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Governor McKee, RI Office of Energy Resources and RIHousing Announce Zero-Energy Housing Awards
Rhode Island Governor Dan McKee, the Office of Energy Resources (OER) and RIHousing announced today the award of funds to develop highly energy efficient housing for low- and moderate-income Rhode Islanders. The demonstration program, Zero Energy for the Ocean State (ZEOS), is the result of a public-sector partnership between OER, RIHousing, and National Grid to explore innovative, replicable solutions to utilize cost saving, clean energy technologies in homes.
Governor Hogan Announces Opening of Maryland Homeowner Assistance Fund
Governor Larry Hogan today announced the launch of the $248 million Maryland Homeowner Assistance Fund, which will be administered by the Maryland Department of Housing and Community Development (DHCD) to support mortgage relief, home repairs, housing counseling, and legal services.
MassHousing Closes on $8 Million in Financing for New, 29-Apartment Workforce Housing Community on a Vacant Parcel in Dorchester
MassHousing has provided a total of $8 million in affordable and workforce housing financing to TLee Development LLC, for the construction of 29 new apartments on a vacant parcel at 1463 Dorchester Ave. in Dorchester. The new housing community will feature 25 workforce housing units, four affordable units, and first-floor commercial space.
More Than $103 Million in Federal Emergency Rental Assistance Has Been Distributed to Maine Landlords on Behalf of Their Tenants
Today MaineHousing is announcing it has reached a critical milestone in efforts to help more than 17,400 Maine renters weather the economic challenges wrought by the ongoing COVID-19 pandemic.
Housing Finance Agency Ranked a Tier 1 FHA Loan Servicer
North Dakota Housing Finance Agency (NDHFA) was ranked a Tier 1 Federal Housing Administration (FHA) loan servicer for FY 2021 by the U.S. Department of Housing and Urban Development’s (HUD) National Servicing Center.
MassHousing Closes on $26.9 Million in Financing to Create 87 New Mixed-Income Apartments at 608 Broadway in Lawrence
MassHousing has closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex in Lawrence. The $46.8 million mixed-income project will repurpose a former industrial building into 87 new apartment homes, including 21 workforce housing units, and advance the city’s redevelopment of the 34-acre Arlington Mills Smart Growth Overlay District.
State Releases Results of First Housing Study in 27 Years
Kansas Housing and the state’s Office of Rural Prosperity announced the results of the state’s first comprehensive statewide housing needs assessment undertaken in nearly 30 years. The report’s release marks the culmination of a year-long project to evaluate current housing needs and growth opportunities, including goals to guide future housing development efforts.
Florida Housing and Governor DeSantis Celebrate Continued Housing Wins in 2021
The Florida Housing Finance Corporation (Florida Housing) is proud to announce this year’s housing accomplishments under the leadership of Governor Ron DeSantis. Florida Housing is grateful to the Governor’s continued commitment and support of affordable housing programs.
Murphy Administration Awards Over $23 Million in Federal Tax Credits
The Murphy Administration announced today it has awarded over $23.1 million in annual 9% federal Low Income Housing Tax Credits (LIHTC), which will lead to the construction of more than 1500 new affordable apartments for families, seniors and residents with special needs – helping to build a stronger and more equitable New Jersey. These tax credits are expected to generate approximately $231.4 million in private investment that will finance the construction of 20 developments across 11 of the state’s counties, producing a total of $450 million in new development.
FHFA Establishes New, Higher Affordable Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) on Wednesday published a final rule establishing updated affordable housing goals for Fannie Mae and Freddie Mac (the Enterprises). The rule sets higher benchmark levels for the single-family and multifamily housing goals and subgoals, as well as two new single-family subgoals. The new single-family goals will apply for years 2022 through 2024, while the multifamily goals apply only for 2022.
Hogan Administration Announces Nearly $1.6M for Operating Assistance Grants, including Main Street Improvement Awards
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced today that $1,580,000 has been awarded for 62 projects in 20 jurisdictions as part of the Operating Assistance Grant awards. This funding will assist local governments, Main Streets and nonprofits with operating and technical assistance costs associated with local housing and community and economic revitalization projects and initiatives.
FHFA Finalizes 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes...
