HUD: $33.3 Million Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of Atlanta, GA
Transaction preserves 114 deeply affordable homes and 114 Low-Income Housing Tax Credit homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Atlanta, Georgia, to preserve affordable housing at its 20-building Villages…
HUD: Rental Assistance Demonstration Conversion Transaction Closed as Part of a Neighborhood Redevelopment Plan in Baltimore, MD
$27.8 million transaction with the Housing Authority of Baltimore City and the City of Baltimore includes the development of 93 new affordable rental homes and is part of the neighborhood redevelopment plan for Baltimore’s Perkins-Somerset-Oldtown community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on June 30, 2022 closed a Rental…
HUD: FHA Supports Affordable Housing with Financing of $8.2 Million Mortgage for Senior Housing in Sacramento, CA
Insurance endorsement provided by FHA supports substantial rehabilitation of 32 units serving 55+ residents at 30%, 45%, 50%, and 60% of the area median income. The Federal Housing Administration (FHA) announced on May 13, that it has closed on a $8.2 million mortgage insured under FHA’s 221(d)(4) Substantial Rehabilitation program for Gloria Drive Apartments in…
FHFA: Increase in the Enterprises’ LITHC Cap Announced
To support underserved markets, each Enterprise can now invest up to $850 million annually in LIHTC Today, to support underserved markets, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) can each invest up to $850 million annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors,…
HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects
Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program,…
Federal Reserve: New FEDS Notes Analyzes Rural Affordable Rental Housing
Rural Affordable Rental Housing: Quantifying Need, Reviewing Recent Federal Support, and Assessing the Use of Low Income Housing Tax Credits in Rural Areas (PDF) by Andrew M. Dumont Abstract: Recently, there has been significant interest in the high levels of rental cost burden being experienced across the United States. Much of this scholarship has focused…
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