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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.
SDHDA Encouraging Struggling Homeowners to Reach Out to Their Loan Servicers
South Dakota Housing Development Authority (SDHDA) is encouraging homeowners, struggling to make their mortgage payments, to reach out to their loan servicer for payment relief options. Your loan servicer is who you make your monthly payments to and their contact information can usually be found on your mortgage statement.
NCSHA Washington Report | April 24, 2020
It now seems clear the federal government intends to let significant harm come to the housing market, rather than take the proactive and preventative steps so many of us in the industry and...
NCSHA Statement on FHFA’s Announcement Fannie Mae and Freddie Mac Will Purchase Loans in Forbearance
NCSHA commends the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac for taking steps this week to provide needed liquidity for home mortgage loans closed before homeowner forbearance...
DSHA Pauses Delaware Housing Assistance Program to Manage Volume, Assess Available Resources
Delaware State Housing Authority (DSHA) is temporarily pausing application submissions for the Delaware Housing Assistance Program (DE HAP). Pausing the program will allow DSHA to explore how resources from the federal government and others may be used in the coming weeks to continue the program and respond to the ongoing high demand for assistance. It will also allow DSHA staff and community partners to process the more than 5,000 applications that have been received since the program launched on March 26.
PHFA Recognizes Its Top Lending Partners
The Pennsylvania Housing Finance Agency is honoring its top lending partners for 2019. Homebuyers across Pennsylvania work with these approved lenders for the application, processing, and closing of affordable PHFA home loans. “Thanks to the outstanding efforts of these PHFA lending partners, residents across the commonwealth have been able to realize their dream of owning a home,” said PHFA’s Executive Director and CEO Robin Wiessmann.
Housing Regulator Takes Step to Ease Crunch at Mortgage-Finance Companies
WASHINGTON—A U.S. housing-finance regulator on Wednesday announced steps to ease strains on mortgage companies facing a cash crunch as millions of Americans suspend their monthly payments amid...
How the Fed Can Protect the Housing Market – and Why It Should
While the CARES Act stimulus bill recently signed into law provided short-term, temporary relief from monthly mortgage and rent payments for millions of Americans, the law still requires those...
