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NJHMFA Celebrates Ribbon-Cutting for Supportive Housing Development in Bergen County
A new affordable 40-unit supportive housing complex celebrated its opening today joined by New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, local officials, and representatives of The Alpert Group and the Housing Development Corporation of Bergen County, the project’s co-developers.
Seth Leonard Joings VHFA as Managing Director of Community Development
Executive Director Maura Collins announced that Vermont Housing Finance Agency (VHFA) has hired Seth Leonard of Winooski for the newly created position of Managing Director of Community Development. Leonard comes to VHFA from the USDA Office of Rural Development, where he served as Housing Program Director for Vermont and New Hampshire. Prior to that, Leonard worked at VHFA for four years as Homeownership Outreach Coordinator.
Counseling Grants Improve Housing Situations
North Dakota Housing Finance Agency (NDHFA) has been awarded a $102,345 U.S. Department of Housing and Urban Development (HUD) housing counseling grant for fiscal year 2018. “Housing counseling grants support programs that educate first-time home buyers, help individuals and families secure affordable rental housing, and offer financial literacy training,” said Jolene Kline, NDHFA executive director.
Michael Bright to Step Down as Head of Ginnie Mae
HUD last night announced that Ginnie Mae Executive Vice President and Chief Operations Officer Michael Bright will be stepping down on January 16. Bright has also requested that President Trump withdraw his nomination to serve as President of Ginnie Mae.
Ginnie Mae’s Michael Bright Steps Down
The U.S. Department of Housing and Urban Development (HUD) and the Government National Mortgage Association (Ginnie Mae) announced that Michael Bright, EVP and COO at Ginnie Mae will be stepping down...
MassHousing to Provide $2.1 Million in Workforce Housing Financing for New Rental Housing Community for Working Residents in Dorchester
MassHousing is providing $2.1 million in affordable housing financing from the Agency’s Workforce Housing Initiative to support the development of 233 Hancock, a 36-unit housing community, Arx Urban. The MassHousing financing will help transform a pair of Dorchester automobile repair shops into 36 units of new mixed-income homes, including 21 units of new workforce housing.
Construction is Underway for Phase II of the Orient Heights Public Housing Redevelopment in East Boston as MassHousing Closes $26 Million in Financing
Construction is underway for the second phase of the redevelopment of the Orient Heights public housing community in East Boston. MassHousing is supporting the Orient Heights project by providing $26 million in financing to Trinity Financial, Inc. and the East Boston Community Development Corporation, the team redeveloping the site with the Boston Housing Authority. Phase II of the Orient Heights redevelopment will demolish 87 aging state-aided family public housing units, and construct 88 replacement apartments.
Housing Agency Wraps Up Record Breaking Year
North Dakota Housing Finance Agency (NDHFA) is wrapping up a record-breaking year. The state agency, known primarily for the affordable financing it offers through its FirstHome™ program, set a production record in 2018 by purchasing 1,798 loans with a total value of more than $300 million.
Florida Housing Provides $5 Million in Housing Disaster Funds for Floridians Impacted by Hurricane Michael
The Florida Housing Finance Corporation (Florida Housing) is releasing $5 million in disaster funds to counties in the Panhandle that were ravaged by Hurricane Michael. After completing the evaluation process regarding the State Housing Initiative Partnership (SHIP) program disaster funds, Florida Housing is allocating the funding to nine impacted counties.
Washington Report | January 4, 2019
While the partial federal government shutdown casts a growing shadow of uncertainty over the first days of the 116th Congress, we begin the new year focused on advancing the federal policy...
Financial Services Committee Explores Housing Finance Reform Plan
On December 21, the House Financial Services Committee held its last hearing of the 115th Congress to discuss draft legislation designed to reform the housing finance system.
NCSHA Submits Comments to IRS on Proposed Opportunity Zone Regulations
On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.
