Newsroom
Financial Regulators Propose Overhaul of Anti-Redlining Law
Financial regulators appointed by the Trump administration proposed Thursday an overhaul of a 40-year-old anti-discrimination law, potentially upending the way banks make loans to low-income...
NJHMFA Celebrates Rehabilitation of Apartments Affordable to Families in Newark
A ribbon-cutting ceremony today marked the completion of the major rehabilitation of a decades-old building with 200 apartments affordable for working families in the city’s Central Ward. New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff attended the ceremony. The project, 440 Washington Street, was co-developed by BRP Companies, based in New York City, and the St. James A.M.E. Development Corporation.
Groundbreaking Marks Start of New Affordable Apartments, Supportive Housing in Mercer County
A groundbreaking today kicked off the construction of Freedom Village at Robbinsville, which will provide 72 apartments affordable to families as well as supportive housing for special needs residents and was funded in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). NJHMFA executive staff attended the ceremony.
Fannie Mae and Freddie Mac Curb Some Loans as Regulator Reins In Risk
Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in risk at the behest of their regulator.
SDHDA Awards $9.2 Million for Affordable Housing in South Dakota
South Dakotans will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved the award of more than $9.2 million in funding for housing activities. The developments will receive $2.7 million in Housing Tax Credits, $2.9 million in HOME Investment Partnership Program funds, $1.5 million in Housing Opportunity Funds and $2.1 million in Housing Trust Funds.
MassHousing Commits $7.9 Million in Financing for New, 51-Unit Mixed-Income Rental Housing Community in Revere
MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere Street in Revere. The MassHousing financing will allow The Neighborhood Developers to construct 51 units of new affordable housing for households across a broad range of incomes, including 19 new workforce housing units.
Montgomery Nomination Confirmed by Senate Committee
The Senate Committee on Banking, Housing, and Urban Affairs confirmed Brian Montgomery’s nomination to become Deputy Secretary of HUD earlier today. The committee approved Montgomery, who is HUD Assistant Secretary for Housing and FHA Commissioner and currently also serving as Acting Deputy Secretary, by a voice vote of 20–5.
MassHousing Closes on Financing for New, 14-Unit Workforce Housing Community on a Vacant Parcel in Dorchester
MassHousing has provided a total of $4.1 million in affordable housing financing to TLee Development LLC, for the construction of 14 new energy-efficient apartments on a vacant parcel at 191 Talbot Avenue, in Dorchester. All 14 of the new apartments will be deed-restricted workforce housing units affordable to moderate-income households.
Like It Forward: CHFA Donates $12,695 to La Puente
The donation was the result of Like It Forward, CHFA’s annual Corporate Giving social media campaign. Over the course of three weeks, CHFA invited the public to visit CHFA’s social media channels to like and share posts featuring information and stories about La Puente’s impact in Alamosa and the San Luis Valley. For each like and share the posts received, CHFA donated $5 to La Puente.
NCSHA Washington Report | December 6, 2019
Sixty years ago this week, the Pennsylvania state legislature enacted the Pennsylvania Housing Agency Law, the “first legislative response to the perceived need for state intervention...
Vermont Housing Finance Agency Completes Successful Sale of State Tax Credits
Vermont Housing Finance Agency (VHFA) worked with local financial institutions to fund affordable homes that will be sold to low- and moderate-income Vermonters. Passumpsic Bank, Mascoma Bank, Union Mutual Insurance, Community National Bank, and Union Bank invested in Vermont Affordable Housing Tax Credits available through VHFA.
FHA Announces Increased Single-Family Loan Limits for 2020
The Federal Housing Administration yesterday announced the county loan limits for its single-family mortgage insurance programs for 2020 and issued a Mortgagee Letter that increases the minimum loan limit for low-cost areas and the maximum loan limit for high-cost areas.
