Newsroom
DCHFA Finances Third Affordable Apartment Community of the Month in Ward 7’s Deanwood
DCHFA completes its third transaction of February by financing the construction of 1100 Eastern Avenue Apartments, 63 affordable apartments in Ward 7. DCHFA issued $13.9 million in tax exempt bonds and underwrote $9.8 million in low income housing tax credit (LIHTC) equity. “The Deanwood neighborhood is seeing a great deal of development and has become a sought after place to live, especially since being designated an Opportunity Zone.
Hogan Administration Announces $700,000 Community Development Block Grant to Allegany County; Matching $750,000 Federal Hazard Mitigation Grant
The Maryland Department of Housing and Community Development today announced a $700,000 Community Development Block Grant to Allegany County. The funding will be used to purchase land and relocate residents from a portion of the Garden City Mobile Home Park that lies in the floodplain and had previously flooded as recently as 2014.
Hogan Administration Announces First State Housing Finance Bond Rating Upgrade in 40 Years
The Maryland Department of Housing and Community Development today announced that Moody's Investors Service, a major credit rating agency, has upgraded the Maryland Community Development Administration's Residential Revenue Bond Program. The upgrade took place in connection with the $130.75 million 2020 Series A (Non-AMT) and $9.25 million 2020 Series B (AMT) bond issuance.
NJHMFA Opens 2020 Round of Federal 9% Low Income Housing Tax Credits to Help Fund Creation of 1,200 Affordable Apartments
With a goal of boosting affordable housing in areas of high opportunity with access to good schools and transportation, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) today announced its timeline to award $24 million in highly competitive federal 9 percent Low Income Housing Tax Credits (LIHTC) for 2020. The tax credit awards are anticipated to generate about $230 million in private equity and create about 1,200 affordable rental apartments.
DCHFA Finances Affordable Senior Community Named After Todd A. Lee
The DC Housing Finance Agency is financing the construction of a new community for seniors age 55 or older in Ward 4, the Todd A. Lee Senior Residences at Kennedy Street. DCHFA issued $8.2 million in tax exempt bonds and underwrote $5.6 million in low income housing tax credit (LIHTC) equity for the acquisition and construction of the property in the District’s Brightwood Park neighborhood.
Video Release: Governor Hogan Celebrates Groundbreaking for Lexington Market Redevelopment
Governor Larry Hogan today participated in a groundbreaking ceremony marking the start of redevelopment of Baltimore's historic Lexington Market, the longest operating public market in America. The governor was joined by Maryland Department of Housing and Community Development Secretary Kenneth C. Holt, Maryland Department of General Services Secretary Ellington Churchill, Jr., city officials, development partners, and local stakeholders.
NCSHA Washington Report | February 14, 2020
In the years after World War II, an average of one in five Americans moved every year. Last November, the Census Bureau reported the share had fallen below 10 percent for the first...
HUD Kicks Off 2020 Secretary’s Awards For Healthy Homes Competition
WASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD) announced it’s opening this year’s HUD Secretary Awards for Healthy Homes. Promoting healthy homes that foster...
NJHMFA Helps Kick Off Final Phase of Redevelopment in Camden
A groundbreaking today, attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, kicked off construction of 58 affordable apartments for seniors, which is the last phase of the redevelopment of a former public housing site in the city’s Centerville neighborhood. Phase four of The Branches at Centerville will complete the comprehensive revitalization of the site of the former Clement T. Branch Village.
Florida Housing Finance Corporation Celebrates 40 Year Anniversary
Florida Housing Finance Corporation (Florida Housing) is celebrating four decades of service as an outstanding provider of innovative, timely solutions that assist Floridians with their housing needs. As the state’s housing finance agency (HFA), Florida Housing partners with developers, lenders and nonprofits across the state to finance affordable housing properties, specifically tailored to demographics such as senior citizens, families, veterans, homeless and persons with disabilities.
RIHousing Names James Comer as Deputy Executive Director
RIHousing today announced that James Comer has joined the agency in the position of Deputy Executive Director. Comer has extensive experience in strategic planning, property management and affordable housing finance. He most recently served as Executive Director of Women’s Development Corporation (WDC), a Rhode Island-based community development corporation.
Trump Administration’s FY 2021 Budget Proposes Significant Cuts to Federal Housing and Community Development Programs
On February 10, the Trump Administration sent Congress its Fiscal Year (FY) 2021 Budget request, “A Budget for America’s Future.” The $4.8 trillion budget outlines the Trump Administration’s fiscal priorities for the coming year, including eliminating several key federal affordable housing and community development programs and arguing that states and local governments are “better positioned to comprehensively address the array of unique market challenges, local policies, and impediments that lead to housing affordability problems.”
