Newsroom
WHEDA’s Altoro Elected to Executive Committee of the National Council of State Housing Agencies
Joaquín Altoro, CEO of the Wisconsin Housing and Economic Development Authority, has been elected to serve as the at-large member of the executive committee of the National Council of State Housing Agencies. Altoro, who started a two-year term on NCSHA’s board of directors in 2019, was elected to the executive committee role by the other board members. NCSHA is a nonprofit, nonpartisan organization created to advance the efforts of the nation’s state housing finance authorities and their partners to provide affordable housing to those who need it.
Governor Wolf Announces Investment of Tax Credits in North Philadelphia to Build Transformative Mixed-Use Development
Governor Tom Wolf today announced that Commonwealth Cornerstone Group has completed a New Markets Tax Credit transaction of $16.5 million to help fund construction of a new shopping complex and 98 mixed-income units of rental housing along the 2000-2200 block of Ridge Avenue in North Philadelphia. The 231,000-square-foot commercial shopping complex already has four major tenants lined up to begin business when construction is completed.
IRS Publishes Housing Credit and Private Activity Bond 2021 Volume Cap Amounts
On October 26, the Internal Revenue Service issued Revenue Procedure 2020-45, providing the 2021 per capita and small state minimum levels for the Housing Credit and Private Activity Bond (PAB) volume caps. In 2021, states will receive the greater of $2.81 per capita or $3,245,625 in Housing Credit authority.
Iowa Finance Authority Honored with National Marketing Award
The Iowa Finance Authority was recently honored with a national marketing award from the National Council of State Housing Agencies (NCSHA) for their 2019 annual report, which showcases the positive chain reactions affordable housing creates throughout the state of Iowa. “Housing is a leading driver in Iowa’s economic vitality, community and workforce development and health and educational outcomes,” said Iowa Finance Authority and IEDA Executive Director Debi Durham. “Communicating these success stories is essential, especially as we work to significantly increase housing options for Iowans as we grow our state.”
NCSHA Honors State Housing Finance Agencies for Affordable Housing Innovation
WASHINGTON, DC — On October 27, the National Council of State Housing Agencies (NCSHA) recognized 16 state Housing Finance Agencies (HFAs) for initiatives that effectively address affordable...
NCSHA Announces Newly-Elected Board Officers and Directors
WASHINGTON, DC — The National Council of State Housing Agencies held its Board of Directors election on October 26 during the association’s 2020 Annual Conference & Showcase. Nominated from...
Housing Agency Awarded Supplemental Counseling Grant
North Dakota Housing Finance Agency (NDHFA) has been awarded a $69,472 Supplemental Comprehensive Housing Counseling Program grant for FY 2020 from the U.S. Department of Housing and Urban Development (HUD). “The HUD grant supports housing counseling services including foreclosure avoidance and rental counseling that are especially important to North Dakotans right now as we work through the personal challenges of the COVID-19 pandemic,” said David Flohr, NDHFA executive director.
NCSHA Washington Report | October 23, 2020
90 seconds for our closing argument: You can’t afford to miss NCSHA’s first virtual Annual Conference & Showcase next week because it offers more programming than any NCSHA conference...
Housing Assistance Available for South Dakotans Impacted by COVID-19
South Dakota Housing Development Authority (SDHDA) has been awarded $10 million to assist South Dakotans who have been financially impacted by COVID-19 and need help paying their housing expenses such as rent, mortgage, and/or utilities. The assistance, funded by the State of South Dakota from the Federal Coronavirus Aid, Relief and Economic Security (CARES) Act, can provide South Dakotans with up to $1500 a month.
Rural Affordable Workforce Housing Initiative Moves Forward With Pilot Communities, Supplemental Financing Tools
An effort by the Wisconsin Housing and Economic Development Authority to address the state’s shortage of rural affordable workforce housing is moving forward with the selection of three pilot communities and new financing tools for homebuyers and developers in rural areas. “If Wisconsin is to thrive, access to safe, affordable housing is critical for rural residents, employers and communities,” said Gov. Tony Evers.
MassHousing Closes $64.7 Million in Financing for the Acquisition, Rehabilitation and Long-Term Preservation of the Blue Mountain Apartments in Roxbury
MassHousing has closed on a total of $64.7 million in affordable housing financing to the non-profit NHP Foundation for the acquisition, rehabilitation and preservation of the historic, 217-unit, Blue Mountain Apartments in Roxbury. As a result of the transaction, all 217 homes at the Blue Mountain Apartments will remain affordable to low-income households through at least 2045.
Kansas Housing Establishes Kansas Eviction Prevention Program, Announces $35 Million in Statewide Rental Assistance
Tenants and landlords experiencing financial hardship as a result of the COVID pandemic may receive up to $5000 in rental assistance per tenant household, thanks to a new statewide relief initiative. The Kansas Eviction Prevention Program (KEPP), funded through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, authorized by Governor Kelly’s Strengthening People and Revitalizing Kansas (SPARK) Taskforce, and administered by Kansas Housing Resources Corporation (KHRC), serves tenants and landlords who have missed paying or collecting at least one rent payment since April 1, 2020, due to the COVID pandemic.
