Newsroom
$29 Billion in Anticipated Opportunity Zone Investment Identified by NCSHA
NCSHA released an updated edition of its Opportunity Zone Fund Directory today, with details on 143 Qualified Opportunity Funds established to invest in high-poverty neighborhoods designated as Opportunity Zones. The directory includes 13 new funds and details on each fund’s size, investment focus, and geographic focus.
House Appropriators Advance Transportation-HUD Bill
The House Appropriations Committee advanced a $137.1 billion fiscal 2020 Transportation-HUD spending bill by a 29-21 vote, proposing to increase funding for housing and transportation systems,...
NCSHA Statement on the Affordable Housing Credit Improvement Act of 2019
Urge your members of Congress to co-sponsor the Affordable Housing Credit Improvement Act, S. 1703/H.R. 3077. The National Council of State Housing Agencies commends Senators Maria Cantwell (D-WA),...
Congress Gives Final Approval to Long-Delayed Disaster Aid
WASHINGTON — Congress gave final approval on Monday to a long-delayed disaster aid package, ending the congressional impasse that has stymied efforts to send billions of dollars in relief to...
Fannie and Freddie Changes Could Lower Housing Costs for Millions of Americans
Starting Monday, the U.S. government is making what’s widely described as the biggest change in a generation to the inner workings of the roughly $4.4 trillion market in mortgage-backed securities...
Governor Wolf Announces New Markets Tax Credits for Low-Income, Rural Communities
Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has been awarded $55 million in New Markets Tax Credit (NMTC) allocations. “New Markets Tax Credits have a proven track record of attracting private sector investment to areas that need jobs and an economic spark,” said Governor Wolf.
DCHFA Kicks-off Homeownership Month with the Lender’s Fair and Homebuyer Incentives
June is National Homeownership Month and DCHFA is launching into the celebration on June 1st ‘by hosting the Lender ’s Fair. Potential homebuyers will have the opportunity to meet one-on-one with lenders and housing counselors to learn how to purchase a home in the District using DC Open Doors, HPAP and/or the Mortgage Credit Certificate Programs. The event takes place 10:00 a.m. to 2:00 p.m. at DCHFA (815 Florida Avenue NW).
New Financing to Create, Preserve 773 Affordable Homes
The Washington State Housing Finance Commission has approved a total of $190 million in financing for the new construction or preservation of almost 800 affordable apartments across western Washington. “We’re proud to be part of bridging the affordable housing gap, one apartment at a time, in rural, urban and suburban communities alike,” said Karen Miller, chair of the Housing Finance Commission.
$55 Million in New Markets Tax Credits Awarded to Support Community Development
The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $55 million in New Markets Tax Credits (NMTC). The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in NMTC to 73 entities throughout the U.S., with the CGR Fund being the only awardee in Colorado.
New Affordable Apartments, Retail Complex Opens In Newark
A grand opening ceremony was held today for Boulevard West, a new mixed-use building providing 89 apartments affordable to working families along with retail space on a section of the vacant, former New Horizons public housing site. The event was attended by New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff, local officials, and representatives of The Michaels Organization.
HUD Releases Housing Counseling NOFA for FY 2019
The U.S. Department of Housing and Urban Development (HUD) on May 24 issued a Notice of Funding Availability (NOFA) for its Housing Counseling Grant program for fiscal year (FY) 2019. All HUD-approved counseling entities, including state HFAs, are eligible to apply.
CHFA Announces 2019 Round One Low Income Housing Tax Credit Awards
Colorado Housing and Finance Authority (CHFA) is pleased to announce that it will award state Affordable Housing Tax Credits and 4 percent federal Low Income Housing Tax Credits to support the construction or preservation of 1,344 affordable apartments across 12 project sites located in the Denver metro area, northern and southern Front Range, and Western Slope.
