Newsroom
OHFA Trustees Approve HOME Contracts to Bring Single Family Houses to Oklahoma Communities
Six Oklahoma non-profit housing organizations plan to utilize funding approved by Oklahoma Housing Finance Agency’s Board of Trustees to build or rehabilitate houses for low income residents living in communities across the state. Each organization also received an operating assistance grant. Additionally, Community Action Agency of Oklahoma City and Oklahoma/Canadian Counties, Inc. received a $200,000 grant that will provide assistance to 15 homebuyers across Oklahoma and Canadian Counties.
Denver Maw Named CHFA Finance Director
Colorado Housing and Finance Authority (CHFA) is pleased to announce Denver Maw has been named as the organization’s finance director. Maw joined CHFA in 2013 and most recently served as finance manager, overseeing CHFA’s debt issuance and administration. “I look forward to collaborating with CHFA’s partners, customers, and our internal teams to meet the needs of affordable housing and community development finance in Colorado. CHFA is an excellent organization to be a part of and I’m honored to serve in this new capacity,” said Maw.
NCSHA Washington Report | July 24, 2020
When America experiences turbulence, the subject of suburbs gets contested — and complicated. The urban unrest of the 1960s led to decades of “white flight” from cities to suburbs that...
HUD Secretary Ben Carson Commemorates One Year Anniversary of the Foster Youth to Independence Initiative
Pittsburgh, PA - U.S. Housing and Urban Development Secretary Ben Carson today commemorated the One Year Anniversary of the Foster Youth to Independence Initiative in Pittsburgh, Pennsylvania, where...
HUD Replaces Affirmatively Furthering Fair Housing Rule with Preserving Community and Neighborhood Choice Rule
On July 23, HUD issued a new Preserving Community and Neighborhood Choice final rule, which repeals the 2015 Affirmatively Furthering Fair Housing final rule and the 1994 Analysis of Impediments requirements, returning to HUD’s pre-1994 understanding of the 1968 Fair Housing Act’s obligation to affirmatively further fair housing. The Preserving Community and Neighborhood Choice rule requires HUD grantees to certify they will use HUD funds to take active steps to promote fair housing. HUD will deem sufficient a grantee’s certification so long as the grantee proposes to take any action above what is required by statute to promote the attributes of fair housing. The rule defines fair housing as “housing that, among other attributes is affordable, safe, decent, free of unlawful discrimination, and accessible under civil rights laws.” The final rule is not subject to public notice or comments and will be effective 30 days after its publication in the Federal Register.
Secretary Carson Terminates 2015 AFFH Rule
Washington - U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the Department will ultimately terminate the Obama Administration’s Affirmatively Furthering...
WHEDA Awards National Housing Trust Funds
Three projects that will provide housing to extremely low-income elderly and disabled residents have been awarded a total of $1.9 million in National Housing Trust Fund financing by the Wisconsin Housing and Economic Development Authority. The projects, in Ashwaubenon, Bristol and Milwaukee, previously received highly competitive federal 9% or state 4% housing tax credits administered by WHEDA.
WHEDA Welcomes Applications for Rural Affordable Workforce Housing Initiative
The Wisconsin Housing and Economic Development Authority is now welcoming applications for the rural affordable workforce housing pilot. A webinar to answer questions about the application process will be held July 24 at 1 p.m. Information about the initiative including the rural affordable workforce housing initiative plan and application documents can be found here; registration for the free webinar is available here.
Secretary Carson Announces Housing Choice Voucher Mobility Demonstration
Washington- Today Secretary Ben Carson announced HUD’s new “Housing Choice Voucher Mobility Demonstration,” which aims to measure the impact of housing choice upon the economic condition of...
CalHFA Helps 13,000 Californians Become Homeowners
Three bedrooms in Alameda. A nice-sized backyard in Riverside. Two stories in Modesto. Just a small glimpse at what more than 13,000 California families were able to purchase in the past fiscal year thanks to a loan from the California Housing Finance Agency. We helped finance houses with patios, ceiling fans and gas ranges galore, through our powerful combination of low-interest down payment assistance and closing cost loans, added to competitively-priced first mortgages.
South End Mixed-Income Housing Community Will Undergo Major Renovation and the Preservation of Affordability with $30.3 million in MassHousing Financing
MassHousing has provided a total of $30.3 million in affordable housing financing to the Fenway Community Development Corporation for the refinancing, major renovation, and preservation of affordability for mixed-income households at the 97-unit Newcastle Saranac in Boston’s South End. Fenway CDC – in partnership with the Schochet Companies – acquired Newcastle Saranac through Chapter 40T, after the MassHousing Section 13A mortgage expired in March 2018 and the former owner intended to sell the property, putting the property’s 97 affordable units at risk of converting to market-rate rents.
MassHousing Closes on $9.5 Million in Financing for New Affordable Housing for Lower-Income Senior Citizens in Taunton
MassHousing has closed on $9.5 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc. and Taunton Revitalization, Inc., to support the construction of a new 40-unit housing community for lower-income senior citizens at the former Walker School in Taunton. The Walker School will involve the redevelopment of the vacant, former school into 40 new one-bedroom apartments. The school building will contain 16 apartments and the development team will build an addition containing 24 apartments.
