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Rehabs start for apartment properties transitioning from public housing

The renovations are part of an effort to move the units from the RRHA to private landlords, who would use a project-based voucher program to rent to Section 8 residents. ....

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The Michaels Organization to Transform Outdated Ablett Village Public Housing Site into 425 New Affordable Homes in East Camden

The Michaels Organization to Transform Outdated Ablett Village Public Housing Site into 425 New Affordable Homes in East Camden
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HUD Secretary Marica Fudge Announces $35 Million Choice Neighborhoods Implementation Grant During Visit to Camden, NJ

HUD Secretary Marica Fudge Announces $35 Million Choice Neighborhoods Implementation Grant During Visit to Camden, NJ Federal grant will leverage funding to revitalize Ablett Village public housing, Cramer Hill Neighborhood WASHINGTON U.S. Housing and Urban Development (HUD) Secretary Marcia L. Fudge traveled to Camden, New Jersey, to announce a $35 million Choice Neighborhoods Implementation Grant[.] ....

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13 housing projects in Colorado awarded federal 9 percent tax credits

13 housing projects in Colorado awarded federal 9 percent tax credits
Thomas Gounley photo)
Thirteen planned income-restricted housing projects in the state have been awarded federal 9 percent low-income housing tax credits.
The Colorado Housing and Finance Authority (CHFA), which allocates both state and federal housing tax credits in Colorado, released a list this week of the projects. Combined, they will have 882 income-restricted units.
There are two types of federal housing tax credits: 9 percent and 4 percent. The 13 projects were chosen from 25 applications that CHFA received for the 9 percent credits this year.
Developers sell the tax credits to investors to raise equity for their projects, according to CHFA. The equity reduces the amount of debt financing or other funding sources needed to make the development financially feasible with the rent limits required under the programs. ....

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Funding will support construction, rehab of affordable, permanent supportive housing units

Funding will support construction, rehab of affordable, permanent supportive housing units
Published Tuesday, Mar. 2, 2021, 12:01 pm
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Front Page » Government/Politics » Politics2 » Funding will support construction, rehab of affordable, permanent supportive housing units
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Gov. Ralph Northam announced Monday more than $24 million in Affordable and Special Needs Housing loans for 28 projects across the Commonwealth, creating or preserving 1,635 affordable housing units for low-income Virginians.
The funding will help increase access to affordable housing, reduce homelessness, and provide permanent supportive housing options for individuals with intellectual and developmental disabilities. ....

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