Public housing in the United States

Paragon Mortgage Provides $53.4 Million New Construction Loan for Multifamily Property in Colorado Springs, CO

Retrieved on: 
Tuesday, July 27, 2021

Paragon Mortgage recently provided a $53.4 million new construction HUD 221(d)(4) loan for a 236-unit multifamily project in Colorado Springs, CO - in an entertainment district anchored by the Broadmoor World Arena - a vibrant multifamily real estate market.

Key Points: 
  • Paragon Mortgage recently provided a $53.4 million new construction HUD 221(d)(4) loan for a 236-unit multifamily project in Colorado Springs, CO - in an entertainment district anchored by the Broadmoor World Arena - a vibrant multifamily real estate market.
  • View the full release here: https://www.businesswire.com/news/home/20210727005351/en/
    Paragon Mortgage Arranges $53.4M HUD 221(d)(4) New Construction Loan for Eldorado Springs Apartments in Colorado Springs, CO (Graphic: Business Wire)
    This HUD-insured financing provides for a combined construction and permanent loan for Market Rate multifamily projects.
  • Paragon Mortgage Corporation is an FHA, HUD MAP and LEAN approved mortgage lender solely focused on HUD-insured financing for over 34 years.
  • Paragon Mortgage specializes in FHA Insurance loans for a variety of project types Refinancing and Acquisition financing for market rate, affordable Multi-Family and Healthcare.

DHA, Housing Solutions for North Texas Has Approved More Than 1,000 Dallas Families for the Emergency Rental Assistance Program

Retrieved on: 
Monday, July 19, 2021

DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.

Key Points: 
  • DHA, Housing Solutions for North Texas (DHA) announced today in the first six weeks of the initiative the agency has approved more than 1,000 eligible Dallas families for assistance through the Emergency Rental Assistance Program, which equates to a commitment of over $7.3 million in rent payments.
  • Through the program, DHA is able to provide up to 12 months of rent assistance to applicants and landlords.
  • Applicants should have a housing income at or below 80 percent of the median income for the City of Dallas.
  • For more information and to apply, visit: https://dallasrentrelief.com/
    DHA, Housing Solutions for North Texas provides quality, affordable housing to low-income families and individuals through the effective and efficient administration of housing assistance programs.

Dwight Capital Closes Q2 2021 with $234.15 MM in Seniors & Healthcare Financings

Retrieved on: 
Monday, July 19, 2021

Dwight Capital financed $234.15 MM in seniors and healthcare financings during Q2 2021.

Key Points: 
  • Dwight Capital financed $234.15 MM in seniors and healthcare financings during Q2 2021.
  • Dwight closed a $94.3 MM HUD loan for The Village at Gainesville , a 651-bed senior living community located in Gainesville, FL.
  • Dwight also provided financing for these senior living communities in Q2 2021:
    $56 MM bridge refinance for a 1,550-bed portfolio of eight skilled nursing facilities (SNFs) located across Illinois.
  • For more information about Dwight Capital, please visit: www.dwightcapital.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210719005091/en/

CMHA announces record-setting $134 million effort to provide more affordable housing opportunities for Columbus-area elderly, people with disabilities and low-income households

Retrieved on: 
Tuesday, June 29, 2021

To qualify, households must meet income requirements set by the U.S. Department of Housing and Urban Development (HUD).

Key Points: 
  • To qualify, households must meet income requirements set by the U.S. Department of Housing and Urban Development (HUD).
  • In total, over the life of the 20-year PBV contracts, CMHA will provide the six recipients approximately $134 million in federal funding to commit to offering more affordable housing in Greater Columbus.
  • About CMHA: CMHA helps people access affordable housing through collaborative partnerships, promote neighborhood revitalization and assist residents in accessing needed social services.
  • Half of the authority's apartments are set aside as workforce housing for families earning 80% of the area median income.

Media Advisory: Visiquest Properties LLC Announces Revitalization and New Construction of 59 EVERGREEN APARTMENTS

Retrieved on: 
Wednesday, June 23, 2021

Visiquest Properties, a real estate investment and development company, and Paragon Mortgage are pleased to announce the recent closing on an $18.6M FHA/HUD 221(d)(4) Multi-Family new construction loan for 59 EVERGREEN APARTMENTS in Glendale, AZ.

Key Points: 
  • Visiquest Properties, a real estate investment and development company, and Paragon Mortgage are pleased to announce the recent closing on an $18.6M FHA/HUD 221(d)(4) Multi-Family new construction loan for 59 EVERGREEN APARTMENTS in Glendale, AZ.
  • View the full release here: https://www.businesswire.com/news/home/20210623005207/en/
    In 2018, Visiquest Properties bought the land, amended the plat to consolidate the 70 vacant lots into a single lot.
  • This created a clean slate allowing the R-4 zoned land to be developed into 96 two-story garden apartments.
  • It is because of their continued efforts, confidence and faith that we were successful in getting this 3-year project across the finish line, said Joel Broder, CEO of Visiquest Properties, LLC.

Property Inspect Automates HUD's Housing Quality Standards (HQS) Reporting Processes for US Municipalities

Retrieved on: 
Friday, June 18, 2021

The Choice affordable Housing Act Bill aims to streamline some of the processes including inspections, making it more desirable for landlords to enter the program.

Key Points: 
  • The Choice affordable Housing Act Bill aims to streamline some of the processes including inspections, making it more desirable for landlords to enter the program.
  • For the Housing Choice Voucher program, HUD requires the housing quality standards (HQS) inspection to be performed for all properties and units.
  • Property Inspect has enabled Arlington to drive these efficiencies by utilising their inspection app and custom templates designed around the HUD process.
  • Working with an increasing number of municipalities across the US; Property Inspect will help you to improve and streamline your property reporting processes.

A Safe Haven Presents Informational Session About New Rauner Family Veteran Apartments

Retrieved on: 
Monday, June 14, 2021

"A Safe Haven Foundation provides a full and complete solution to prevent and end homelessness for over 700 veterans annually.

Key Points: 
  • "A Safe Haven Foundation provides a full and complete solution to prevent and end homelessness for over 700 veterans annually.
  • At the event, we also want to show the audience a veteran who has been helped by the services of A Safe Haven and is leading a life of independence.
  • The apartments will be made available to low-income, senior and disabled military veterans who are referred to A Safe Haven by the local US Veteran Administration offices.
  • A Safe Haven Foundation has been proud to have been named a HUD Envision Center and a DOL VetHire Gold Medallion employer.

Global Automotive Head-Up Display (HUD) Market Report 2021 with Focus on Bosch, Continental, Panasonic, Denso, Visteon, Nippon, Pioneer, Yazaki, Garmin, LG Display - ResearchAndMarkets.com

Retrieved on: 
Friday, June 11, 2021

The "Automotive Head-Up Display (HUD) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Head-Up Display (HUD) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Conventional HUD, one of the segments analyzed in the report, is projected to record 27.6% CAGR and reach US$2.8 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $251.9 Million, While China is Forecast to Grow at 27.7% CAGR
    The Automotive Head-Up Display (HUD) market in the U.S. is estimated at US$251.9 Million in the year 2020.
  • Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.5% and 24.4% respectively over the 2020-2027 period.

PetScreening Closes $3 Million in Series A Funding

Retrieved on: 
Thursday, June 10, 2021

The other firms were part of PetScreening's Series Seed funding.

Key Points: 
  • The other firms were part of PetScreening's Series Seed funding.
  • The funding has already enabled the company to hire James Jenkins as associate legal counsel and Andrew Hartman as chief growth officer.
  • Via the PetScreening platform, a rental applicant enters information about their pets into the only centralized pet-screening database to analyze rental housing-related risk.
  • PetScreening streamlines the assistance animal accommodation request review process while following HUD guidelines, and it helps limit unauthorized pets.

Following Tenure as Deputy Secretary of HUD, Brian Montgomery Rejoins Radian Board

Retrieved on: 
Tuesday, June 8, 2021

Radian Group Inc. (NYSE:RDN) today announced that Brian D. Montgomery has rejoined its Board of Directors following the completion of his second tenure at the U.S. Department of Housing & Urban Development (HUD), most recently serving as the Deputy Secretary of HUD.

Key Points: 
  • Radian Group Inc. (NYSE:RDN) today announced that Brian D. Montgomery has rejoined its Board of Directors following the completion of his second tenure at the U.S. Department of Housing & Urban Development (HUD), most recently serving as the Deputy Secretary of HUD.
  • A highly distinguished public servant, prior to his most recent role as Deputy Secretary, Montgomery served as FHA Commissioner from 2005 to 2009 and from 2018 to 2020.
  • We are delighted to welcome Brian back to Radians Board of Directors, and we congratulate him on completing his second tenure at HUD, said Herb Wender, Radians Chairman.
  • On June 7, 2020, Radians Board increased the size of the board to eleven and appointed Montgomery to serve a new term.