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NCSHA Washington Report | March 6, 2020
Groundbreakings for new affordable housing are all about optimism and future possibilities. One in Northwest Washington, DC, today triggered a wider range of emotions, because the development of...
By Reducing Interest Rates to Historic Lows, VHFA Expands Homebuying Opportunities Statewide
This week marked VHFA’s offering of the lowest interest rates in the agency’s history for Vermont homebuyers. Rates as low as 3.0% became available on 30-year mortgages made through VHFA’s programs, available exclusively through its statewide network of participating lenders.
Murphy Administration Announces $50 Million Initiative to Provide Affordable, Supportive Homes for Residents with Special Needs
To help meet the state’s critical need for permanent and affordable supportive housing, the Murphy Administration announced today a new $50 million initiative from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) which will provide funding for 400 apartments for residents with special needs.
NCSHA Washington Report | February 28, 2020
Economists of all ideological stripes have tended to favor policies aimed at people over those that target places. This may be changing, as the geography of prosperity in...
CHFA Awarded $6 Million in Capital Magnet Funds to Support Affordable Housing
Colorado Housing and Finance Authority (CHFA) has been awarded a $6 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 38 total recipients nationwide. This is the third CMF award that CHFA has received, bringing the total award amount to more than $19 million, receiving $7.1 million in 2018, and $6 million in 2019.
Housing Agency Honors Outstanding Partners With Champion Awards
North Dakota Housing Finance Agency recognized ten of the lending institutions, loan officers and real estate agents who promote its homeownership program as Champions of Affordable Housing. The state agency provides individuals and families, primarily first-time buyers, with low-cost financing, and down payment and closing cost assistance.
Getting More Homes Built Incrementally Focus of March 3 New Hampshire Housing Conference in Manchester
Getting more homes built in New Hampshire communities through incremental development is the focus of New Hampshire Housing’s 2020 Homeownership Conference on Tuesday, March 3 from 8 AM – 12:30 PM at the Manchester Country Club. To develop the different types of housing our state’s residents need, it will take different solutions to create that range. Incremental development via small-scale real estate development projects is one proven tactic.
NCSHA Washington Report | February 21, 2020
An important, if underappreciated, function of Congress is using its committees as venues for exploring emerging issues on which federal action may, or may not, be warranted. A good example...
HUD Seeking Tribal Leader Consultation on Planned DPA Regulations
HUD recently posted a letter the General Deputy Assistant Secretary for Housing sent to Tribal Leaders on February 14. The letter, issued in accordance with HUD’s Government-to-Government Tribal Consultation Policy, requests feedback on regulatory changes HUD has been planning to issue for some time on using downpayment assistance in conjunction with FHA single-family mortgage insurance.
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.
