General News
New CDFA Series: Food Finance
The Council of Development Finance Agencies (CDFA) released the first white paper of a series, Food Systems and Development Finance. This white paper explores the potential for development finance to support this new food system asset class with a dozen case studies featuring bonds, tax increment finance, tax credits and revolving loan fund programs.
Florida Housing Publishes SAIL RFA
Florida Housing released RFA 2019-104 “SAIL Financing For Smaller Permanent Supportive Housing Developments For Persons With Special Needs.”
SUNY Residence Hall Energy Retrofit
The Dormitory Authority of the State of New York is seeking a Statement of Qualifications from qualified Design-Build teams capable of providing all services necessary to design and construct the renovation of an existing residence hall, including additional 6,000 sf for added programming need, an increase to 300 beds, and retrofitting of the building envelope plus systems to fully electrify and reduce energy use to a maximum EUI of 32kbtu/sf/year.
Oregon RFP Seeks Contractor to Develop Preservation “Designee” Process
Oregon Housing and Community Services (OHCS) issued RFP 914-4740-19, Contractor for OHCS Preservation “Designee” Process. In collaboration with the Preservation Program Manager leading this effort, this contractor would establish an application process and inventory of potential designee’s in collaboration with local governments. The contractor will be expected to implement a designee outreach strategy that should include current owners of participating properties or affordable housing developers, including those new to doing business in Oregon.
Oregon Housing Stability Council – March 1
Oregon Housing and Community Services (OHCS) will hold a Housing Stability Council meeting on Friday, March. 1, 2019 from 9 am – 1 pm PT. Attendees can participate in person at OHCS (725 Summer St. NE, Salem, OR) in conference room 124 A/B or via phone: 1-877-273-4202; Participant Code: 4978330. The meeting materials packet is […]
Improving HCD’s Loan Closing Process
The California Department of Housing and Community Development (HCD) is implementing a three-phase action plan to improve its loan closing processes which will focus on: Increased standardization of loan documents; increased transparency and predictability around application scoring; improved customer service through predictable, assigned contacts to assist post-award; increased efficiency through electronic signatures; and ongoing feedback.
Final HCD 2018 CDBG NOFA FAQ
The California Department of Housing and Community Development (HCD) released the final 2018 Community Development Block Grant (CDBG) Notice of Funding Availability (NOFA) FAQs. Applications must be received on Tuesday, Feb. 26 by 5 pm. If you have additional questions regarding the 2018 CDBG application, please submit questions to [email protected] through Monday, Feb. 25.
HOME Financing for Hurricane Michael Impacted Counties and Rural Areas in Florida
Florida Housing issued RFA 2019-109 “HOME Financing to be used for Rental Developments for Hurricane Michael Impacted Counties and in Rural Areas.” To apply for funding, interested parties must submit the application, the Principals of the Applicant and Developer(s) Disclosure Form and the Development Cost Pro Forma. The deadline to apply for funding is 3 […]
Boston Announces $26 Million for Affordable Housing
Boston Mayor Marty Walsh announced more than $26 million in new funding for housing from the Department of Neighborhood Development, the Neighborhood Housing Trust and the Community Preservation Fund. The funding will impact a total of 515 units, 459 new housing units will be created and 56 units will be preserved.
California Housing Partnership Releases Affordable Rental Homes At-Risk Assessment
The California Housing Partnership annually assesses the historical loss and conversion risk of federally- and state-subsidized affordable rental properties. Its 2019 analysis found that between 1997 and 2018, California lost 15,044 affordable rental homes, one in four of which were financed with LIHTCs, and another 34,554 affordable rental homes are at risk of conversion.
Vice President Pence Tours Opportunity Zone in Columbia, SC
On Thursday, Feb. 21, Vice President Mike Pence toured an opportunity zone in Columbia, South Carolina with Senator Tim Scott (R-SC). Vice President Pence delivered remarks at the Meeting Place Church which oversees a 23-acre, 215,000 square foot ministry complex which includes a full-service banquet and conference center, a renal care facility, professional counseling services, […]
NYT: Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets
This New York Time article explores some of the more than 80 Opportunity Zone Funds that have been set up so far. Some impact investors — whose aim is to make money while funding projects that bring about social or economic benefits — are targeting their funds toward areas in the Southeast and industrial Midwest. […]