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Maryland Department of Housing and Community Development Announces Fiscal Year 2020 Application Round for State Revitalization Programs
The Maryland Department of Housing and Community Development is announcing the FY20 application round for six State Revitalization Programs - Project C.O.R.E, Community Legacy, Strategic Demolition Fund - Statewide (all non-Baltimore City), National Capital Strategic Economic Development Fund, Baltimore Regional Neighborhood Initiative and SEED: Community Development Anchor Institution Program.
WHEDA Issues $165 Million in Single Family Bonding
The Wisconsin Housing and Economic Development Authority (WHEDA) has issued $165 million of Home Ownership Revenue Bonds that will be used to fund WHEDA first-time home buyer mortgages. Proceeds are expected to be spent before June 30, 2019, during the heart of the annual spring home buying season. Millennials seeking to buy homes stand to benefit greatly from the Home Ownership Revenue Bonds.
WHEDA Wins Community First Award from Federal Home Loan Bank of Chicago
The Wisconsin Housing and Economic Development Authority (WHEDA has received a 2019 Community First Award from the Federal Home Loan Bank of Chicago (FHLBank Chicago) for its financing of the Five Phases of King Drive Commons in Milwaukee. The annual awards recognize FHLBank Chicago member institutions (i.e. WHEDA) and local partners for their work in building and strengthening communities.
DCHFA’s Risk Share Program Finances the Preservation and Construction of Affordable Apartments in Petworth
“As the Petworth neighborhood continues to experience renewed interests from residents that desire to live there as well as new businesses, providing financing for the rehabilitation and construction of new units at Petworth Station helps to ensure that residents at a range of income levels remain in the neighborhood while living in modern yet affordable rental housing,” stated Todd A. Lee, Executive Director and CEO, DCHFA.
NCSHA Washington Report | April 5, 2019
Into my e-mail inbox the two reports arrived at almost exactly the same time, as if on cue. The first, from Stateline, headlined “Rural America Faces a Housing Cost Crunch,” finds...
HUD Issues Proposed Rule To Make Section 3 More Efficient and Effective
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to improve the effectiveness and efficiency of Section 3 of the Housing and Urban Development...
Thomas Bryan Selected as CHFA’s Chief Financial Officer
CHFA is pleased to announce Thomas Bryan has been selected to serve as CHFA’s Chief Financial Officer effective May 6, 2019. Bryan has served as CHFA’s controller/director of accounting since 2014. “I am extremely honored to serve as CHFA’s next CFO. Nothing brings me more satisfaction than helping CHFA achieve its mission and vision, and I look forward to continuing CHFA’s work on addressing the issues of housing affordability and economic development across Colorado."
NCSHA Statement on IRS Clarification That Housing for Special Populations Does Not Violate Multifamily Bond Public Use Rules
WASHINGTON, DC — The National Council of State Housing Agencies (NCSHA) applauds the Internal Revenue Service and U.S. Department of the Treasury for issuing guidance this week stating affordable...
NCSHA Documents Steady Increase in Affordable Housing Investment Among Opportunity Zone Funds
Nearly 60 percent of currently established Opportunity Funds plan to invest in affordable and workforce housing or community revitalization, according to NCSHA’s latest Opportunity Zone Fund Directory. This focus is up from approximately 40 percent late last year.
Senate Confirms Calabria as FHFA Director
The U.S. Senate earlier today voted to approve Mark Calabria’s nomination to serve as director of the Federal Housing Finance Agency (FHFA)
WHEDA Awards $32 Million statewide in Federal and State Housing Tax Credits
Wisconsin Governor Tony Evers today announced the award of $24,760,812 in Federal Housing Tax Credits and $7,369,167 in State Housing Tax Credits to fund housing developments across Wisconsin. The tax credits, which are distributed by the Wisconsin Housing and Economic Development Authority (WHEDA), will move forward 35 developments that will create 2,308 units of rental housing.
NCSHA Statement on IRS Clarification That Housing for Special Populations Does Not Violate Multifamily Bond Public Use Rules
The National Council of State Housing Agencies applauds the Internal Revenue Service and U.S. Department of the Treasury for issuing guidance today stating affordable rental housing that provides...
