Newsroom
Vermont HFA Introduces Sustainability Bonds to Deliver More Affordable Housing to Vermonters In Need
The Vermont Housing Finance Agency (VHFA) Board of Commissioners approved plans to sell $37 million of bonds during the week of January 8, 2018 as the first Sustainability Bonds to be issued in the State of Vermont.
PA Governor Wolf Announced Tax Credits to Revitalize ‘Mill 19’ – Site of Former Steel Mill in Hazelwood
Governor Tom Wolf announced that Commonwealth Cornerstone Group (CCG) has completed a $15 million New Markets Tax Credit (NMTC) financing transaction that will support the adaptive reuse and redevelopment of ''Mill 19,'' a riverfront brownfield site that is part of the planned Hazelwood Green project in Pittsburgh's Hazelwood community.
DCHFA Financing Preserves Affordable Housing in Chinatown
The District of Columbia Housing Finance Agency (DCHFA) issued $39 million in bond financing for the preservation of Wah Luck House Apartments (800 6th Street NW).
President Signs Tax Reform Bill; Congress Passes New CR
This morning, President Trump signed into law the Tax Cuts and Jobs Act tax reform legislation, which preserves both the Low Income Housing Tax Credit and private activity Housing Bonds.
Final GSE Duty to Serve Plans Include Increased Housing Credit Investments; Collaborations with HFAs
The government-sponsored enterprises Fannie Mae and Freddie Mac (the GSEs) earlier this week released their final Underserved Market Plans (the Plans) for years 2018-2020. The Plans outline how each firm intends to fulfill their obligations under the Federal Housing Finance Agency’s (FHFA) Enterprise Duty to Serve rule. Both Plans include GSE commitments to make Housing Credit investments in underserved areas and to partner with HFAs to fulfill the GSEs’ Duty to Serve obligations.
Home Buying Boosted for 8,000 Low-Wealth North Carolinians; NC HFA Generates $1 Billion in Mortgage Activity
More than 8,000 North Carolina families celebrated in new homes this holiday season thanks to $1 billion in mortgage activity from the North Carolina Housing Finance Agency.
Social Media Users Help CHFA Donate $4,043 to Sweet Dream in a Bag
Colorado Housing and Finance Authority (CHFA) was pleased to donate $4,043 to Sweet Dream in a Bag, a local nonprofit that comforts children in poverty with gifts of brand-new bedding.
Second Phase of Renovation of the E. Henry Twiggs Estates Commences, Closing of $10.8 Million in MassHousing Financing
BOSTON, MA -- December 19, 2017 -- MassHousing has provided $10.8 million in financing to the nonprofit developer Home City Development, Inc, to advance the second phase of the substantial rehabilitation of the 136-unit E. Henry Twiggs Estates in Springfield. The project will complete major renovations of 61 scattered-site apartments for low-income families in the Mason Square neighborhood of Springfield.
Harvard Report Finds Growth in Renter Demand Slowing Overall, but Need for Housing Assistance Among Poorest Still at Near-Record
Harvard University's Joint Center for Housing Studies (JCHS) released on December 14 its biennial report on the state of America’s rental housing, finding that while there has been an unprecedented increase in demand for rental housing over the last decade, the surge in rental household growth is now ebbing. However, the report says, the number of very low-income renter households has grown significantly in recent years—by 4.3 million between 2001 and 2015—dwarfing the increase in the number of very low-income households receiving rental assistance (an increase of merely 600,000 households) over that time period.
Conferees Agree on Final Tax Reform Bill Preserving the Housing Credit and Bond Programs
In a major victory for NCSHA, HFAs, affordable housing stakeholders, and, most importantly, those who need housing help in this country, the final tax reform legislation that House and Senate conferees agreed to last Friday retains both private activity tax-exempt bonds, including single-family and multifamily Housing Bonds, and the Low Income Housing Tax Credit. The bill also preserves the Mortgage Credit Certificate (MCC) program.
MassHousing Closes on $22.6 Million to Renovate and Reconstruct 112 Affordable Units in Cambridge
MassHousing closed on $22.6 million in financing for the nonprofit developer Just-A-Start Corporation (JAS) for the acquisition and renovation of 112 affordable apartments in Cambridge, including the new construction of a 16-unit building at 50 York Street that was destroyed in a devastating, 10-alarm fire in December 2016.
SDHDA Introduces New Program For Recent Graduate Homebuying Assistance
South Dakota Gov. Dennis Daugaard announced on December 29, 2017 that South Dakota Housing Development Authority (SDHDA) has launched a brand new program aimed at assisting postsecondary graduates in purchasing a first home in South Dakota.
