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SC Housing County First Initiative: Closing the Gap in Rural Homeownership
Many in rural communities feel that they are the last in line when it comes to getting the services and resources they need. Whether it is having access to broadband to stay connected, medical care for health problems, or buying a home in a community that they love, they often lag behind more urban areas. But the South Carolina State Housing Finance and Development Authority (SC Housing) is changing all of that with the launch of its new County First Initiative for these homebuyers.
CDC Temporarily Halts Evictions Nationwide
On September 1, the Centers for Disease Control and Prevention issued an emergency public health order to temporarily halt most evictions to prevent the further spread of COVID-19.
Brookline Housing Community for Lower-Income Senior Citizens Will See Extensive Renovations and the Extension of Affordability with $25 Million in MassHousing Financing
MassHousing has provided $25 million in financing to the Brookline Housing Authority (BHA) to provide significant improvements to the 99-unit Morse Apartments and extend the affordability for lower-income senior citizens living there for at least 75 years. MassHousing is supporting the rehabilitation of Morse Apartments with $25 million in short and longer-term financing through the Agency’s Conduit Loan Program.
NCSHA Statement on the Federal Housing Finance Agency’s Proposed Capital Rule for Fannie Mae and Freddie Mac
WASHINGTON, DC ― The National Council of State Housing Agencies (NCSHA) today urged the Federal Housing Finance Agency (FHFA) to rescind its proposed regulatory capital framework for Fannie Mae and...
HUD Provides $100 Million in CARES Act Funding to Native American Tribes to Support Coronavirus Recovery Efforts
Washington - Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that HUD has awarded a total of $100 million to Tribes across the Nation as part of...
DCHFA Funds the Construction of a Second Assisted Living Community
The DCHFA is financing the construction of Ward 7’s first assisted living community, The Residences at Kenilworth Park. On August 28, DCHFA issued $58 million in bond financing and underwrote $20 million in four percent low income housing tax credit (LIHTC) for this 157 apartment development. “At DCHFA we finance affordable housing solutions for District residents at all stages in their lives. We are fully committed to supporting seniors and welcome this opportunity to invest in affordable assisted living with on-site support services east of the river, which will allow residents to age in place,” stated Christopher E. Donald, Interim Executive Director.
NCSHA Washington Report | August 28, 2020
Back in 2016, Freddie Mac economist David Beckitt warned, “The economic losses and social disruption [of rising sea levels] may happen gradually, but they are likely to be greater in total than...
CalHFA Introduces New Bond Recycling Program
The California Housing Finance Agency has launched a new Bond Recycling Program which will provide an additional source of financing to address our state's affordable housing crisis. CalHFA's program, the first of its kind in California, is made possible through a partnership with Apple. "Working alongside Apple, we looked at California’s housing landscape - the dangerously low affordable housing supply and the rising cost to build while state and federal resources get increasingly scarce - and endeavored to address that issue," said CalHFA Executive Director Tia Boatman Patterson.
NCSHA Washington Report | August 21, 2020
State housing finance agencies emerged as central national players in affordable housing during the 1980s ― reflecting the federalism of the Reagan Revolution and the federal retrenchment it...
Affordability Extended for Lower-Income Senior Citizens at Randolph Housing Community as a Result of $27.3 Million in MassHousing Financing
MassHousing has provided $27.3 million in affordable housing financing to an affiliate of Hebrew SeniorLife to renovate and extend the affordability for lower-income senior citizens at the 160-unit Simon C. Fireman Community in Randolph. “The residents who live at the Fireman Community are seniors who share many experiences and interests, and we are very pleased that life will continue as usual for them long into the future,” said MassHousing Executive Director Chrystal Kornegay.
WHEDA Expands Financing Options for Homebuyers
The Wisconsin Housing and Economic Development Authority has expanded its single-family financing options to help more Wisconsin residents achieve the dream of homeownership. The new financing options include loans with increased down payment assistance of up to 6% of a home’s purchase price and an expanded number of lenders that may originate WHEDA Advantage FHA loans. Meanwhile, the current shortage of move-in ready homes has increased the utility of WHEDA’s Homestyle Renovation loans, which allow borrowers to finance all costs associated with purchase and renovation through a single 30-year, fixed rate mortgage loan.
MassHousing Closes on $17. 2 Million in Financing for the Acquisition and Initial Renovation of Three Affordable Housing Communities in Attleboro
MassHousing has closed on $17.2 million in affordable housing financing to the non-profit Preservation of Affordable Housing (POAH) for the acquisition and initial rehabilitation of three affordable housing communities in Attleboro. To facilitate the acquisition and the undertaking of the most pressing capital improvements at the properties, MassHousing has provided POAH with $5.9 million in financing for the 83-unit Hebronville Mill, and $11.3 million for the 144-unit combined Gardner I and II properties.
