Jessica Hoefer Author Archives
Michigan State Housing Development Authority MOD & M3 Program Funding
Michigan State Housing Development Authority’s (MSHDA) Mod Permanent Program and Multiple Modulars Initiative are accepting funding applications from nonprofit organizations, local units of government and for-profit entities meeting Limited Dividend Housing Association criteria.
Standard Communities Acquires Canton Estates Apartments in Massachusetts
Standard Communities announced that it has acquired Canton Estates Apartments, a naturally occurring affordable housing family community in Canton, MA.
Treasury Report on Second Anniversary of American Rescue Plan Act
To mark the second anniversary of the American Rescue Plan Act of 2021 (ARPA), the U.S. Department of the Treasury released a report with new data illustrating the extent to which this funding supported both immediate pandemic recovery and long-term economic growth.
West Virginia Sets 2023 State Housing Credit Ceiling
West Virginia Housing Development Fund announced the set-aside categories and amounts for its 2023 state LIHTC program.
Lument Adds Jennifer Athas to Its Real Estate Investment Sales Team
Lument announced the hiring of Jennifer Athas as managing director of real estate investment sales.
HUD Issues Final Implementation of the Public Housing Over-Income Limit
HUD issued Notice PIH 2023-13, which provides guidance to Public Housing Agencies (PHAs) regarding the new limitations on continued occupancy in public housing for over-income families from the Housing Opportunity Through Modernization Act of 2016.
Ohio Approves CDGB-DR Guidelines and Materials
Ohio Housing Finance Agency’s (OHFA) Community Development Block Grant – Disaster Recovery (CDBG-DR) guidelines were finalized at the March 15 Board meeting.
CDFI New Markets Tax Credit Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announces that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program).
West Virginia Holds 2023 LIHTC Application Workshop – April 27
The West Virginia Housing Development Fund will hold a 2023 LIHTC Application workshop on April 27 from noon to 3:30 p.m. ET via Zoom.
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.
President Biden Releases FY 24 Budget Request
On March 9, the White House released its fiscal year (FY) 2024 budget proposal, which notably calls for $51 billion in additional LIHTCs, a new Neighborhood Homes Tax Credit, and mandatory funding for new project-based rental assistance contracts.