Newsroom
National Housing Trust Fund – FAQs Posted & Revised Application Materials
WHEDA has posted an FAQ document to provide further guidance on the National Housing Trust Fund (HTF) application. Additionally, we have posted a corrected version of the document: HTF Application Certification Please include this revised version in all submitted applications.
Cambridge Housing Community Will Have Extensive Renovations and Residents Will Have Affordability Extended with $45 Million in MassHousing Financing
MassHousing is providing a total of $45 million in affordable housing financing to an affiliate of the Cambridge Housing Authority (CHA), for the modernization and preservation of the 198-unit Daniel F. Burns Apartments. The MassHousing financing will allow the CHA to make extensive renovations to the Burns Apartments, including the installation of sustainable building systems, and will extend affordability for low-income senior citizens and residents with disabilities for at least 20 years.
Mayors Press Congress to Enact 4 Percent Minimum Rate, Lower 50 Percent Test in the Next Coronavirus Relief Legislation
On June 1, 67 mayors representing communities across 28 states and the District of Columbia sent a letter to House and Senate leaders urging Congress to establish a minimum 4 percent rate for bond-financed properties and lower the “50 percent test” financed-by threshold that bond-financed Credit properties must meet to receive 4 percent Housing Credits in the next coronavirus relief legislation. Mayors from both parties signed the letter. The letter was coordinated by the ACTION Campaign, a coalition of more than 2,300 organizations and businesses across the nation co-chaired by NCSHA and Enterprise Community Partners.
MassHousing Closes on $22.6 Million in Financing to Create a New 76-Unit Affordable Housing Community on Long-Vacant Property in Mattapan
MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan. The Planning Office for Urban Affairs and CICD will utilize the MassHousing financing to transform a long-vacant city-owned parcel into an inclusive new affordable housing community.
WHEDA Seeks Projects for National Housing Trust Funds
The Wisconsin Housing and Economic Development Authority is seeking applications for a total of $1.9 million in National Housing Trust Fund financing targeting housing projects for people with extremely low incomes. Eligible projects include those that received 2019 or 2020 federal 9% or federal and state 4% housing tax credits. The housing trust fund financing is intended to expand the number of units available for households at or below 30% of area median income.
FHFA Publishes Final Rule on the FHLBanks’ Housing Goals
Washington, D.C. – To help underserved borrowers, the Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the Federal Home Loan Banks’...
Florida Housing Finance Corporation Honors National Homeownership Month
Florida Housing Finance Corporation (Florida Housing) is proud to celebrate National Homeownership Month showcasing the importance of home. While the structure of people’s homes may not have changed, its meaning has indeed transitioned over the past few months. Home has become a place of comfort, safety, good health, and family.
LHC Releases $13.9 Million in CARES Act Energy Assistance
Today, the Louisiana Housing Corporation announced that $13.9 million in Low-Income Home Energy Assistance Program (LIHEAP) funds are available. The LIHEAP funding, awarded through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, will be used to help families, seniors and people with disabilities pay their energy bills.
Treasury Opens FY 2020 Funding Round of the Capital Magnet Fund
On May 28, the U.S. Department of the Treasury's Community Development Financial Institutions Fund began accepting applications for the FY 2020 funding round of the Capital Magnet Fund.
MassHousing Closes on $25.25 Million in Financing to Extend Affordability on 82 Housing Units and Make Property Improvements in Roxbury
MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza Trust properties, into a single development entity, make substantial capital improvements to the properties, and extend affordability protections for residents for at least 20 years.
MassHousing Closes $25.6 Million in Financing for the Renovation and Extension of Affordability at Dorchester Housing Community
MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester. Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially rehabilitated in the 1980s.
NCSHA Washington Report | May 22, 2020
Just when it looked like there might be a short pause to the frantic federal policymaking in response to COVID-19, this week saw two financial regulators make moves that, while not aimed at the...
