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, Texas, […]
Category: Tax Credits
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 […]
As the world of finance continues to sputter, another area that is experiencing the “hurry up and wait” feeling is funding for not-for-profit projects. A reader sent a story/link to the Center For Civil Society Studies at the Johns Hopkins Institute for Policy Studies that examines stalled projects from non-profits that contribute infrastructure services to […]
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 […]
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 […]
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 this year. This […]
As money from the Department of Housing and Urban Development begins being distributed to housing agencies across the country, many local agencies and politicians are eager to demonstrate that stimulus money is being put to work quickly for important project for low and moderate income constituents. Last week, leaders of the Tacoma Housing Authority held […]
The Shelter Group recently celebrated its dedication ceremony for Park View at Emerson, a newly constructed residential community that is part of the larger 570 acre Emerson Master Planned Community. Park View at Emerson, an 80 unit affordable apartment community for adults ages 62 and better, welcomed its first residents in January 2009. Park View […]
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 Corporation […]
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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