Newsroom
HUD Moves Quickly To Make $3 Billion of COVID-19 Relief Funding Available To Communities Across The Nation
After the President signed the CARES Act last Friday, Secretary Ben Carson directed the U.S. Department of Housing and Urban Development (HUD) to immediately begin allocating $3.064 billion to help...
U.S. Holds Off on Extending Virus Aid to Mortgage Servicers
U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed payments from borrowers hurt by the coronavirus crisis, according to people familiar with...
HUD Issues New Cares Act Mortgage Payment Relief for FHA Single Family Homeowners
Washington - On April 1, the U.S. Department of Housing and Urban Development announced a tailored set of mortgage payment relief options for single-family homeowners with FHA-insured mortgages who...
DCHFA Finances the Preservation of 588 Affordable Apartments in Ward 8
The District of Columbia Housing Finance Agency (DCHFA) closes out the month of March by funding two transactions, the rehabilitation and preservation of Skyline Apartments and Woodberry Village Apartments. “At DCHFA we are equally focused on preserving and modernizing existing affordable housing while also creating new units of affordable housing.
HUD Publishes Report on Housing Credit Tenant Characteristics
The U.S. Department of Housing and Urban Development has published "Understanding Whom the LIHTC Serves: Data on Tenants in LIHTC Units as of December 21, 2017." The report provides demographic data about Housing Credit tenants, including race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden, as required by the Housing and Economic Recovery Act of 2008. HUD typically publishes this report annually; however, publication last year — which would have covered data through the end of 2016 — was delayed due to the government shutdown in early 2019. HUD ultimately decided to wait until 2020 to publish the report, which covers both 2016 and 2017 tenant data submissions from state Housing Credit agencies.
Florida Housing Finance Corporation Successfully Offers Assistance to Homeless Schoolchildren in Santa Rosa County
Florida Housing Finance Corporation (Florida Housing) has recently released its findings from a pilot program conducted in Santa Rosa County looking at the significant need for affordable, permanent housing options for homeless families with school-aged children. The state of Florida currently has more than 96,208 homeless schoolchildren, and in many cases, a lack of stable housing prevents these children from attending school on a consistent basis.
VHFA Awards Federal Tax Credits for Future Construction of Affordable Apartments Statewide
The Vermont Housing Finance Agency (VHFA) Board of Commissioners announced yesterday that its annual allocation of federal housing tax credits will support the development of 130 permanently affordable apartments in five communities across the state. “Despite the unique circumstances caused by the coronavirus outbreak, it was very important for VHFA to move ahead with the tax credit allocation,” remarked VHFA Executive Director Maura Collins.
NCSHA Calls on HUD to Provide Regulatory Relief for HOME, HTF, and ESG Programs
NCSHA, on March 30, sent a letter to the U.S. Department of Housing and Urban Development urging the department to waive certain program rules, extend deadlines, and make other accommodations for Community Planning and Development programs necessary to help grantees address housing needs resulting from the COVID-19 pandemic. Our recommendations focus on the HOME Investment Partnerships Program, the Housing Trust Fund, and Emergency Solutions Grants.
PHFA Continues Efforts to Assist Renters And Homeowners Impacted Financially by the Coronavirus Pandemic
As the broad economic impact caused by the coronavirus becomes more clear, the Pennsylvania Housing Finance Agency is continuing to take steps to help renters and homeowners retain their housing until they are able to recover financially. “PHFA is taking immediate action to provide its borrowers with mortgage relief,” said PHFA Executive Director and CEO Robin Wiessmann.
Affordability Extended for Lower-Income Seniors at New Bedford Housing Community as a Result of $42.7 Million in MassHousing Financing
MassHousing has provided $42.7 million in affordable housing financing to Affordable Housing and Services Collaborative (AHSC) to preserve and extend the affordability for lower-income senior citizens for at least 36 years at the 327-unit Melville Towers in New Bedford. “Melville Towers has been a longstanding source of quality affordable housing for senior citizens in New Bedford,” said MassHousing Executive Director Chrystal Kornegay. “We are pleased that this transaction will ensure that these homes will remain affordable to the residents there for at least 36 more years.”
NCSHA Washington Report | March 27, 2020
Congress’ historic, admirable, and necessary work this week to inject $6.5 trillion or more into the U.S. economy is widely labeled “economic stimulus,” but a few Politico...
Julie Brewen Named Chair of Colorado Housing and Finance Authority Board of Directors
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Julie Brewen, chief executive officer of Housing Catalyst, has been named CHFA’s board chair for the 2020-2021 board term. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development.
