Newsroom
New Financing to Create, Preserve 380 Affordable Apartments
The Washington State Housing Finance Commission has approved a total of $88 million in financing for the new construction or preservation of 380 affordable apartments across western Washington. “These projects will contribute construction jobs and commercial space to their communities while providing critically needed homes for seniors and those experiencing homelessness,” said Karen Miller.
NCSHA Washington Report | August 9, 2019
Fannie Mae’s recent decision to slash the lender and borrower advantages available through its Home Ready and HFA Preferred products for low- and moderate-income (LMI) buyers reflects the...
HUD Awards $25 Million to 25 Local HIV/AIDS Housing Programs
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced nearly $25 million to assist more than 2,054 low-income persons living with HIV/AIDS and their families over a...
HUD Seeking Nominations for 2020 HUD Secretary’s Opportunity and Empowerment Award
The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association, will begin accepting nominations later this month for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
NCSHA Washington Report | August 2, 2019
“Forthcoming removal of LIHTC restrictions upon completion of Qualified Contract execution. Attractive spread from current asking rents to market rate rents of approximately...
DCHFA Finances New Affordable Rental Community in Ward 7’s
The DCHFA closed out the month of July with the issuance of $19.5 million in bond financing and underwrote $12 million in low income housing tax credit equity for the construction of The Strand Residences, 86 affordable apartment homes in the Deanwood neighborhood of Washington, D.C. (Ward 7).
Hogan Administration Announces Awards for Affordable Rental Housing
The Hogan administration today announced the results of the Maryland Department of Housing and Community Development's most recent application round for federal Low Income Housing Tax Credits and state Rental Housing Funds.
NJHMFA Joins Ribbon-Cutting Ceremony for Rehabilitated Affordable Apartment Community in Bridgeton
A ribbon-cutting ceremony today marked the completion of Ivy Square Apartments, a major rehabilitation project which overhauled a 156-apartment community affordable to families. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman.
Housing Market Report Data Show Continued Demand for Housing in Most Areas of State
The most recent data in New Hampshire Housing Finance Authority’s new Housing Market Report reflect an ongoing demand and need for single-family and rental housing to keep pace with the state’s strong economy and low unemployment rate.
WHEDA Finishes Fiscal Year 2019 with Nearly a Half-Billion Dollars in Single Family Lending
In Fiscal Year 2019 (FY19), the Wisconsin Housing and Economic Development Authority (WHEDA) provided mortgage loan funding to 3,703 individuals and families totaling $480. 8 million. This is the third largest funding total in WHEDA history and the best since 2007, just before the housing crisis hit in 2008. “Our affordable housing mission continues to grow at a rapid pace,” said WHEDA Single Family Director David Rouse.
Michelle Miles Appointed to CHFA’s Board of Directors
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Gov. Jared Polis has appointed Michelle Miles, Trinidad mayor pro-tem, as a new member of CHFA’s board of directors. In addition, Gov. Polis has reappointed Max Tyler and Julie Brewen to CHFA’s board. Tyler is a former state representative and current chair of CHFA’s board. Brewen is the executive director of Housing Catalyst and current secretary/treasurer of CHFA’s board.
Affordability Extended at Reading Housing Community for Seniors and Disabled Residents Resulting From $10.2 Million in MassHousing Financing
Senior citizens and disabled residents living at the 74-unit Peter Sanborn Place in Reading will have their affordable rents extended for at least 24 years and will see property improvements as a result of $10.2 million in MassHousing affordable housing financing to the non-profit Affordable Housing and Services Collaborative (AHSC) and First Church in Malden Homes, Inc.
