Newsroom
Kathryn Grosscup Named CHFA Housing Tax Credits Manager
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Kathryn Grosscup has been selected as its new manager of housing tax credits. CHFA is the allocating agency of federal and state housing tax credits in Colorado, which are awarded to developers of affordable rental housing. In this role, Grosscup is responsible for the day-to-day administration of CHFA’s tax credit allocation program and leading CHFA’s tax credit team.
Housing Choice Voucher Program’s Eastern Shore Waiting List to Open November 2, 2020, to November 30, 2020
The Maryland Department of Housing and Community Development today announced that the Housing Choice Voucher Program waiting lists will open for Caroline, Dorchester, Kent, Somerset, Talbot, Wicomico, and Worcester counties. Applications will be accepted online only from 9:00 a.m. on November 2, 2020, through November 30, 2020, at 5:00 p.m.
DCHFA Finances Affordable Housing Development in NoMa
Within a week the DCHFA has closed on its second transaction of Fiscal Year 2021 by funding the construction of 220 new affordable apartments at Northwest One. On October 16, DCHFA issued $29.9 million in tax-exempt bond financing and underwrote $17.4 million in four percent low income housing tax credit (LIHTC) for the first phase of the Northwest One located in Ward 6’s NoMa neighborhood. The project is a component of the Northwest One Redevelopment Plan, which is a New Communities Initiative from the Office of the Deputy Mayor for Planning and Economic Development (DMPED).
“It’s Just Beautiful:” New Affordable Housing Complex Welcomes Gatlinburg Residents
It’s been a big problem for Sevier County for years, made even worse by the fires of 2016--affordable housing. Now a new complex has opened in Gatlinburg, and it’s full before the grand opening ceremony. Watson Glade, a new 80 unit apartment complex in Gatlinburg, has been in the works for nearly 6 years. It took Devan Lent six months to finally find a place to move to with his two daughters.
Florida Housing Facilitates Support for Thousands of Households Through its $250 Million COVID-19 Impacted Households Program
Today, the Florida Housing Finance Corporation (Florida Housing) presented program updates on the Coronavirus Relief Fund (CRF) that launched in August 2020. First announced by Governor Ron DeSantis, the $250 million CRF Program was unveiled to assist Floridians impacted by the COVID-19 pandemic with rental and mortgage assistance. Through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), these funds are dedicated to assist tenants living in Florida Housing’s multifamily and special needs developments and other affected homeowners and renters throughout Florida.
NCSHA Washington Report | October 16, 2020
This week saw new evidence of the intense geographic concentration of disadvantage in the country and the risks it may worsen, especially for people of color, as the recession grinds on. The...
DSHA Celebrates Grand Opening of Splash Laundromat and Presents Downtown Development District Rebate Check to Owners Enrique and Veronica Nunez
Governor John Carney, Delaware State Housing Authority (DSHA) Director Anas Ben Addi, local legislators, town officials and members of the business community celebrated the grand opening of Splash Laundromat on Friday and presented a Downtown Development Districts (DDD) rebate check in the amount of $457,997 to owners Enrique and Veronica Nunez. The Nunezes applied for and received a DDD reservation in fall 2017 in support of the project.
Applicants Sought for Inaugural Michael Van Leesten Awards Program
RIHousing is seeking applicants for the agency’s Michael Van Leesten Memorial Awards program, a new awards program that provides financial assistance to students pursuing a career in the construction trades or a degree in housing development. The awards program honors the life and work of Michael Van Leesten, a longtime advocate dedicated to improving the lives of Rhode Islanders through his business leadership, civil rights activism, and public service.
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.
