San Francisco Pulls $20 Billion Affordable Housing Bond From November Ballot
In a sudden turn of events, two months after the board of the Bay Area Housing Finance Authority voted to place a $20 billion affordable housing bond on this year's ballot, the board this week unanimously decided to pull the measure from the November ballot. The...
Massachusetts Gov Signs $5.16 Billion Affordable Homes Act
In a historic move this month, Massachusetts signed into law the Affordable Homes Act, investing $5.16 billion in bond authorizations and tax credits to combat the housing crisis across the state. This landmark legislation is the largest investment in housing in the...
$500 Million Allocated Towards NYC’s Affordable Housing Plans
New York is taking another step in tackling the housing crisis as Gov. Kathy Hochul, along with Mayor Eric Adams and New York City Comptroller Brad Lander, recently announced a $500 million investment in the preservation and construction of affordable housing across...
$45.4 Million in Financing from KeyBank Boosts Affordable Housing in Oak Harbor, WA
Shelter Resources, Inc., a Washington-based affordable housing developer, has secured $45.4 million in financing from KeyBank Community Development Lending and Investment for its Camas Flats project in Oak Harbor. This development will offer 81 affordable housing...
Four Wisconsin Tribes Receive $20 Million Grant for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) has recently announced the four Wisconsin tribes that will receive a portion of the $20 million in federal funding to support affordable housing development in their communities. This financial boost comes...
New Colorado Law Gives Local Governments Right of First Refusal For Affordable Housing Properties
A new Colorado law aimed at preserving the affordability of housing went into effect on August 7, 2024. HB24-1175 grants local governments the right of first refusal to purchase existing subsidized housing properties. With the new law, local governments will be given...
FHLB Dallas Launches CANOPY Fund to Boost Affordable Housing and Economic Development
The Community Advancement through New Opportunities and Partnerships Yielding Results (CANOPY) Fund, which will offer low-cost, unsecured loan funds for terms of up to 10 years, has recently been introduced by the Federal Home Loan Bank of Dallas (FHLB Dallas). CANOPY...
Salt Lake City Affordable Housing Project Receives $64.7 Million Financing Package from KeyBank
Blaser Ventures has secured a $64.7 million financing package from KeyBank Community Development Lending and Investment for the construction of Silos Apartments, a high-rise affordable housing project in Salt Lake City, Utah. The package, facilitated by KeyBank,...
After Proposition 123 Approved by Colorado Voters, Governor Announces Awards to Six Affordable Housing Projects
In line with Colorado voters giving the green light to Proposition 123, an affordable housing initiative that allocates 40% of the State Affordable Housing Fund to the Colorado Affordable Housing Support Fund and 60% to the Colorado Affordable Housing Financing Fund...
Pasadena City Council To Review Housing Legislation, Aiming to Boost Affordable Housing Development
As the state tackles its ongoing housing crisis, the Legislative Policy Committee of Pasadena City Council reviews its housing legislation in hopes of boosting affordable housing development and improving its housing policies. Some of the measures included in the...