Newsroom
Washington Report | December 7, 2018
At this week’s NCSHA Board of Directors Meeting and Executive Directors Forum in Washington, DC, political strategist Bruce Mehlman described our “age of disruption” in politics (the U.S....
DCHFA Closes the Month by Funding Two Developments on the Final Day of November
The District of Columbia Housing Finance Agency (DCHFA) closed out the month of November with the funding of $23.6 million in financing to create and preserve 138 units of affordable housing in the District. On November 30, the Agency issued $5.5 million in bond financing and underwrote $4 million in four percent low income housing tax credits (LIHTC) for Milestone Senior Housing (Ward 7).
RIHousing Bolsters Housing through Community Development Program
RIHousing’s Board of Commissioners last month approved $200,000 in funding for programs to support homeownership, financial counseling and green infrastructure activities. Funded via the agency’s Community Development Program (CDP), awards were made to six programs in Woonsocket, Providence and Pawtucket/Central Falls.
MassHousing closes on $23.6 Million in Tax-Exempt Financing for Newly Built 108-Unit Mixed-Income Apartment Community in Chelmsford
MassHousing has closed on $23.6 million in affordable housing financing to Princeton Properties and Parse Capital. The MassHousing permanent financing supports affordability at the Mill and 3 Apartments, a 108-unit, mixed-income apartment community in Chelmsford.
MassHousing Honors WinnCompanies and NEI General Contracting for Their Use of Minority and Women-Owned Businesses Across Massachusetts
MassHousing has recognized the efforts of WinnCompanies and NEI General Contracting for their utilization of Minority and Women-Owned Business Enterprises (M/WBEs) in fiscal year 2018, which created economic opportunities for hundreds of working families across Massachusetts. “Diverse contracting helps create economic opportunity and advance prosperity, while providing a tremendous economic benefit to the employees and families of these businesses,” said MassHousing Executive Director Chrystal Kornegay.
NCSHA Opportunity Zone Fund Directory Expands to 54 Funds, $15 Billion in Investment
NCSHA released a significantly expanded edition of its Opportunity Zone Fund Directory today, including details on 54 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment in designated high-poverty neighborhoods.
Washington Report | November 30, 2018
The first housing advocates were probably 19th century public health professionals in Europe and America alarmed by shoddy construction and appalling living conditions in both countries’...
Housing Market Report Data Show Continued Demand for Housing in Most Areas of State
Data in New Hampshire Housing Finance Authority’s November Housing Market Report reflect a continued need for affordable rental units as well as homes for sale, in order to keep pace with the state’s strong economy and low unemployment rate. The Housing Market Report shows the links between our state’s housing supply and its continued economic prosperity, and the underlying reasons to encourage the development of sufficient housing to meet the needs of our growing workforce.
New England Federal Credit Union gives $500,000 to Vermont Housing Finance Agency for affordable homes in Northwest Vermont
New England Federal Credit Union (NEFCU) President/CEO John J. Dwyer, Jr. announced today a $500,000 grant from NEFCU to Vermont Housing Finance Agency (VHFA) to address the area’s shortage of housing affordable to Vermonters with low and moderate incomes. The money will support construction and renovation costs for perpetually affordable homes in Bristol, Jericho and several other towns.
House End of Year Tax Bill Includes Housing Credit Veterans Fix
House Republicans released tax legislation addressing retirement savings, extenders of expiring tax provisions, disaster relief, and technical tax corrections. The bill is the first step in what are likely to be negotiations over an end-of-the-year tax package. The bill includes a provision NCSHA has sought to clarify that preferences and/or restrictions for veterans in Housing Credit properties, including bond-financed properties, are not a violation of the Credit or Bond programs’ general public use rules.
SDHDA Awards $13.2 Million for Affordable Housing in South Dakota
South Dakotans’ will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners approved the award of more than $13.2 million in funding for housing activities.
MassHousing Closes on $45.7 Million in Financing for the Acquisition and Rehabilitation of 201-Unit Affordable Housing Portfolio in Roxbury and Dorchester
MassHousing has closed on $45.7 million in financing to the Jamaica Plain Neighborhood Development Corporation (JPNDC) for the acquisition, preservation and renovation of a 201-unit scattered site affordable housing portfolio in Roxbury and Dorchester. JPNDC utilized MassHousing financing to purchase the portfolio of six affordable housing communities, located on 21 scattered sites in Boston, from the estate of Lorenzo Pitts.
