Jessica Hoefer Author Archives
Connecticut 2023 Application Deadlines
Connecticut Housing Finance Agency (CHFA) anticipates making $10 million available in state tax credits to nonprofit applicants that will create housing opportunities in the state ($500,000 max award).
HUD Publishes Updated Guidance for Section 8 Project-Based Rental Assistance Contract Renewals
HUD announced updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program.
Minnesota Rental Rehabilitation Loan Program
Minnesota Housing announces the availability of up to $7 million in state appropriations for the rehabilitation of multifamily rental housing that currently has a USDA Rural Development Section 515 mortgage.
California HCD Regional Housing Needs Allocation
The California Department of Housing and Community Development (HCD) is soliciting ideas and input from the public for ways to improve the seventh cycle Regional Housing Needs Allocation (RHNA) process and address California’s housing shortage.
Lument Closes $17.4M Fannie Mae Refinance for Affordable Housing Community in Austin
Lument announced the closing of a $17.4 million Fannie Mae affordable loan to refinance Riverside Meadows, a 240-unit multifamily community in Austin, TX.
Silicon Valley Bank Collapse Puts San Francisco’s Affordable Housing Projects in Limbo
An article in The San Francisco Standard details the risk to affordable housing projects in San Francisco following the collapse of Silicon Valley Bank.
POAH Tapped for Redevelopment of St. Louis’ Oldest Public Housing Project
Following years of discussion about the future of St. Louis’ oldest public housing site, Preservation of Affordable Housing Inc. (POAH) has been selected as lead developer of the Clinton-Peabody Apartments.
Sign-on Letter for FY 2024 Affordable Housing, Community Development Appropriations
The Campaign for Housing and Community Development Funding (CHCDF) is leading a sign-on letter to urge Congress to oppose any cuts to federal affordable housing, homelessness and community development programs, and to instead invest in these vital programs in Fiscal Year 2024.
Kansas Housing Awards First State Tax Credits
Kansas Housing (KH) announces that it awarded its first tax credits to four percent LIHTC and private activity bond (PAB) projects.
McCormack Baron Announces the Retirement of Hillary Zimmerman, President, MBS Asset Management and SVP & General Counsel
Hillary Zimmerman, president of McCormack Baron Asset Management and senior vice president and general counsel of McCormack Baron, will retire March 31, the company announced.
NLIHC: U.S. Short 7.3 Million Homes for ELI Households
In The Gap 2023: A Shortage of Affordable Homes, the National Low Income Housing Coalition (NLIHC) estimates there is a national shortage of 7.3 million affordable and available rental homes for extremely low-income renters.
Kentucky Public Hearing on QAP – March 23
Kentucky Housing Corporation (KHC) will hold a public hearing regarding proposed amendments to the 2023-2024 LIHTC QAP. The hearing will be from 10 to 11 a.m. ET, March 23 via Zoom.