Search Results for: Income Averaging
New Allocation of Housing Assistance Available for Households Affected by COVID-19
South Dakota Housing Development Authority (SDHDA) is now accepting applications for a new allocation of funds to help with housing assistance – rent, mortgage and/or utilities – for households affected by the COVID-19 pandemic. “After helping more than 3,000 households with the first round of assistance, SDHDA recognizes that families are still struggling with uncertainties,” said Executive Director Lorraine Polak. “This additional funding helps cover families’ basic needs so they can meet their other financial obligations, too.”
MassHousing Awards $72,750 for Affordable Sober Housing to Support Women and Men in Salisbury and Amesbury
MassHousing has awarded a total of $72,750 in grant funding to Link House, Inc. to modernize 65 affordable sober housing units in Salisbury and Amesbury for women and men in recovery. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery.
NCSHA Washington Report | March 5, 2021
A brutal paradox of the pandemic is that some of the most financially stressed real estate assets — home to many of the most financially stressed Americans — may be increasingly attractive investment opportunities for buyers who see an upside on the other side of the crisis. Diana Olick, who covers real estate for CNBC, [...]
HUD Publishes Data on Housing Credit Tenant Characteristics
On March 2, the U.S. Department of Housing and Urban Development (HUD) published demographic data on tenants living in Housing Credit properties as of 2018. This data, collected annually from state Housing Credit allocating agencies as required by the Housing and Economic Recovery Act of 2008, includes details on tenant race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden. Note that, while in the past HUD has published a formal report on Housing Credit tenant data, this year it has simply made the data available in table format with a separate background document that also provides a brief explanation of each available table.
Ribbon-Cutting for The Station at Grant Avenue Affordable Housing Development
New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Melanie R. Walter today joined Plainfield Mayor Adrian O. Mapp, City Council President Steve Hockaday, Economic Development & Policy Director Valerie Jackson, South Second Street Redevelopment, LLC, funding partners and community members for the ribbon-cutting for The Station at Grant Avenue, a new 90-unit, 100% affordable housing development in the City of Plainfield, NJ, financed in part by NJHMFA.
MassHousing Closes on $1.12 Million in Financing for New Workforce Housing on Martha’s Vineyard
MassHousing has closed on $1.12 million in affordable housing financing to the non-profit Island Housing Trust (IHT) for the recently completed Perlman House, a seven-unit, mixed-income and workforce housing development on Martha’s Vineyard. The new housing transformed the former Clark House Inn bed and breakfast into seven new affordable apartments for working households in Tisbury. “With a significant need for affordable housing for year-round residents on Martha’s Vineyard, we are very pleased to be a partner in this effort to develop seven new rental homes for moderate-income families on the island,” said MassHousing Executive Director Chrystal Kornegay.
CHFA Receives $3 Million Capital Magnet Fund Award to Finance Affordable Housing from the U.S. Treasury’s CDFI Fund
March 02, 2021, The United States Department of the Treasury’s Capital Magnet Fund has awarded $3 million to the CHFA. CHFA will use the award to prevent and end homelessness, particularly for those with disabilities, and finance affordable housing for target populations with extremely low– and very low- income. The Treasury Department awarded a total of $175.35 million dollars to 48 organizations nationwide for the preservation, rehabilitation, development or purchase of affordable housing for low-income communities, as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics. CHFA is one of only five state Housing Finance Agencies in the country to receive an award.
House Passes American Rescue Plan Act; Senate Could Act This Week
Early Saturday morning, the House of Representatives passed the $1.9 trillion American Rescue Plan Act, H.R. 1319, providing the COVID-19 relief sought by President Biden. The bill, which is moving through Congress under procedural rules allowing it to pass the Senate with a simple majority, passed the House without any Republican support.
State Housing Finance Agencies: At the Center of the Affordable Housing System
The coronavirus pandemic has caused unique hardships for millions of homeowners and renters across the country. As federal and state governments implement policies and programs to help struggling Americans stay in their homes, state housing finance agencies have become more important than at any other time in their history to the system’s ability to make affordable housing available in America. This report highlights how.
