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FACT SHEET: The Impact of the American Rescue Plan after One Year
One year after President Biden signed the American Rescue Plan Act into law, our country is in the midst of one of the strongest periods of economic growth in a century. Enacted during a severe...
Governor Hochul Announces Construction Underway On $39 Million Affordable and Supportive Housing Development as Part of $1.4 Billion Vital Brooklyn Initiative
Governor Hochul today announced the start of construction on a $39 million affordable and supportive housing development as part of the State's $1.4 billion Vital Brooklyn Initiative. Located in Bedford Stuyvesant, The Hart will include 57 sustainable and permanently affordable apartments with 38 supportive homes for chronically homeless seniors and families. In addition, The Hart will be home to a mental health outpatient program and a new primary care center to be operated by One Brooklyn Health.
New Hampshire Housing Announces Three Staff Promotions
Ben Feost was named Deputy Executive Director and Chief Legal Officer, having served most recently as Managing Director of New Hampshire Housing’s Policy, Planning and Communications group. Frost manages external relations, legislative initiatives, communications, research, and strategic planning, and provides legal guidance on program implementation. He frequently presents on issues concerning affordable and workforce housing, land use law, and ethics.
Housing Finance Agency Named to 2022 Best Mortgage Companies to Work For
North Dakota Housing Finance Agency (NDHFA) has been named one of the 2022 Best Mortgage Companies to Work for by National Mortgage News and the Best Companies Group. “North Dakota Housing Finance Agency is honored to be recognized as one of the 2022 Best Mortgage Companies to Work for,” said Dave Flohr, the agency’s executive director.
NCSHA Washington Report | March 4, 2022
Everyone in housing has their sights on the need for more new construction to help slow out-of-control costs. Coming into focus for many is an equally immediate need — and arguably more...
California Housing Finance Agency Reporting Wins Fourth Consecutive Award for Excellence
The Government Finance Officers Association of the United States and Canada has once again awarded its highest forms of recognition to the California Housing Finance Agency (CalHFA). For the fourth consecutive year, CalHFA earned a Certificate of Achievement for Excellence in Financial Reporting for its 2019-2020 Comprehensive Annual Financial Report and Popular Annual Financial Report, which give detailed accountings of CalHFA's financial position for both financial professionals and the layperson.
CalHFA Board Member Appointments
The California Housing Finance Agency saw two key members of its Board of Directors, Eileen Gallagher and Frederick P. White, reappointed by Governor Gavin Newsom this week. They will serve alongside James Cervantes, who was appointed to the CalHFA Board of Directors earlier last month.
TDHCA Launches Texas Homeowner Assistance Fund
The Texas Department of Housing and Community Affairs (TDHCA) announced today the Texas Homeowner Assistance Fund (TXHAF) is now available for qualified homeowners who need help with past due mortgage payments and related expenses due to financial hardships associated with the COVID-19 pandemic. Eligible households could receive up to $40,000 for past due mortgage payment assistance, and up to $25,000 to pay past due property taxes, property insurance, and delinquent homeowner association (HOA) and/or condo association fees.
Housing Agency Awarded Grant to Support Counseling Programs
North Dakota Housing Finance Agency (NDHFA) has been awarded a $72,840 housing counseling grant by the U.S. Department of Housing and Urban Development (HUD). The agency will split the grant between two affiliate organizations – Community Action Opportunities of Minot and Southeastern North Dakota Community Action Agency of Fargo.
NCSHA Spearheads Legislative Effort to Enable Use of Fiscal Recovery Funds with Housing Credit
Over 80 organizations joined an NCSHA-led effort to urge Congress to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program to facilitate its use with the Housing Credit.
FHFA Announces Largest Allocation Yet to Housing Trust Fund and Capital Magnet Fund
Today, Federal Housing Finance Agency Acting Director Sandra L. Thompson announced the Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). HTF will receive $740 million, an increase of $29 million from the previous year, and CMF will receive $398 million, an increase of $15 million from the previous year. These are the largest amounts ever provided to these programs from the Enterprises.
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
Washington, D.C. - Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing...
