WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today unveiled HUD’s fiscal year 2013 budget proposal. Titled Housing and Communities Built to Last, the budget reflects the President’s vision of an America that can draw strength from its vibrant communities and momentum from a robust housing market.  Read HUD’s proposed FY 2013 budget.

Washington, DC – The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases.

Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods to accelerate the housing market recovery and improve our overall economy.

The Massachusetts final statewide total CDBG allocation is $88.97 million and the final statewide HOME allocation $25.133 million. Please click here to view specific allocations on HUD's website.