Newsroom
NCSHA Urges IRS and Treasury to Extend and Expand Housing Credit COVID-19 Relief
NCSHA sent the Internal Revenue Service (IRS) and U.S. Department of the Treasury (Treasury) a letter today urging them to extend the temporary Housing Credit relief provided by IRS Notice 2020-53 and to make other necessary program accommodations in light of the continuing disruption the COVID-19 pandemic is having on development and construction activities and the ongoing operation of Housing Credit properties.
Christopher Norwood and Anthony Poore Join NHHFA Board of Directors
Christopher Norwood of Portsmouth and Anthony Poore of Concord were recently appointed to the New Hampshire Housing Finance Authority’s Board of Directors by Governor Chris Sununu. Norwood is the president of NAI Norwood Group where his primary focus is commercial real estate sales. A Certified Commercial Investment Member (CCIM), Norwood is also on the board of the New Hampshire Association of REALTORS. Poore is the executive director of New Hampshire Humanities, and has held a number of positions in the economic development sector addressing the needs of urban and rural communities.
MassHousing, Preservation of Affordable Housing (POAH), and City of Boston Announce Closing of $36.5 Million in Financing for the Loop at Mattapan Station, a New Transit-Oriented, Mixed-Income Housing Community
MassHousing, the non-profit Preservation of Affordable Housing (POAH), and the City of Boston announced today the closing of $36.5 million in MassHousing affordable housing financing for the development of the 135-unit The Loop Mattapan Station, a new affordable and workforce housing community in Mattapan Square. POAH is developing the Loop at Mattapan Station on an underutilized MBTA parking lot adjacent to the Mattapan trolley line station. The 135 apartment homes and 10,000 square feet of first-floor retail space will be contained in a six-story building and constructed using the latest passive house energy efficiency standards.
CHFA Downpayment Assistance Program Loan Changes Benefit First-Time Homebuyers
The Connecticut Housing Finance Authority (CHFA) is revising its popular Downpayment Assistance Program (DAP) to make it easier for first-time borrowers with low- and moderate-incomes to achieve the dream of homeownership. One of the greatest obstacles faced by first-time homebuyers is saving enough money to cover down payment and closing costs.“CHFA DAP loans have made the difference for thousands of people who did not think they could afford to buy a home because they lacked the money for a down payment,” said Nandini Natarajan, Chief Executive Officer-Executive Director of CHFA.
NCSHA Washington Report | November 13, 2020
For as long as there have been investors, there have been “socially responsible” investors, motivated to make decisions with their money based on personal values as well as financial returns....
Florida Housing Announces Up to $40 Million More for Affected Homeowners and Renters from the Coronavirus Relief Fund
The Florida Housing Finance Corporation (Florida Housing) is announcing additional resources for rental and homeowner assistance programs for Floridians that have been impacted by COVID-19. Up to $40 million is available to local governments to continue assisting impacted households in their area. In July, Governor DeSantis allocated $250 million of the state’s Coronavirus Relief Fund (CRF) to be used for rental and homeowner assistance programs. Initially, Florida Housing committed $120 million to strategically address rental and mortgage assistance programs through local government housing and SHIP offices.
PHFA Provides October Data About CARES Relief to Renters and Homeowners
After four months of administering CARES financial assistance for renters and homeowners, the Pennsylvania Housing Finance Agency is providing data about the performance of both programs, which started accepting applications on July 6. Both programs were extended by an executive order from Governor Tom Wolf on Oct. 5; the programs stopped accepting applications on Nov. 4. For the CARES Rent Relief Program (RRP), all 67 participating county organizations are asked to provide monthly data summaries, and the data from October are now available.
CHFA Announces 2020 Round Two Housing Tax Credit Awards
Colorado Housing and Finance Authority (CHFA) is pleased to announce 12 developments will be awarded a reservation of state Affordable Housing Tax Credits (AHTC) and federal 4 percent Low Income Housing Tax Credits (LIHTC) to support the construction or preservation of 994 affordable apartments. The developments supported will seek to serve a broad range of Coloradans in need including, veterans, formerly homeless individuals and families, and youth aging out of foster care.
$75,000 Raised for Mt. Carmel Veterans Service Center
Colorado Housing and Finance Authority (CHFA) is pleased to announce it has raised $75,000 to support Mt. Carmel Veterans Service Center. In lieu of its annual David W. Herlinger Golf Tournament, CHFA held a virtual donation drive, “Drive It Home for Mt. Carmel” from July 15 through Veteran’s Day to raise funds. Contributions were made by 39 donors. Mt. Carmel Veterans Service Center provides wraparound services and resources for military, veterans, and their families, including employment and transition services, and behavioral health counseling and wellness programs.
Fifty-Three Housing Owners and Operators Sign ‘Eviction Diversion Pledge’ to Keep Over 57,000 Tenants and Families Safely Housed
Today, the Baker-Polito Administration, MassHousing, CHAPA, and the Massachusetts Association of Community Development Organizations (MACDC) announced a five-point Eviction Diversion Pledge, a commitment from Massachusetts property owners and operators to working with tenants facing financial difficulties because of the pandemic and supporting housing stability during the ongoing fight against the spread of COVID-19. As of November 10, 2020, over 53 property owners committed to the Pledge, representing over 57,654 homes across the Commonwealth.
Kansas Housing Awards $4.7 Million to Support Emergency Housing Efforts
Nonprofit organizations and local governments across the state received a funding boost to prevent and respond to homelessness, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The funds, made available through the federal Emergency Solutions Grant (ESG) program, will support individuals experiencing homelessness or at risk of becoming homeless. Kansas received the additional ESG funding to address heightened needs surrounding the COVID pandemic. “Home has never been more important,” said Ryan Vincent, Executive Director of Kansas Housing.
Florida Housing Finance Corporation Honors Military Personnel Through Salute Our Soldiers Program
The Florida Housing Finance Corporation (Florida Housing) launched the Salute Our Soldiers Military Loan Program earlier this year to assist Florida’s growing population of veteran and active-duty military personnel in obtaining permanent housing. The Salute Our Soldiers program offers a variety of down payment and closing cost assistance (DPA), coupled with low interest rate first mortgage loans. Some of the DPA products offered are even forgivable after five years.
