The Federal Home Loan Bank of San Francisco awarded $30.3 million in Affordable Housing Program (AHP) grants in the first round of the 2009 competition earlier this month. The AHP grants, awarded to 42 projects that address the unique needs of individual communities, will produce 2,558 affordable housing units in Arizona, California, Illinois, Nevada, […]

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Horizons at Indio, an affordable housing community developed by Urban Housing Communities (UHC) and Heritage Community Housing (HCH), celebrated its achievement of honorable mention in the senior housing category of the 15th Annual Charles L. Edson Tax Credit Excellence Awards program.  The Charles L. Edson Tax Credit Excellence Award is a national awards program presented […]

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The Alaska Housing Finance corporation (AHFC) announced that the AHFC board Tuesday approved loans totaling $1.5 million for the project known as Eklutna Estates Senior Housing that consists of a four-story, fifty-nine new units of affordable senior housing jn Anchorage.  The housing project will be located on Centennial Circle, approximately 3-1/2 miles northeast of the […]

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Last week, various government leaders from the state of Hawaii celebrated a dedication ceremony for a new 60-unit senior rental housing project in Kapolei and helped break ground on a second project that will provide 20 more affordable rental units for kupuna in West O`ahu. The rental units are targeted at seniors whose incomes are […]

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Last month, various community leaders and politicians joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to celebrate the ground breaking on the $18 million rehabilitation of Embury Apartments.  Embury, a 200-unit affordable housing development for low-income seniors aged 62 and older, was originally constructed over 35 years ago and […]

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New York state’s Division of Housing and Community Renewal (DHCR) announced the results of a Statewide Affordable Housing Needs Study. The report was the result of an outreach to gather first-hand information from local leaders and housing professionals who best understand the housing and community development needs of their own communities.  The study started in […]

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Cambridge Realty Capital Companies recently reported the firm processed 19.5 percent fewer loan origination requests during the first quarter of 2009 than it did for the same period last year. Cambridge Chairman Jeffrey A. Davis said the company reviewed 74 loan origination requests totaling $1.19 billion through the first three months of […]

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The McGregor Foundation last weekend presented awards to three architectural firms — including a shared first and second place to Dorsky Hodgson Parrish Yue of Beachwood, Ohio — at the conclusion of a weekend public competition to design affordable multi-family housing for seniors in Cleveland’s inner city.  A panel of five judges chose the winners […]

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The Federal Home Loan Banks of Pittsburgh and San Francisco (FHLBanks) announced this week the awarding of $9.87 million in affordable housing grants for the construction and rehabilitation of 861 units of affordable housing at 18 project sites.  With the recently announced grants, the FHLB Pittsburgh has contributed a total of more than $42 million […]

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The National Low Income Housing Coalition (NLIHC) released its report, Out of Reach 2009, that provides a frightening view of affordable rental housing in the United States.  The NLIHC annual Out of Reach report provides data for every state, metropolitan area and county in the country showing how much a household must earn to afford […]

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The County of Hawaii is seeking partners for a government-private partnership that will provide the state with a 160 unit affordable, rental senior housing project that will be known as Mohouli Heights Senior Neighborhood project.  The state is allowing a developer to obtain a 75 year land lease through the Hawaii Island Community Development […]

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New York Governor David A. Paterson announced early this week $253 million in affordable housing grants coming to New York through the American Recovery and Reinvestment Act (ARRA).  The New York project are the first  housing projects in the U.S. to be awarded funding through the ARRA, and will allow for the preservation of existing […]

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