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IRS Publishes New MRB and MCC Purchase Price Limits and Safe Harbors
The Internal Revenue Service yesterday published Revenue Procedure 2019-14, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond and Mortgage Credit Certificate programs.
RIHousing Recognizes Top-Performing Partners
RIHousing honored its top-producing lender and realtor partners at its annual Spring Homebuying Breakfast hosted for 350 industry members. Working with 41 lender partners and hundreds of realtors throughout Rhode Island, the corporation helped over 2,100 Rhode Islanders purchase a home in 2018. Awards were presented to HarborOne Mortgage as the agency’s Participating Lender of the Year. In 2018, HarborOne Mortgage funded more than $55 million in mortgage loans for 291 homes through RIHousing’s homeownership programs.
HUD Issues Second Invitation for Public Housing Agencies to Join Moving to Work Demonstration Program
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) is inviting a second round of public housing agencies to join the Department's expanding Moving to Work (MTW) demonstration...
WHEDA allocates $554,974 in federal housing tax credits to St. Anthony Apartments in Milwaukee
The Wisconsin Housing and Economic Development Authority (WHEDA) has allocated $554,974 in affordable federal housing tax credits to help finance the St. Anthony Apartments near downtown Milwaukee. A grand opening ceremony was held today at the new development. The adaptive re-use development has transformed a vacant five-story building that historically was St. Anthony’s Hospital, and more recently the Milwaukee County Correctional Center, into 60, one-bedroom and efficiency units of high-quality housing with onsite supportive services.
NCSHA’s Opportunity Zone Fund Directory Surpasses 100 Funds, Nearly $24 Billion in Investment
WASHINGTON, DC — More than 100 funds have been launched to invest an anticipated $24 billion in designated Opportunity Zones, according to the National Council of State Housing Agencies (NCSHA)....
DCHFA Launches Reverse Mortgage Insurance & Tax Payment Program to Aid District Homeowners
As more Washington, D.C. residents fall behind on taxes and insurance costs associated with their reverse mortgage loans, the District of Columbia Housing Finance Agency (DCHFA) launches the $500,000 Reverse Mortgage Insurance & Tax Payment Program (ReMIT). The program will provide financial assistance to qualified District homeowners for delinquent property taxes, homeowner’s insurance, and qualifying property related expenses that put the homeowner at risk of foreclosure.
Ben Carson Says HUD Will Give Preference to Developers Who Build Affordable Housing in Opportunity Zones
Housing and Urban Development Secretary Ben Carson said the agency will give preference to developers and investors who build affordable housing in federal Opportunity Zones when it comes to certain...
PHFA Launches Three Informational Podcast Series for Consumers
The Pennsylvania Housing Finance Agency today announced it has launched three new informational podcasts intended to help consumers. One, called “Close to Home,” will offer practical, easy-to-understand advice for people in the market to purchase a home. The second, “Master Your Money,” will provide insights people can use to better manage their personal finances. The third series, called “PHFA Update,” will cover a variety of housing topics to benefit homebuyers, homeowners and renters.
Two Affordable Housing Communities in Orange Will Undergo Extensive Renovations with $11.6 Million in MassHousing Financing
MassHousing has provided a total of $11.6 million in affordable housing financing to the non-profit Retirement Housing Foundation (RHF), for the renovation and preservation of two adjacent affordable housing communities in Orange. As part of the transaction, RHF will combine the 120-unit King James Court property, which serves elderly and disabled residents, and the 114-unit Pine Crest apartments, which serves low-income families, into a single new entity called King Pine.
Trump Administration’s FY 2020 Budget Proposes Significant Cuts to Key Federal Housing Programs
On March 11, the White House released the first part of its Fiscal Year 2020 Budget entitled, “A Budget for a Better America; Promises Kept. Taxpayers First,” outlining the Trump Administration’s priorities and funding recommendations for the next fiscal year.
CHFA Hires San Luis Valley and Southwest Colorado Community Relationship Manager
Colorado Housing and Finance Authority (CHFA) has selected Jeff Owsley to serve as its San Luis Valley and Southwest Colorado Community Relationship Manager. In this role, Owsley engages with housing and economic development stakeholders, community members, customers, and local government in the region through outreach, capacity building, and by identifying opportunities to increase access to CHFA’s resources. His service area includes the counties of Alamosa, Archuleta, Conejos, Costilla, Dolores, Hinsdale, La Plata, Mineral, Montezuma, Rio Grande, Saguache, and San Juan.
NCSHA Washington Report | March 8, 2019
Leaders in the nation’s state housing finance agency community from across the country will be in Washington, DC, next week for NCSHA’s 2019 Legislative Conference. State HFA executive...
