Newsroom
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...
Louisiana Housing Corporation Announces Partnership with the City of New Orleans and Finance Authority of New Orleans
The Louisiana Housing Corporation (LHC) is pleased to announce its collaboration with the City of New Orleans and Finance Authority of New Orleans (FANO). Through this agreement, which was approved by the New Orleans City Council Thursday, May 2, FANO will have the ability to pair its multifamily revenue bonds with LHC’s non-competitive 4 percent tax credits. These credits provide tax incentives that aim to increase the availability of affordable rental housing.
OCC Finalizes New CRA Regulations; Comptroller Otting Resigns
The Office of the Comptroller of the Currency (OCC) on May 20 approved a final rule substantially amending its Community Reinvestment Act regulations. The final rule is generally consistent with the proposed rule OCC released late last year but includes some changes in response to public comments.
FHFA Releases Re-Proposed Capital Rule for the Enterprises
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking that establishes a new regulatory capital framework for...
SC Housing Authorizes $5 Million for COVID-19 Rental Assistance
SC Housing will provide approximately $5 million in emergency rental assistance to South Carolinians facing financial hardships as a result of the COVID-19 health crisis. The program will provide emergency housing assistance on behalf of renters affected by shutdowns, closures, layoffs, reduced work hours or unpaid leave. Eligible households could receive rental assistance of up to $1,500, with payments made directly to landlords or management companies. Relief will be provided as a one-time lump sum toward eligible tenants’ rent payments.
OCC Finalizes Rule to Strengthen and Modernize Community Reinvestment Act Regulations
Washington — The Office of the Comptroller of the Currency (OCC) today released a final rule strengthening and modernizing the agency’s regulations under the Community Reinvestment Act (CRA).
PHFA Invites Applicants for 2021 Housing Policy Fellowship
This fellowship will fund a maximum of 12 months of research on a pressing housing or community development topic. With a monthly stipend of $1,000, the maximum funding available will be $12,000. The financial support can be for a variety of activities supporting the approved research, including interviews with experts, securing resources and study materials, travel for attending relevant conferences and more.
NCSHA Washington Report | May 15, 2020
With encouraging news in such short supply these days, it’s frustrating to find any dark linings in what look like silver clouds. Last Friday’s report from the National Multifamily...
