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Affordability Extended for Lower-Income Senior Citizens at Methuen Housing Community as a Result of $7.9 Million in MassHousing Financing
MassHousing has provided $7.9 million in affordable housing financing to the non-profit Community Teamwork, Inc. (CTI) to preserve affordability for lower-income senior citizens at the 60-unit Merrimack Valley Apartments in Methuen and extend affordability at the community for at least 23 years. “MassHousing was pleased to complete the refinancing of this important affordable housing resource for senior citizens in Methuen,” said MassHousing Executive Director Chrystal Kornegay.
The Housing Market Faces Its Next Crisis as May Rent and Mortgages Come Due
Millions of homeowners and renters already are behind on payments in the economic collapse, and the jobless ranks are growing.
Lawmakers Weigh Relief for U.S. Homeowners Facing Balloon Payments
WASHINGTON—Lawmakers are considering ways to provide more relief for millions of homeowners who have taken advantage of a government offer to suspend mortgage payments amid the coronavirus pandemic.
NCSHA Washington Report | May 1, 2020
For a generation, the nation’s critical infrastructure of now more than three million Housing Credit apartments in thousands of properties has been resilient in the face of disasters,...
DCHFA Closes out April by Funding Senior Affordable Housing in Petworth
The DCHFA closed out the month of April with a second deal closure within a week. On April 29 DCHFA issued $7.1million in tax exempt bonds and underwrote $3.7 million in four percent LIHTC equity for the acquisition and rehabilitation of Spring Flats Senior in the Ward 4 neighborhood of Petworth. “Affordable housing for the District’s senior residents is critical to allow them to age in place in the city that they have called home for decades. The rehabilitation of Spring Flats Senior in Petworth will give the residents access to an amenity rich neighborhood,” stated Christopher E. Donald.
Which States Are Doing a Better Job Protecting Renters from Being Evicted During the Coronavirus Pandemic
For millions of renters who have lost income, rent day on May 1 is a looming disaster. A majority of the country’s 43.8 million renting households have lost at least some of their income in...
Florida Housing Unveils Redesigned Affordable Rental Housing Locator
Today, the Florida Housing Finance Corporation (Florida Housing) unveils the redesign of the statewide online affordable rental housing locator called FloridaHousingSearch.org
MassHousing Closes on $2.8 Million in Financing for New Workforce Housing in Northampton
MassHousing has closed on $2.8 million in affordable workforce housing financing to The Community Builders for the ongoing construction of the 12-unit 35 Village Hill Road in Northampton. Valley Community Development Corporation is the project co-sponsor. The new housing, which is being developed on the site of the former Northampton State Hospital, will feature 10 workforce housing apartments for moderate-income households and two deeply affordable units for clients of the DMH.
WHEDA Awards $31.9 Million In Federal And State Housing Tax Credits
The award of $31.9 million in federal and state tax credits will advance housing opportunity and economic recovery in Wisconsin through creation of 2,039 affordable housing units in the months ahead, Gov. Tony Evers announced Tuesday. The state and federal housing tax credit awards by the Wisconsin Housing and Economic Development Authority (WHEDA) support housing developments in 23 communities statewide and cap a highly competitive process that drew requests totaling $61 million.
Single-Family Housing Rehab Program Grants Approved
The North Dakota Industrial Commission approved an allocation of almost $200,000 today through Helping Housing Across North Dakota (HAND). The program addresses the housing rehab needs of lower-income individuals and families by providing grants to targeted community programs. North Dakota Housing Finance Agency (NDHFA) administers the program.
Federal Help for Mortgage Servicers Can and Must Also Reach Renters and Owners
By Stockton Williams and Gene Slater Recent moves by Ginnie Mae and the Federal Housing Finance Agency to help mortgage servicers meet some of their short-term financial needs fail to defuse...
DCHFA Finances Affordable Housing in Wards 2 and 4
The District of Columbia Housing Finance Agency (DCHFA) is partnering with SOME (So Other Might Eat) by financing affordable housing in Wards 2 and 4. On April 24th, DCHFA issued $17.3 million in tax exempt bonds and underwrote $10.2 million in low income housing tax credit (LIHTC) equity for the acquisition and rehabilitation of Anna Cooper House in Ward 2 and Building 17 on the campus of the former Walter Reed Army Medical Center in Ward 4.
