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Citizens' Housing and Planning Association: News

In Memoriam

News

CHAPA Releases Gubernatorial Candidates Policy Paper - September 27, 2010

Solving the affordable housing crisis in Massachusettsrequires strong executive leadership that keeps affordable housing a top public policy priority. It also requires multiple strategies that meet a range of needs through both new production and preservation of existing rental and ownership housing for low and moderate income families and individuals, as well as establishing channels to facilitate the production of housing for all income levels.

In this policy paper, CHAPA recommends the following housing policy strategies to gubernatorial candidates:

August Bay State Foreclosure Petitions Reach Highest Level In A Year (Banker & Tradesman) - September 23, 2010

Foreclosure petitions reached the highest number in more than a year in August, while foreclosure deeds increased for the eighth straight month in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman.

Economic Contributions of Housing Permitted through Chapter 40B (UMass Donahue Institute) - September 15, 2010

BOSTON, MA – September 15, 2010 – The affordable housing law has been a boon to the Massachusetts economy, according to a new study released today by the University of Massachusetts Donahue Institute. In the last decade, nearly 22,000 homes have been built under the affordable housing law, also known as Chapter 40B. These homes have resulted in a total of 47,700 jobs and $9.25 billion in economic activity, according to the study.

To read the full press release, click here.

Facts At A Glance: Jobs and the Massachusetts Economy on Labor Day 2010 (MassBudget) - September 7, 2010

According to the Massachusetts Budget and Policy Center, Labor Day 2010 will be a challenging day for working people across America. The nation is in the third year of a terrible economic crisis, one that has claimed a larger percentage of US jobs than any other recession since the Great Depression. Adding to the pain, at 31 months since the latest recession officially began, the US now has regained a far smaller share of those jobs than in past recessions.

Bay State Foreclosure Deeds Continue To Climb In July; Petitions Drop 20 Percent (Banker & Tradesman) - August 31, 2010

More than 1,200 foreclosures were recorded in Massachusetts in July, a near 80 percent increase from the same month in 2009, while foreclosure petitions decreased by more than 20 percent, according to The Warren Group, publisher of Banker & Tradesman.

HUD Scorecard Released - August 24, 2010

The Administration’s goal is to promote stability for both the housing market and homeowners. To meet these objectives in the context of a very challenging market, the Administration developed a broad approach implementing state and local housing agency initiatives, tax credits for homebuyers, neighborhood stabilization and community development programs, mortgage modifications and refinancing, continued Federal Housing Administration (FHA) engagement, and support for Fannie Mae and Freddie Mac.

Building Blocks Letter on MA Supplemental Budget Request - August 18, 2010

Click here to read the letter from the Building Blocks Coalition.

Governor Patrick Signs Foreclosure Bill - August 12, 2010

Law expands aid for homeowners facing foreclosure, creates new protections for renters in foreclosed buildings

Division of Banks Releases Q&A on New Foreclosure Legislation - August 10, 2010

On Saturday, August 7, 2010, Governor Patrick signed into Law An Act Relative To Mortgage Foreclosures (the “Act”) as Chapter 258 of the Acts of 2010. The Act has fourteen SECTIONS which address six separate and distinct purposes relating to foreclosures and mortgages. SECTION 7 of the Act completely rewrites the 90-Day Notice of Right To Cure A Default law that was passed in 2007. It does so by striking out the existing provisions of section 35A of Chapter 244 of the General Laws and inserting a new section 35A (“Section 35A”).

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