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RIHousing Funding Approvals Revitalize Blighted and Vacant Properties
RIHousing’s Board of Commissioners approved funding awards totaling approximately $4.7 million to revitalize neighborhoods in Pawtucket and Providence. The awards will fund 92 homes and five new public facilities with 110,222 square feet of new commercial space. The funding is allocated via the state Acquisition and Revitalization Program (“ARP”).
Peabody Housing Community in Danger of Converting to Market Rates Will Remain Affordable for Lower-Income Residents for at Least 45 Years as a Result of $49.3 Million in MassHousing Financing
MassHousing has closed on $49.3 million in affordable housing financing to WinnCompanies to preserve affordability for lower-income households at The Tannery in Peabody. WinnCompanies purchased the 284-unit affordable housing community under Chapter 40T, preventing the conversion of affordable apartments to market rates and protecting the tenancies of dozens of low-income residents.
PHFA Accepting Bids for the Purchase of Additional Mixed-Use Development Tax Credits
The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of an additional $1 million in mixed-use development tax credits. An earlier round of tax credit bidding closed on June 14. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities.
NCSHA Washington Report | July 12, 2019
When architect Dan Parolek coined the term “missing middle housing” in 2010, he was referring to types of buildings whose form falls between that of the typical detached...
PHFA Announces Funding to Help Rehabilitate Erie’s Boston Store Place
The Board of Directors of the Pennsylvania Housing Finance Agency today approved $1 million in funding for rehabilitation of Boston Store Place at 716-18 State Street in Erie. The property is located in the heart of downtown Erie with convenient access to employers, transportation and health care. The building, which includes both retail and housing space, has been in decline in recent years.
PHFA Announces Funding to Redevelop Mixed-Use Building in Homewood
The Board of Directors of the Pennsylvania Housing Finance Agency today approved $600,000 in funding to redevelop a building at 627 N. Homewood Avenue in Homewood. The property is located in a crucial commercial corridor in the heart of the Homewood neighborhood in Pittsburgh. The three-story, 6,460 square foot structure, which currently is vacant, is known as the James T. Givner Building, named after a longtime community champion.
RIHousing Creates More than 600 Homes, Supports Nearly 700 Jobs
RIHousing’s Board of Commissioners approved investments at its June Board meeting that will attract private investments of more than $34 million, create 610 homes, significantly improve the neighborhoods where they are located, and support almost 700 jobs. Funding awards were approved for developments located in East Greenwich, North Providence, Pawtucket, Providence, Scituate and Woonsocket.
MassHousing Closes on $22.8 Million to Create 23 New, Affordable Apartments, and to Renovate and Preserve the Affordability of 65 Existing Units, in Cambridge
MassHousing has closed on $22.8 million in affordable housing financing to the non-profit Just-A-Start Corporation (JAS) for the new construction of 23 apartments and the renovation and preservation of affordability of 65 existing apartments in Cambridge. JAS is combining the 45-unit Linwood Court and 20-unit Squirrel Brand affordable housing communities and will construct 23 new affordable units on a portion of its Linwood Court property.
NJHMFA Marks Opening of Affordable, Supportive Apartments for Veterans in Hoboken
American Legion Veterans Affordable Housing, which will provide affordable supportive homes for six homeless veterans and was funded in part by the New Jersey Housing and Mortgage Finance Agency (NJHMFA), celebrated its opening with a ribbon cutting Monday joined by NJHFMA Executive Staff, U.S. Senator Robert Menendez, local officials and the developer, American Legion Hoboken Post No. 107.
A New Approach on Housing Affordability
A growing number of Americans are struggling to cope with the high and rising cost of rental housing in the United States. On any given night last year, more than half a million Americans were...
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...
