RIHousing is seeking applicants for the agency’s Michael S. Van Leesten Memorial Awards program, an awards program that provides financial assistance to students pursuing a career in the construction trades or a degree related to the housing field through two scholarship opportunities and one summer fellowship. The awards program honors the life and work of Michael S. Van Leesten, a longtime advocate dedicated to improving the lives of Rhode Islanders through his business leadership, civil rights activism, and public service.
The California Housing Finance Agency’s continued dedication to financial strength has once again been recognized by Moody’s Investor Service. One of the country’s Big Three credit ratings agencies, Moody’s recently upgraded CalHFA’s Issuer rating from A1 to Aa3, with a revised outlook of stable. The upgrades were also made on CalHFA’s outstanding Multifamily Housing Revenue Bonds III. “We have been on a mission over the past several years to put CalHFA in position to create and preserve more and more affordable housing, and our improved financial strength allows us to do just that,” said Don Cavier, CalHFA's Acting Executive Director.
Colorado Housing and Finance Authority (CHFA) is pleased to announce that Amber Hills, president of FirstBank’s Southwest Market, has been named chair of CHFA’s board of directors. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development. As an industry veteran with over 22 years of experience, Hills oversees FirstBank’s Southwest Market, which includes eight branch locations, more than 160 employees, and $2.2 billion in deposits.
On March 24, the Internal Revenue Service (IRS) convened a public hearing on the Low Income Housing Tax Credit Average Income Test (AIT) proposed regulations published in October of last year. James Tassos, deputy director of tax policy and strategic initiatives, testified on behalf of NCSHA, one of 15 organizations represented at the hearing. Housing Credit allocating agency officials from California, Colorado, Minnesota, Texas, Virginia, and Washington joined NCSHA and numerous industry partners to express significant concerns with the proposed rule.
State Hosting Virtual Information Sessions on Louisiana’s Covid-19 Emergency Rental Assistance Program
The Louisiana Housing Corporation and Louisiana’s Office of Community Development will co-host a series of virtual information sessions to provide landlords and renters with information about the State of Louisiana’s U.S. Treasury Emergency Rental Assistance Program. The program expands upon an earlier program to provide emergency financial assistance to Louisiana renters and landlords experiencing financial hardship as a result of the COVID-19 pandemic and is in addition to emergency rental assistance that was available during the summer of 2020.
CHFA today announced the awarding of $14,676,217 in Federal 9% Low Income Housing Tax Credits (LIHTC). The tax credits are estimated to generate more than $135 million in equity from private investors for 10 proposed affordable multifamily housing developments in Connecticut. Federal tax credit allocations are based on population, and CHFA generally receives about $10 million in credits each year. “CHFA is focused on bringing more units on line as soon as possible, especially during COVID-19.
PHFA is proud to participate in National Financial Capability Month in April by providing a slate of free, live webinars about personal money management. The webinars will be led by the agency’s senior financial education officer, Holly Zugay, and others on PHFA’s financial education team. Zugay is a certified financial planner and has 20 years of experience teaching personal money management concepts. “One way that we can address inequities in our society is to provide information people can use to build personal wealth,” said PHFA Executive Director and CEO Robin Wiessmann.
Lenders and loan originators were recently recognized by New Hampshire Housing for helping 1,400 homebuyers find affordable homes and loans last year. The awards were given to the lending institutions and loan originators who assisted the most homebuyers through New Hampshire Housing programs in 2020. “Our top lenders and loan originators are vital to supporting affordable housing opportunities for all New Hampshire households,” noted Ignatius MacLellan, managing director of New Hampshire Housing Finance Authority’s Homeownership Division.
"Paint – South Dakota” is underway and South Dakota Housing Development Authority (SDHDA) is seeking volunteer painters and nominations for houses in need of painting. To get involved, an individual or group of people nominate someone in their community whose home is in need of a fresh coat of exterior paint and then pick a Saturday in June to pick up paint brushes and help residents in their communities. The nominated home must be a single family, owner-occupied residence whose owner is physically or financially unable to paint their home themselves.
MassHousing Closes on $1.8 Million in Affordable and Workforce Housing Financing for the Development of the Elias Brookings Apartments in Springfield
MassHousing has closed on $1.8 million in affordable and workforce housing financing to the non-profit Home City Development, Inc., to transform the former Elias Brookings School in Springfield into 42 new apartments for households with a range of incomes. The three-story, masonry, concrete and steel building was used as a public school from 1926 until it was damaged by the 2011 tornado in Springfield.
Governor Laura Kelly Announces Statewide Rental, Utility Assistance for Kansans Affected by COVID-19
Governor Laura Kelly and Kansas Housing Resources Corporation (KHRC) this week announced the launch of the Kansas Emergency Rental Assistance (KERA) program to provide rent, utility, and internet assistance to individuals and families financially impacted by COVID-19. “Keeping Kansans in their homes and businesses – and ensuring they have access to the high-speed internet needed for telehealth, telework, and virtual school – has been a top priority for my administration since day one,” Governor Kelly said. “This program will be critical in ensuring Kansans can stay secure in their homes, stay warm, and maintain access to the internet.”
Joined by U.S. Sen. Tom Carper, Governor John Carney and Delaware State Housing Authority (DSHA) Director Anas Ben Addi on Friday announced the reopening of the Delaware Housing Assistance Program (DEHAP), which provides financial assistance for renters affected by COVID-19. Landlords and tenants can apply for assistance beginning Monday, March 22, 2021 using DSHA’s application portal. DEHAP provides financial assistance to renters experiencing unemployment or other financial hardship due to the COVID-19 health crisis.