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CARES Assistance Programs for PA Renters and Homeowners Are Restarted
Governor Tom Wolf today issued an emergency order suspending the statutory deadline provision in the COVID Relief-Mortgage and Rental Assistance Grant Program. The deadline under section 191-C(g)(3) of Act 24 of 2020 originally scheduled for Sept. 30 was stayed by the governor, effective today, for 30 days until Nov. 4, 2020, in order for the program to be able to continue accepting applications. The CARES assistance programs for Pennsylvania renters and homeowners have been reopened and will be accepting applications until Nov. 4.
PHFA Issues RFP to Fund Mixed-Use Development Projects
The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals for new construction, or the rehabilitation, of mixed-use projects seeking financial support. Funding will be provided through the Community Revitalization Fund Program. Mixed-use projects combine residential and retail/commercial space in the same building and often serve as a catalyst for neighborhood revitalization. The deadline for proposal submission is 2 p.m. on Friday, Dec. 4.
NCSHA Washington Report | October 2, 2020
Evictions as actual events are lagging indicators of housing hardship, the tragic endgame, more often than not, after a renter’s struggles and sacrifices and, more often than you might think, a...
MassHousing and the Boston Housing Authority Announce Financing for the Third Phase of the Redevelopment of the Anne M. Lynch Homes at Old Colony in South Boston
MassHousing has closed on a total of $78.8 million in financing to Beacon Communities LLC, to complete the third phase of the redevelopment of obsolete public housing at the Anne M. Lynch Homes at Old Colony in South Boston. The MassHousing financing will allow Beacon Communities, in partnership with the Boston Housing Authority (BHA), to demolish 135 older public housing units and construct 170 new affordable homes for lower-income families and senior citizens.
LHC Announces Improvements to Emergency Rental Assistance Program
Today, the Louisiana Housing Corporation announced improvements to the Louisiana Emergency Rental Assistance Program (LERAP) to improve access for renters and landlords impacted by COVID-19. LHC has reduced the application length and divided it into components for renters and landlords. E-signatures are now allowed for faster receipt of documentation required by the federal government. In addition to hosting in-person outreach events in New Orleans and Baton Rouge, LHC is scheduling events around the state to serve those with limited access to the internet, or who otherwise may need help in submitting their application.
House Leadership Issues Revised $2.2 Trillion Coronavirus Relief Bill
Late yesterday, House Speaker Nancy Pelosi (D-CA) issued a revised version of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, cutting more than $1 trillion from the original version of the legislation the House passed in May. However, it remains to be seen whether renewed conversations among House, Senate, and White House negotiators will result in further coronavirus relief action before the election, as thus far Republicans have resisted spending as much as proposed in the revised bill.
New Jersey Housing and Mortgage Finance Agency Expands Its Small Landlord Emergency Grant Program to Assist More New Jersey Families Struggling to Pay Rent Due to COVID-19
Today, NJHMFA announced the expansion and reopening of its SLEG Program to assist vulnerable renters across the state by covering their missed rent from April through July 2020. The program will reopen today, Monday, September 28th, at noon and will run until Tuesday, October 13th at 4:00 p.m. NJHMFA, whose mission is to increase the availability of and accessibility to safe, decent, and affordable housing to families in New Jersey, developed the SLEG Program to reimburse small landlords for missed or reduced rent payments between April 2020 and July 2020 due to COVID-19.
American Renters Will Owe Up to $34 Billion in Back Rent by January
New Report Demonstrates the Urgent Need for Federal Emergency Rental Aid WASHINGTON, DC — U.S. renters will owe up to $34 billion in past-due rent by January, increasing eviction filings and...
NCSHA Washington Report | September 25, 2020
In This Issue WHEDA’s Altoro Named to CFPB Advisory Council Boatman Patterson, Salazar Discuss HFAs’ Innovative Programs and Coronavirus Response in Industry News Features ...
Governor Larry Hogan Announces Two Communities Receive Main Street Maryland Designations
Governor Larry Hogan today announced that two new communities have received Main Street Maryland designations: Reisterstown in Baltimore County and the Town of Williamsport in Washington County. Following the designation of Aberdeen in Harford County earlier this year, Main Street Maryland has now designated 33 communities statewide, supporting locally-owned businesses, events, and activities that provide residents and visitors with an authentic Maryland experience.
RIHousing Issues Inaugural Social Bonds to Support Affordable Housing
RIHousing announced the issuance of $142 million of new bonds, the first ‘Social Bonds’ to be offered by the agency. Social Bonds are bonds that raise funds for new and existing projects that address or mitigate a specific social issue and/or seek to achieve positive social outcomes. The sale of the bonds will finance affordable home loans and down payment assistance to low-to-moderate income first-time homebuyers in Rhode Island.
The Federal Reserve Advances a New CRA Rulemaking
The U.S. Federal Reserve yesterday voted unanimously to issue an Advance Notice of Proposed Rulemaking (ANPR) seeking comments on possible amendments to its Community Reinvestment Act regulations. Interested parties will have 120 days to comment after the ANPR is published in the Federal Register, which is expected shortly.
