RIHousing Announces New Funding, Including First-ever Allocation of Housing Trust Fund
RIHousing is pleased to announce the opening of competitive funding rounds for several housing finance programs: the HOME Investment Partnership Program (HOME) and the Housing Trust Fund (HTF), initiatives of the U.S. Department of Housing and Urban Development (HUD); and 2018 Low Income Housing Tax Credits (LIHTC), a program of the U.S. Treasury used in the financing of construction and/or rehabilitation of properties to be used as affordable rental homes in Rhode Island. Click here for more information on the RFPs.
RIHousing Leaders Recognized for Outstanding Contributions
RIHousing raked in the accolades at the annual National Council of State Housing Agencies (NCSHA) conference. Out of more than 115 submissions for awards in 18 categories, the corporation was honored for program innovation in Communications for its spring homebuying campaign, “It’s Time to Buy.”
MaineHousing Lowers Delinquency Rates with RIHousing Subservicing
With the help of Mortgage Servicing Solutions (MSS), a division of RIHousing, the delinquency rate for MaineHousing’s single-family loan portfolio is now under 4% for the first time in almost 20 years. The delinquency rate was reduced by 1.5% between January and June of 2017, the first six months of MaineHousing’s arrangement with MSS.