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Citizens' Housing and Planning Association: News

News

Treasury and HUD Release Report on Reforming America's Housing Finance Market - February 11, 2011

The original structure of the U.S. housing finance market was put in place nearly eighty years ago. This report lays out the Obama Administration’s plan to reform America's housing finance market to better serve families and function more safely in a world that has changed dramatically since then.

Please click here to read the report.

HUD Reports 20 Percent Jump in "Worst Case Needs" from 2007 to 2009 - February 2, 2011

WASHINGTON – In a report to Congress released today, the U.S. Department of Housing and Urban Development (HUD) found that “worst case housing needs” grew by nearly 1.2 million households, or more than 20 percent, from 2007 to 2009 and by 42 percent since 2001. “Worst case housing needs” are defined as low-income households who paid more than half their monthly income for rent, lived in severely substandard housing, or both.

HUD reports that 7.1 million households paid more than half their income for rent or lived in substandard housing.

HUD Reports 20 Percent Jump in "Worst Case Needs" from 2007 to 2009 - February 2, 2011

WASHINGTON – In a report to Congress released today, the U.S. Department of Housing and Urban Development (HUD) found that “worst case housing needs” grew by nearly 1.2 million households, or more than 20 percent, from 2007 to 2009 and by 42 percent since 2001. “Worst case housing needs” are defined as low-income households who paid more than half their monthly income for rent, lived in severely substandard housing, or both.

HUD reports that 7.1 million households paid more than half their income for rent or lived in substandard housing.

Housing Briefs - January 28, 2011

State Updates

Governor Patrick Releases FY’12 Budget

On January 26th, Governor Patrick released his FY’12 House One Budget proposal. The majority of affordable housing programs are level funded with some exceptions.

CHAPA Releases 2010 Annual Report - January 28, 2011

Please click here to download CHAPA's 2010 Annual Report.

Powerpoint Presentation by Lizbeth Heyer on State Public Housing - January 21, 2011

Please click here to download Lizbeth Heyer's presentation from CHAPA's January 19th forum on State Public Housing.

More Bay State Residents Lost Homes To Foreclosure In 2010 (Banker & Tradesman) - Janury 21, 2011

The number of completed foreclosures in Massachusetts jumped almost 32 percent in 2010 to 12,233, up from 9,269 in 2009 but did not surpass the record 12,430 foreclosures recorded in 2008, according to the latest report from The Warren Group, publisher of Banker & Tradesman.

The number of foreclosure petitions, meanwhile, declined 14.3 percent to 23,933 last year from 27,928 in 2009.

Please click here to read the entire article.

MA Division of Banks to Hold Hearings on Foreclosure Bill - January 14, 2011

The Division of Banks will hold three public informational hearings in late January to obtain comments on implementing certain provisions of Chapter 258: An Act Relative to Mortgage Foreclosures. Prior to proposing regulations, the Division requests information and comments on the notice of a consumer’s right to cure in advance of foreclosure and provisions relative to reverse mortgage loans.

CHAPA Housing Briefs - January 5, 2011

State Updates

Governor Patrick Signs Homestead Legislation to Protect Homeowners

Legislation updating the Commonwealth’s homestead protections was signed into law last month. Ch. 395 of the Acts of 2010 was spearheaded by the Boston Bar Association, Massachusetts Bar Association and the Real Estate Bar Association and accomplishes the following:

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