Subsidized Housing

Entries Tagged as 'Subsidized Housing'

FHLB Seattle Awards Funds For Its 2008 Affordable Housing Projects

December 18th, 2008 · No Comments

The Federal Home Loan Bank of Seattle announced its Affordable Housing Program (AHP) awards for the 2008 last week. The Seattle Bank received 51 applications requesting $19.0 million in AHP subsidy for the 2008 AHP funding round and approved 13 applications for a total of $4.38 million of AHP subsidy. The bank approved four additional […]

Obama to Nominate Shaun Donovan to head the US Department of Housing and Urban Development

December 14th, 2008 · No Comments

President-elect Obama has picked New York City housing commissioner Shaun Donovan to be secretary of housing and urban development. Obama has spoken that this position will be a key post that will play a large role in the administration’s efforts to stop the number of foreclosures and expand homeownership. Donavan served on the National Housing […]

FHLB Boston Funds Affordable Housing Grants for Seniors

December 10th, 2008 · No Comments

The Federal Home Loan Bank of Boston (the Bank) recently awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities.In all, 24 initiatives in eight states received more than $22.8 million in grants, loans, and rate subsidies as part of the […]

City of Chicago Breaks Ground for Senior Suites of Kelvyn Park

October 19th, 2008 · No Comments

Chicago Housing Commissioner Ellen Sahli recently joined Ald. Ray Suarez (31st) other City officials and members of Senior Lifestyle Corporation to officially break ground for Senior Suites of Kelvyn Park, a new $20.1 million affordable rental complex for seniors. The ceremony marked the start of construction for a proposed 85-unit development, which will be built […]

Cook County Suspends Evictions That Leaves Seniors Without A Place to Live

October 15th, 2008 · No Comments

Cook County Sheriff has announced its suspending evictions for foreclosures where lenders do not provide adequate notice to people that are living in houses as a tenant rather than the owner. The sheriff’s office has seen almost double the number of foreclosures from last year and the suspension on evictions has received a large amount […]

Housing and Credit Crisis Create More Homeless Seniors?

September 16th, 2008 · No Comments

As the financial crisis continue forward for all of America, a growing concern is the rise of financial trouble for seniors as the value of not only their homes decline but also their retirement savings being eroded by either the stock market or the need to spend those funds more quickly for day to day […]