgage process. CHFA’s first eNote transaction was purchased from Fairway Independent Mortgage Corporation and delivered to Fannie Mae.
Funding Available for Housing Development
South Dakota Housing Development Authority (SDHDA) is inviting developers to submit applications for funding from the Housing Trust Fund (HTF) program. The Housing Trust Fund, funded by the U.S. Department of Housing and Urban Development, provides financing to developers and/or owners to expand the supply of decent, safe and affordable housing for extremely low income South Dakotans. Funding is targeted to 30 percent of the Area Median Income and below. This funding source has $4 million available for this application round.
Financial Assistance for Renters and Landlords Now Available
The State of Georgia received $552 million from U.S. Treasury's Federal Emergency Rental Assistance Program to provide relief to individuals, families, and landlords whose finances have been negatively impacted due to the COVID-19 pandemic. The Georgia Department of Community Affairs (DCA) will administer the State of Georgia Rental Assistance Program (GRA), and the online portal to determine eligibility and submit applications is now available.
NCSHA Washington Report | March 12, 2021
Historians and economists — and maybe your grandkids, whatever their line of work — will reckon with the federal government’s response to this pandemic year for many, hopefully healthier,...
FHFA Further Extends COVID-Related Loan Flexibilities
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend temporary loan origination flexibilities until April 30,...
Congress Sends President Biden $1.9 Trillion American Rescue Plan Act for Signature
Today, the House of Representatives passed the final $1.9 trillion American Rescue Plan Act, following Senate passage of the bill early Saturday morning. No Republicans in either chamber voted for the measure. President Biden is expected soon to sign it into law. In addition to comprehensive COVID-19 relief, including stimulus checks, extension of unemployment insurance, funding for schools and vaccine distribution, and direct aid to state and local governments, the legislation includes more than $42.5 billion in funding for affordable housing programs.
NCSHA Welcomes Rep. Marcia Fudge as HUD Secretary
WASHINGTON, DC — The National Council of State Housing Agencies congratulates Rep. Marcia Fudge on her confirmation today as Secretary of Housing and Urban Development. She is the first woman to...
Hogan Administration Announces Fiscal Year 2021 State Revitalization Program Awards
Today Governor Larry Hogan announced awardees from the Fiscal Year 2021 application round for three state revitalization programs administered by the Maryland Department of Housing and Community Development. The Community Legacy program, the Strategic Demolition Fund, and the Baltimore Regional Neighborhood Initiative will provide more than $27 million to 157 projects in 19 counties and Baltimore City that support community development and economic growth.
New Allocation of Housing Assistance Available for Households Affected by COVID-19
South Dakota Housing Development Authority (SDHDA) is now accepting applications for a new allocation of funds to help with housing assistance – rent, mortgage and/or utilities – for households affected by the COVID-19 pandemic. “After helping more than 3,000 households with the first round of assistance, SDHDA recognizes that families are still struggling with uncertainties,” said Executive Director Lorraine Polak. “This additional funding helps cover families’ basic needs so they can meet their other financial obligations, too.”
MassHousing Awards $72,750 for Affordable Sober Housing to Support Women and Men in Salisbury and Amesbury
MassHousing has awarded a total of $72,750 in grant funding to Link House, Inc. to modernize 65 affordable sober housing units in Salisbury and Amesbury for women and men in recovery. 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.
HUD Approves Agreement with JPMorgan Chase Resolving Claims of Race Discrimination in Appraisals
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between JPMorgan Chase Bank and an African-American woman,...
