News

Many banks offer predevelopment loans through their community lending programs, especially if the project qualifies for Community Reinvestment Act (CRA) credits.

Oregon Housing and Community Services Announces Public Comment and Meeting Invitations for Proposed Rulemaking 

Minnesota Housing Housing Finance Agency’s announced reporting requirements for state-level prevailing wage statutes amended during the state’s 2023 and 2024 legislative sessions.

A recently released technical information release (TIR) from the Massachusetts Department of Revenue describes provisions in the state’s Affordable Homes Act (H.B. 4977), including changes in the State Historic Tax Credit and the introduction of the qualified conversion credit for converting commercial property into residential housing.

Connecticut Housing Finance Authority (CHFA) announced its brand-new program: Housing Authority Resident Program (HARP).

In a major boost for affordable housing, the LIHTC per-capita multiplier has reached $3 per person for the first time, while the Private Activity Bond (PAB) per-capita multiplier is set at $130 per person for 2025.

NH&RA’s HOPE VI/Mixed-Finance Working Group, a council formed to find preservation solutions to a portfolio of severely distressed properties, submitted recommendations to HUD last week for criteria it should consider in determining whether a property is eligible for a Section 18 repositioning.

NH&RA’s newly formed membership council, the Connecticut Council for Housing Production, was established to enhance and expand the utility of Connecticut’s current housing programs and streamline the processes.

The Enterprise Community Loan Fund (ECLF) is a leading provider of affordable housing financing, focused on creating and preserving affordable homes, especially in underserved communities.

The Ford Foundation provides grants and low-interest loans for predevelopment activities for affordable housing.

Local Initiatives Support Corporation (LISC) provides flexible predevelopment funding to developers involved in affordable housing.

The final application materials for the 2025 QAP are available on the OHFA website.