Newsroom
Partners Celebrate Groundbreaking for Renovations at Providence Housing Developments
Congressman David Cicilline (D-RI 1st District) and Providence Mayor Jorge Elorza will join RIHousing and nonprofit developer Preservation of Affordable Housing (POAH) along with supporters and residents at a ceremonial groundbreaking for renovations to take place at Oxford Place and Oxford Gardens affordable housing.
Elderly and Disabled Residents Will See Property Renovation, Extension of Affordability With $13.9 Million in Financing
MassHousing has provided $13.9 million in financing to an affiliate of the Cambridge Housing Authority. The MassHousing financing will allow the Cambridge Housing Authority to launch an extensive renovation of the Russell Apartments, a 52-unit affordable housing community serving low-income senior citizens and disabled residents.
John Weeda Named Director of North Dakota Transmission Authority
John Weeda, who retired in 2017 as director of North Dakota Plant Operations for Great River Energy, has been selected to serve as the director of the North Dakota Transmission Authority by the North Dakota Industrial Commission (NDIC) as of Feb. 14.
Urban Land Institute Seeking Nominations for Annual Housing Awards
The Urban Land Institute's Terwilliger Center for Housing is currently accepting nominations for its annual housing awards.
Governor Baker Appoints Mattapoisett Attorney Patricia McArdle to MassHousing Board of Directors
Governor Charlie Baker has appointed Patricia A. McArdle, Esq., to the MassHousing Board of Directors. Ms. McArdle, an attorney, heads the Law Office of Patricia A. McArdle and Associates, PC, in Mattapoisett.
MassHousing Closes $10.6 Million in Financing to Preserve Affordability and Make Extensive Property Improvements
MassHousing has closed on $10.6 million in financing to the East Boston Community Development Corporation (EBCDC) for the acquisition, renovation and preservation of 111-unit scattered-site Landfall Community Associates properties in East Boston.
District Agencies Announce Progress to Transform Parkway Overlook Community
Several District Government agencies have closed a financing deal that will preserve 220 affordable housing units in the long vacant Parkway Overlook Apartments in the Ward 8 neighborhood of Congress Heights.
Due to Tax Reform’s Impact, Fannie Mae Realizes 4Q Losses, Prompting Need for Treasury Assistance
Fannie Mae announced today in its latest earnings report that it realized a net loss in the fourth quarter of 2017, resulting in a net worth deficit of $3.7 billion as of December 31, 2017.
Trump Administration Releases FY 2019 Budget Proposal Eliminating HOME and Other Federal Housing Programs
On February 12, the Administration sent Congress its formal Fiscal Year (FY) 2019 Budget request, “Efficient, Effective, Accountable: An American Budget”. The FY 2019 Budget reduces the overall “federal footprint of housing assistance” by eliminating several key programs, including the HOME Investment Partnerships Program (HOME), the Community Development Block Grant (CDBG), the Public Housing Capital Fund, the Choice Neighborhoods Initiative, the Self-Help and Assisted Homeownership Opportunity Program (SHOP), and Section 4 Capacity Building for Community Development and Affordable Housing. Please see NCSHA’s statement on the Administration’s FY 2019 Budget.
