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Cris White Receives Most Admired CEO Award from Denver Business Journal
Colorado Housing and Finance Authority (CHFA) is pleased to announce its Executive Director and CEO, Cris White, has received a Most Admired CEO Award from the Denver Business Journal (DBJ). White was selected as a 2020 recipient from a pool of more than 100 nominees. DBJ’s Most Admired CEO Award honors outstanding chief executives (and those holding equivalent titles) in the Denver metropolitan area at for-profit and nonprofit companies that are innovators, standard-bearers, role models, and exceptional leaders.
PHFA Provides September Data About CARES Relief to Renters and Homeowners
After three months of administering CARES financial assistance for renters and homeowners, the Pennsylvania Housing Finance Agency is providing an update on the progress of both programs, which have been accepting applications since July 6. For the CARES Rent Relief Program (RRP), all 67 participating county organizations are asked to provide monthly data summaries, and the data from September are now available.
Top Loan Officers Earn Recognition
The top SDHDA loan officers of 2020 are: Ryan Spellerberg, First Premier Bank, Sioux Falls, Area 1; Sarah Erickson, Fairway Independent Mortgage Corporation, Watertown, Area 2; Justin Froiland, Fairway Independent Mortgage Corporation, Brookings, Area 3; Shawna Kleinwolterink, Plains Commerce Bank, Sioux Falls, Area 4; Blaine Fopma, Reliabank Dakota, Sioux Falls, Area 5; Julie Brownell, Plains Commerce Bank, Aberdeen, Area 6; and Kannan Harms, Dacotah Bank, Rapid City, Area 7.
MassHousing Closes $29 Million in Financing for the Refinancing and Preservation of Town Brook House in Quincy
MassHousing has closed on approximately $29 million in affordable housing financing to the non-profit Wollaston Lutheran Housing, Inc., for the refinancing and extension of affordability for at least 20 years for lower-income senior citizens and residents with disabilities at the 151-unit Town Brook House in Quincy. MassHousing is providing Wollaston Lutheran Housing, Inc. – a non-profit corporation sponsored by Wollaston Lutheran Church – with $28.994 million in permanent financing.
Lower Mortgage Rates for Idaho’s Essential Workers
We’ve seen what an important role essential workers in Idaho have played during the COVID-19 pandemic. Now, Idaho Housing and Finance Association is saying thank you by helping them save money with the Idaho Heroes Loan Program. The program provides a special reduced mortgage rate available only to essential workers to help them buy a home. The limited special rate of 2.375% is available to nurses, firefighters, law enforcement, teachers, doctors, paramedics, retail workers, and current and former members of the military who meet the First Loan program requirements.
DCHFA Finances First Development of FY 2021 in Ward 8
The new fiscal year has begun and the District of Columbia Housing Finance Agency (DCHFA) has closed its first deal of FY 2021, by funding the redevelopment of Savannah Apartments. On October 9, DCHFA issued $11.5 million in tax-exempt bond financing and underwrote $7.2 million in four percent low income housing tax credit (LIHTC) to rehabilitate the 65 apartments at the Ward 8 community. “We’re beginning the new fiscal year by preserving existing affordable housing,” stated Christopher E. Donald, Interim Executive Director, DCHFA.
Significant Revision Made To CARES Relief Programs To Boost Participation
The Pennsylvania Housing Finance Agency has modified its original interpretation of the statutory meaning of a provision in Act 24 of 2020 in response to discussions seeking broader participation in the renter and homeowner assistance programs. During implementation of the Governor’s Executive Order extending the original Sept. 30 deadline to Nov. 4, there was also discussion regarding broadening program participation based on legislative intent expressed by the legislature that supported the effort for broader program participation by lenders and landlords.
MassHousing Celebrates 20-Year Partnership with HUD to Administer Nearly 600 Housing Subsidy Contracts Involving 52,540 Rental Homes in Massachusetts
MassHousing is celebrating its 20-year partnership with the U.S. Department of Housing and Urban Development (HUD) as the administrator for nearly 600 federal Section 8 housing subsidy contracts in Massachusetts. The Section 8 program allows private landlords to rent apartments to qualified low-income tenants at market rents, with a rental subsidy from HUD. MassHousing is the administrator for 590 Section 8 contracts involving 52,540 rental units in Massachusetts under HUD’s Performance Based Contract Administration (PBCA) program.
CalHFA Gets a New Director of Risk Management, Sees Four Staff Members Reappointed
The California Housing Finance Agency (CalHFA) is pleased to congratulate Rebecca Franklin, who has been appointed by Governor Gavin Newsom as CalHFA’s new Director of Risk Management and Compliance, as well as four key cabinet members who were reappointed today: Don Cavier, Tim Hsu, Francesc Martí and Claire Tauriainen. Franklin comes to CalHFA following a stint at the California State Compensation Insurance Fund, during which she was Director of Innovation and led the establishment and development of the State Fund Innovation Design Center.
The Deadline for NJHMFA’s Small Landlord Emergency Grant Program Is Tuesday, October 13, at 4PM
There is still time for vulnerable tenants and landlords to benefit from the NJHMFA reopened SLEG Program. The program will close on Tuesday, October 13th at 4:00 p.m. NJHMFA, whose mission is to increase the availability and accessibility of quality affordable housing to families in New Jersey, developed the SLEG Program to reimburse landlords of properties with between 3 and 30 units for missed or reduced rent payments between April 2020 and July 2020 due to COVID-19. Landlords approved for a grant must forgive any back rent or late fees incurred by their tenants.
NCSHA Washington Report | October 9, 2020
In other news this past week: JPMorgan Chase announced a commitment of $30 billion over five years to “address key drivers of the racial wealth divide, reduce systemic racism against Black...
IowaHousingSearch.org Provides Real-Time Rental Vacancy Information to Iowans, Including Disaster Victims
The IowaHousingSearch.org website offers Iowans searching for rental housing, including those that may be temporarily displaced due to natural disaster, a resource of up-to-date rental units with current vacancies. The website offers detailed listings of 56,000 housing units, including more than 2,200 immediately available units in the 27 counties declared disaster areas after the August derecho. “The IowaHousingSearch.org site is a powerful resource that provides a critical link between thousands of available rental units and the Iowans searching for them,” said Iowa Finance Authority Executive Director Debi Durham.
