JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Today the District of Columbia Housing Finance Agency (DCHFA) takes its multifamily financing process completely online with the launch of the new Multi-Family Lending Application. “We developed this application to make it easier for developers to do business with the Agency to increase the production of affordable housing in the District of Columbia,” stated Todd A. Lee, Executive Director of DCHFA, “This is the first in a series of innovations in affordable housing finance that the Agency will deliver over the next 12 months. The goal of these innovations is to support the creation and preservation of even more housing in the District.” DCHFA created the Multi-Family Lending Application to streamline the borrowing process, reduce the burden of physical submission and expedite the analysis for funding development projects. The application will accommodate requests for both tax exempt bonds (four percent low income housing tax credit) and McKinney Act Loans.
|
||||||
In Fiscal Year 2016, DCHFA issued $294,735,000 in bond financing for the creation and preservation of 2,090 affordable housing units in Wards 1, 2, 4,5,6,7 and 8 of the District. In addition to the tax exempt financing, DCHFA underwrote $188,982,442 in four percent low income housing tax credit equity to finance in these projects.
Through its Multifamily Lending and Neighborhood Investment division, DCHFA issues tax-exempt mortgage revenue bonds to finance the costs of acquiring, constructing and rehabilitating rental housing. The Agency offers private for-profit and non-profit developers low cost predevelopment, construction and permanent financing that supports the new construction, acquisition, and rehabilitation of affordable rental housing in the District.
The District of Columbia Housing Finance Agency was established in 1979 to stimulate and expand homeownership and rental housing opportunities in Washington, D.C. We accomplish our mission by offering below market rate mortgage loans to lower the homebuyers’ costs of purchasing homes and by issuing mortgage revenue bonds to lower the developers’ costs of acquiring, constructing and rehabilitating rental housing.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4a4e4250-fed1-4ff6-8735-e826914c030d
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/057ca2a2-c869-487d-8079-8ec4140dd30f
Yolanda McCutchen DC Housing Finance Agency 202-777-1650 [email protected]
