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Governor Wolf Announces Funding to House the Erie Center for Arts and Technology in the Old Wayne School Building
Governor Tom Wolf today announced that Commonwealth Cornerstone Group has completed a New Markets Tax Credit transaction of $9.5 million with the Erie Center for Arts and Technology (ECAT) to transform the mostly vacant Wayne School building into a new resource for the community. The renovated building will become a community hub for job training, health care, social services and the arts through a mixed tenant base.
NCSHA Washington Report | August 14, 2020
Over the past few weeks, millions on Twitter have received, and retweeted to millions more, a series of messages from one of the service’s most powerful and prolific accounts warning of the...
Secretary Carson Approves New Uses for Communities’ Coronavirus Relief Funds
Washington - U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new flexibilities states and local government can use in order to best utilize Community...
Governor Wolf Announces 2020 PHARE Funding to Support Affordable Housing Across Pennsylvania
Governor Tom Wolf today announced recipients of a new round of funding for housing programs made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) fund. The governor named 214 housing and community development initiatives in 67 counties that will share a portion of the total $45.79 million in PHARE funding. The PHARE fund, which is sometimes referred to as the state Housing Trust Fund, is managed by the Pennsylvania Housing Finance Agency.
Governor Wolf Announces Funding for Affordable Rental Housing
Governor Tom Wolf today announced awards totaling $42 million in Low Income Housing Tax Credits, $6.08 million in PennHOMES funding, and $12.6 million in National Housing Trust Funds for the construction of 36 affordable multifamily housing developments in Pennsylvania. The federal tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.
Deadline Nears for Rural Professional Housing Funding
Small, rural communities must register to be considered for Alaska Housing Finance Corporation’s Teacher, Health Professional, and Public Safety Housing program before Friday, August 21 at 5 p.m. Registration is necessary for access to the $2 million in funding made available by AHFC. Following registration, AHFC will provide project developers with training and support to submit proposals that will be evaluated objectively for criteria that includes community need, number of units to be developed/renovated, other funding and project costs, including consideration of renewable or efficient energy sources.
HUD Publishes CARES Act Guidance for CDBG Program
On August 10, HUD published a Notice providing guidance on program rules, waivers, and alternative requirements allowed in accordance with the Coronavirus Aid, Relief, and Economic Security (CARES) Act for the $5 billion in supplemental Community Development Block Grant funding Congress provided to help states and localities respond to the coronavirus pandemic (CDBG-CV). The Notice also provides flexibility and relief for annual formula CDBG grants for fiscal years (FY) 2019 and 2020, so that grantees may use regular yearly CDBG resources for those years as part of their coronavirus response.
Executive Order Directs Agencies to Consider Ways to Prevent Evictions, Foreclosures
On August 8, President Trump issued an Executive Order to address COVID-19-related challenges for renters and homeowners. The E.O. directs a number of federal agencies, including the Department of Housing and Urban Development and the Department of Treasury, to consider actions to prevent eviction and foreclosure. However, it does not include specific policy changes.
HUD Awards $472 Million to Public Housing Authorities to Help Keep Residents Housed
Washington - The U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $472 million in CARES Act funding to help low income families during the coronavirus...
NCSHA Washington Report | August 7, 2020
For decades, state housing finance agencies have stepped up as first housing assistance responders to disasters and emergencies. From sudden hurricanes, floods, and wildfires to sustained...
HUD Awards $74 Million to State Housing Agencies for Housing for Persons with Disabilities
HUD announced on August 3 it had awarded more than $74 million in Section 811 Supportive Housing for Persons with Disabilities grants to 12 state housing agencies, including 10 state housing finance agencies. The awards will provide project-based rental assistance to approximately 2,400 units for up to five years.
Multifamily Property Owners in Forbearance Now Required to Inform Tenants of Eviction Suspension and Tenant Protections
Washington, D.C.– To increase awareness of available tenant protections, the Federal Housing Finance Agency (FHFA) announced today that multifamily property owners with mortgages backed by Fannie...
