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.
The California Department of Housing and Community Development (HCD) released its draft Multifamily Housing Program (MHP) Guidelines. Recent legislation authorized the issuance of $1.5 billion in bonds through the MHP for new construction, rehabilitation and preservation of veterans and affordable housing.
TCAM announced the expansion of the services it provides to affordable housing lenders. In November 2018, TCAM became part of MRI Software, a global leader in real estate software and comprehensive solutions for the affordable housing industry. Together, TCAM and MRI can now offer cutting-edge services to state and local government agencies and financial institutions that provide single-family and multifamily loans including subordinate (“cash flow” contingent) loan portfolios to the affordable housing industry.
Matthew Greeson and Tracy Childress joined Reno & Cavanaugh PLLC as firm members on Jan. 1, 2019. Greeson focuses on complex real estate transactions with an emphasis on mixed-use transactions that combine commercial space with affordable and/or market-rate residential units. He closes transactions employing public-private partnership initiatives for acquisition and development and utilizing low-income housing […]
The Oklahoma Housing Finance Agency (OHFA) is hosting a Multi-Family Bond & 4% Tax Credit workshop on Jan. 30 from 3-4:30 pm, CST at its office (100 Northwest 63rd Street Will Rogers Conference Room Oklahoma City, OK 73116). The training is free, but seating is limited, and registration is required.
The US House of Representatives passed two appropriations bills that would fund the Departments of Transportation, HUD, and Related Agencies (H.R. 267) as well as the Departments of Agriculture, Rural Development, Food and Drug Administration, and Related Agencies (H.R. 265). H.R. 267 passed with a vote of 244-180, with twelve Republicans voting in favor of […]
HUD announced Ginnie Mae’s executive vice president and chief operations officer Michael Bright will be stepping down on January 16 and has requested that his nomination for president of Ginne Mae be withdrawn. Maren Kasper, current executive vice president of Ginnie Mae, will serve as the acting president upon Bright’s departure. Bright has been hired […]
The King County Council in Washington state accepted a report from Regional Affordable Housing Task Force, which calls for building or preserving at least 44,000 affordable housing units by 2024, focusing on households earning up to 50 percent of the area median income. The report explains that to meet the current demand for affordable housing […]
Vermont Housing Finance Agency (VHFA) hired Seth Leonard of Winooski for the newly created position of Managing Director of Community Development. Leonard comes to VHFA from the USDA Office of Rural Development, where he served as Housing Program Director for Vermont and New Hampshire. Prior to that, Leonard worked at VHFA for four years as Homeownership Outreach Coordinator.
On December 28, Mike Kennealy was sworn in as the new Secretary of Housing and Economic Development. Kennealy replaces former Secretary Jay Ash, who departed to become CEO of the Massachusetts Competitive Partnership. Kennealy previously served as Assistant Secretary of Housing and Economic Development in the Baker Administration. The Executive Office of Housing and Economic Development […]