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Lumien II Breaks Ground in Durango
A groundbreaking ceremony was held on October 18 to celebrate the construction of Lumien II, a new 36-unit affordable rental housing development in Durango. The property will include nine Permanent Supportive Housing (PSH) units for formerly homeless households.
Vermont Housing Finance Agency Wins National Award for Using State Housing Tax Credits to Help Home Buyers
This week Vermont Housing Finance Agency (VHFA) received national recognition for pioneering the use of state housing tax credits to provide down payment assistance to low- and moderate-income Vermonters.
New ‘Opportunity Zone’ Tax-Break Rules Offer Flexibility to Developers
U.S. Treasury releases guidelines designed to spur projects in low-income areas By Richard Rubin WASHINGTON—The Trump administration, trying to accelerate tax-advantaged investment in...
Treasury Department Releases Initial Guidance on Opportunity Zones
The Treasury Department released proposed regulations today providing guidance on the Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.
NCSHA Comment to HUD Supports Data-Based Fair Housing Planning
This week, NCSHA submitted comments to HUD in response to the Department’s Advance Notice of Proposed Rulemaking (ANPR) on streamlining and enhancing its Affirmatively Furthering Fair Housing...
Senator Heller Introduces Renters Tax Credit for Seniors
On October 11, Senate Finance Committee member Dean Heller (R-NV) introduced the Seniors Affordable Housing Tax Credit Act, S. 3580, which would establish a tax credit for owners of multifamily rental property who agree to rent to extremely low-income seniors.
NCSHA Announces New Board of Directors
WASHINGTON, DC – The National Council of State Housing Agencies (NCSHA) held its 2018 Board election on October 14 in Austin during the association’s 48th Annual Conference & Showplace. ...
NJHMFA Celebrates Groundbreaking of Affordable Apartments for Families, Special Needs Residents
A 72-unit affordable apartment rental complex, which will include 18 units for residents with special needs, broke ground Wednesday at a ceremony attended by NJHMFA executive staff, local officials, and representatives of developer Project Freedom.
NJHMFA Marks Grand Opening of Affordable Rental Community for Family, Seniors in Monmouth County Financed With Sandy Recovery Funding
State and local officials, and representatives of RPM Development Group celebrated the grand opening Wednesday of a 145-unit affordable rental development with both family and senior apartments on a long-vacant former industrial site.
CHFA Hires Southern Colorado Community Relationship Manager
CHFA has selected Caroline Trani to serve as its Southern Colorado Community Relationship Manager. Trani actively engages with key housing and economic development stakeholders, community members, customers, and local government in Southern Colorado to assess local needs and market CHFA programs.
Washington Report | October 12, 2018
Amidst all the discouraging data and troubling trends regarding the housing affordability crisis, there are, in fact, reasons to feel some measure of optimism. Nobody should be naïve about the...
Governor Wolf Announces Projects to Receive $2.8 Million for Community Revitalization
Governor Tom Wolf today announced the seven projects to be awarded $2.8 million for the construction or rehabilitation of mixed-used developments. The funding was raised through the sale of tax credits under the Mixed-Use Development Tax Credit Program, the proceeds of which are being used to fund the work of the Community Revitalization Fund Program.
