General News

The New Markets Tax Credit (NMTC) Coalition is gathering signatures from organizations for a sign-on letter urging Congress  to pass a permanent extension and expansion of the NMTC, which is set to expire at the end of 2019. NH&RA signed the letter and urges our members to do so as well. The deadline to sign-on is Feb. 8.

The California Housing Finance Agency (CalHFA) Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15 percent of the Building Homes and Jobs Act Fund, expected to be $30 – $45 million, to provide residential […]

Applications for the Affordable Housing and Sustainable Communities (AHSC) Notice of Funding Availability (NOFA) are due on Feb. 11. The AHSC program seeks to reduce greenhouse gas emissions through projects that implement land-use, housing, transportation, and agricultural land preservation practices to support infill and compact development. For the fourth round, $395 million in funding is available.

On Jan. 31 from 9 – 11:30 am ET the New Hampshire Housing Finance Authority (NHHFA) and the Community Development Finance Authority (CDFA) will host a discussion on financial and technical resources available for energy audits and energy upgrades at multi-family housing properties.

Governor Andrew Cuomo (D-NY) recently gave his State of the State address and released his FY2020 Executive Budget, outlining his priorities for the current legislative session.

In a Microsoft Corporate Blog, president Brad Smith and CFO Amy Hood committed $500 million in loans and grants to accelerate the construction of more affordable housing across the Seattle region across the next three years.

Oregon Housing and Community Service (OCHS) announced the deadline to apply for its Federal Project Based Rent Assistance Preservation Notice of Funding Availability (NOFA). Applications, with the project’s Multifamily Energy Program Incentive Reservation letter, are due by 4 pm PT on Feb. 19, 2019. Applications will be reviewed as they are received.

The California Department of Housing and Community Development and the Strategic Growth Council have published and updated Questions and Answers document for the Affordable Housing Sustainable Communities (AHSC) Round 4 Notice of Funding Availability (NOFA) application period. Applications to the NOFA are due on Feb. 11, 2019.

In a Washington Post op-ed, Jared Bernstein, former chief economist to former Vice President Joe Biden and senior fellow at the Center on Budget and Policy Priorities, describes the early developments, including the Zone certification process, market reactions and some proposed investment targets of Opportunity Zones. While Bernstein notes the gentrification risk of Opportunity Zones, he concludes that the selected Zones have both the need and capacity to absorb new investment, development and people without displacing local residents. He calls on Treasury to dictate strong reporting requirements that will accommodate thorough evaluation.

The Florida Housing Finance Corporation (FHFC) will hold a workshop on its RFA 2019-107 Financing to Develop Housing for Persons with Disabling Conditions / Developmental Disabilities on Friday, Jan. 18, 2019 at 10 a.m. ET. The RFA is expected to be issued in late February and applications will likely be due in late March.

Governor Gavin Newsom (D-CA) published his 2019-2020 proposed budget summary. In total, the Budget includes $7.7 billion across multiple departments and programs to address housing and homelessness throughout the state.

The California Department of Housing and Community Development announced $53.3 million in awards for the first round of the California Emergency Solutions and Housing Program (CESH). CESH is a state program providing funds for a variety of activities to assist people experiencing or at risk of homelessness.