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Trump Administration to Take on Local Housing Barriers
The Trump administration will explore using federal programs to push local governments to soften or eliminate rules that block housing construction, an issue that has stymied officials at all levels...
MassHousing Closes on $33.1 Million in Financing for the Extension of Affordability and Property Rehabilitation at the 131-Unit Haynes House in Roxbury
MassHousing has closed on a total of $32.8 million in affordable housing financing to the Madison Park Development Corporation (MPDC), for the preservation of affordability and property rehabilitation at the 131-unit Haynes House in Roxbury. The MassHousing refinancing will extend affordability for households with a range of incomes in perpetuity, following the expiration of previous affordability restrictions with the maturation of the property’s former Section 13A mortgage in 2017.
New Report Shows US Housing Supply Falls Far Short of what is Needed
CAMBRIDGE, MA – With the nation’s economy on sound footing and incomes on the rise, the number of people forming households in the United States has finally returned to a more normal pace....
NCSHA Washington Report | June 21, 2019
The considerable potential of Opportunity Zones (OZs) to generate new investment in affordable housing and communities that need it is coming quickly into focus. NCSHA’s...
Investors Are Buying More of the U.S. Housing Market Than Ever Before
Investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes or turning them into single-family rentals.
Ribbon Cutting Marks Opening of Affordable Apartments for Families in North Brunswick
A ribbon-cutting ceremony on Tuesday celebrated the opening of North Brunswick Crescent Apartments which provide 184 apartments affordable to working families and were financed in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The $31.8 million project involved the rehabilitation of the former Oak Leaf Village Apartments, a market-rate community of 16 two-story buildings originally built in the early 1970s off Route 27 and How Lane.
Home Buyers Get Government Help With Down Payments
Maiya Jones didn’t have money saved up for a down payment when she started looking for a house in the St. Louis area last summer. Her real-estate agent told her about a program that would cover...
New Apartments Affordable to Working Families Open in Asbury Park
The Renaissance at Asbury Park, a new development of 64 apartments affordable to working families and retail space in the Springwood Avenue neighborhood, celebrated its grand opening today as a key part of the area’s continued redevelopment. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, local officials and representatives of The Michaels Organization.
House Financial Services Committee Advances Flood Insurance Reauthorization and Other Housing-Related Bills
On May 12, the House Financial Services Committee advanced a series of housing-related measures – including bills to reauthorize and reform the National Flood Insurance Program, make FHA single-family loans more affordable and sustainable, and block HUD from implementing proposed rules that would bar families with mixed immigration status from housing assistance and alter HUD’s Equal Access Rule.
CalHFA Comments on S&P Ratings Upgrade
The California Housing Finance Agency (CalHFA) is pleased to announce that Standard & Poor’s Global Ratings has raised CalHFA's Issuer Credit Rating from 'A+' to 'AA-' with a Stable Outlook. This returns CalHFA’s Issuer Credit Rating to the same level as prior to the collapse of the housing market during the Great Recession and is the third ratings upgrade during the tenure of Tia Boatman Patterson, CalHFA’s Executive Director.
RIHousing Seeks Proposals to Revitalize South Providence’s Barbara Jordan II Apartments
Today, RIHousing announces the release of a Request for Proposals (RFP) for the redevelopment of the Barbara Jordan II apartments. Barbara Jordan II is a housing development in Upper South Providence which includes 26 two- and three-story apartment buildings situated on scattered sites totaling 2.75 acres. The 26 buildings contain a total of 74 apartments, all of which are currently vacant.
New Age-Restricted Affordable Apartments Open in Seaside Heights
Cornerstone at Seaside Heights, a community of new apartments affordable to residents age 55 and older, celebrated its grand opening Wednesday joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials and The Walters Group. The complex was built in part with Superstorm Sandy recovery funding and other financing from NJHMFA.
