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Maryland Department of Housing and Community Development Conducts Largest Bond Issuance in the Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced that the department conducted the largest mortgage revenue bond issuance in the history of the agency. The department's bond-issuing entity, the Community Development Administration, issued more than $347 million under the Residential Revenue Bond program. Proceeds of the bond sales through that program are primarily used to finance mortgage loans to first-time homebuyers through the state's Maryland Mortgage Program.
Financial Assistance Available for Homeowners Recovering from Natural Disasters
SDHDA today recited that Housing Opportunity Funds (HOF) remain available to aid in recovery efforts for households impacted by the 2019 natural disasters. Financial assistance available for the disaster support includes cleanup or removal of debris; mold remediation; restoration; purchases of major appliances lost due to disaster (i.e., hot-water heater, furnace, etc.); rent payments; utility security deposits for displaced households; and downpayment assistance for the purchase of a housing unit.
NCSHA Honors State Housing Finance Agencies for Affordable Housing Solutions
WASHINGTON, DC — On October 21, the National Council of State Housing Agencies (NCSHA) recognized 13 state Housing Finance Agencies (HFAs) for effective initiatives that address affordable housing...
New Democrat Coalition Endorses Housing Legislation
Washington, DC – Today, the New Democrat Coalition (NDC), led by Chair Derek Kilmer, NDC Vice Chair for Policy Suzan DelBene, and NDC Housing Task Force Co-Chairs Reps. Denny Heck, Katie Hill,...
NCSHA Washington Report | October 18, 2019
As America’s state housing finance agencies and hundreds of their partners head to Boston for NCSHA’s Annual Conference starting tomorrow, we take note of some of the honest-to-goodness good...
NJHMFA Celebrates Opening of 101 New Apartments in Avenel
A ribbon-cutting ceremony today marked the opening of the Greens at Avenel, a new community of 101 apartments affordable to families, including 25 for special needs residents, under a public/private partnership between Pennrose and Woodbridge Township financed in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA).
CDFA Survey Finds Housing Bond Issuance Continued to Increase in 2018
Private activity bond issuance increased slightly from 2017 to 2018, according to the Council of Development Finance Agencies’ Annual Volume Cap Report for 2018.
NCSHA Washington Report | October 11, 2019
Housing’s centrality to the economy and its interconnectedness with public policy means that the “law of unintended consequences” applies forcefully, with sometimes surprising...
New Financing to Create 820 Affordable Apartments Statewide, Plus Senior and Community Facilities
The Washington State Housing Finance Commission has approved financing that will build 820 new affordable apartments for people at low incomes and those experiencing homelessness throughout Washington state. The financing approved in August and September will also expand nonprofit senior living facilities and help finance the new Kent YMCA.
NJHMFA Joins Ribbon-Cutting Ceremony Marking Opening of Affordable Apartments in Plainsboro
New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff joined representatives of Community Investment Strategies, Inc., and local officials for a ribbon-cutting ceremony celebrating the opening of The Place at Plainsboro, which includes 70 apartments affordable to families. The development, at 100 Rue Place, consists of nine two-story buildings providing one-, two- and three-bedroom apartments for residents earning between 50% and 60% of the area median income.
Shaheen Bills Seek to Beef Up Rural Affordable Housing Programs
U.S. Sen. Jeanne Shaheen, D-NH, has introduced legislation to expand the U.S. Department of Agriculture Rural Development rental assistance programs and further expand and align other rural...
HUD Offers $112 Million to Expand Affordable Housing Opportunities for Low-Income Persons with Disabilities
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very...
