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HUD Makes Record $2.3 Billion Available to Support Thousands of Local Homeless Programs
WASHINGTON - In a continuing effort to prevent and end homelessness, the U.S. Department of Housing and Urban Development (HUD) today is making a record $2.3 billion available to support thousands of...
HUD Offers $150 Million to Provide Affordable Housing to People With Disabilities
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) is offering $150 million in grants to provide affordable housing to approximately 18,000 non-elderly persons living with...
CalHFA Helps Record 11,000th Homebuyer in One Year
Coming up with a down payment has become one of the biggest barriers to homeownership in California and across the nation, and the California Housing Finance Agency (CalHFA) is helping thousands of Californians overcome that barrier. The Agency helped more than 11,000 low- and moderate-income residents buy their first homes in Fiscal Year 2018-19, the most ever in its 44-year history.
NCSHA Washington Report | June 28, 2019
“Escalation of land prices adds an ever-bigger increment in the price of housing, and further explains the squeeze on low-income families seeking decent housing. Zoning was intended to...
NJHMFA Drops Mortgage Rates to 4.49% for First-Time Homebuyers
With a busy home buying season underway, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) has cut the interest rate on its First-Time Homebuyer Mortgage, making it more competitive. NJHMFA mortgages paired with the Agency’s down payment assistance program have already opened the door of homeownership to more than 2,000 New Jersey residents since 2017.
Construction is Underway for the Renovation of the 285-Unit Millers River Apartments Affordable Housing Community in Cambridge with the Closing of $82 Million in MassHousing Financing
MassHousing has provided $82 million in financing to the Cambridge Housing Authority (CHA) for the extensive renovation of the Millers River Apartments, a 285-unit affordable housing community serving lower-income households in Cambridge. The transaction will also enable the CHA to extend affordability for the life of the property. MassHousing is supporting the rehabilitation of Millers River with $82 million in financing through the Agency’s Conduit Loan Program.
President Trump Signs Executive Order Establishing Council Focusing on Regulatory Barriers to Affordable Housing
On June 25, President Trump signed an Executive Order to establish the White House Council on Eliminating Barriers to Affordable Housing Development, headed by Secretary of Housing and Urban Development Ben Carson with members including the Secretaries or their designees from the departments of Treasury, Agriculture, Transportation, Energy, Labor, and Interior, and the Environmental Protection Agency.
Bipartisan Congressional Leaders Introduce Bill to Address Loss of Housing Credit Properties to Qualified Contracts
Today, Senators Ron Wyden (D-OR) and Todd Young (R-IN) and Representatives Joe Neguse (D-CO), Don Beyer (D-VA), and Jackie Walorski (R-IN) introduced the Save Affordable Housing Act of 2019, which would significantly reduce, and ultimately eliminate, the loss of Low Income Housing Tax Credit (Housing Credit) properties before the end of their affordability periods due to qualified contracts. Senators Benjamin Cardin (D-MD) and Sherrod Brown (D-OH) joined Senators Wyden and Young as original cosponsors of the Senate bill. NCSHA strongly supports this legislation.
JCHS Report Sheds Light on Lack of Affordable Housing Production
Harvard University’s Joint Center for Housing Studies on Tuesday released its annual report, “The State of the Nation’s Housing 2019.” The report examines the state of the housing market in 2018, finding that, while it improved in many respects over the previous year, including household growth and formations, the continued — and worsening — production shortfall has led to an increasing number of low- and moderate-income families who lack access to affordable housing options.
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....
