Newsroom
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...
NCSHA Opportunity Zone Fund Directory Surpasses 100 Funds, Nearly $24 Billion in Investment
More than 100 funds have been launched to invest in designated Opportunity Zones, according to NCSHA’s latest Opportunity Zone Fund Directory. The 105 funds in the current directory represent nearly $24 billion in anticipated investment. Funds range in size from $1 million to $3 billion, with an average fund size of approximately $225 million.
Kentucky Housing Corporation Honors Top Lenders
Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2018 top lending partners at the 14th Annual Lender Luncheon in La Grange on March 7, 2019. Kentuckians who received a KHC home loan in 2018 worked with one of more than 110 partnering lender banks and mortgage companies in communities across the state. KHC offers loans for first-time and repeat home buyers with down payment assistance, and refinancing options for current homeowners. Since 1972, nearly 98,000 Kentuckians have become homeowners by obtaining a KHC loan.
Maryland Department of Housing and Community Development Announces Investment in North East Biotech Company
The Maryland Department of Housing and Community Development today announced a $500,000 Neighborhood BusinessWorks loan to Clene Nanomedicine, a Cecil County biopharmaceutical company developing technology solutions for drug development. "Clene Nanomedicine is exactly the kind of innovative, forward-thinking business we are trying to attract to Maryland's Opportunity Zones," said Secretary Kenneth C. Holt. "This loan will help spur outside investment in Cecil County, and ensure an environment of economic opportunity that will transform and revitalize our most challenged communities."
DCHFA Names Monte J. Stanford, Chief Operating Officer
DCHFA has appointed Monte J. Stanford as the Chief Operating Officer (COO). As COO, Stanford will oversee daily business operations, to include the Single Family Programs and Multifamily Lending and Neighborhood Investments divisions, the Housing Investment Platform, IT and Business Intelligence. “Monte has an extensive background in housing, finance and IT that will allow him to have an immediate impact on the Agency’s programs, technology and day-to-day business operations, stated Todd A. Lee, DCHFA’s Executive Director and CEO.
