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Citizens' Housing and Planning Association: News

In Memoriam

News

New CBPP Report: President's Budget Would Strengthen Voucher Program - April 8, 2010

The Center on Budget and Policy Priorities has issued a new analysis of the Obama Administration’s 2011 budget request for the Housing Choice (Section 8) Voucher program. The President’s budget requests $17.1 billion to renew vouchers in 2011, an increase of $875 million above the 2010 funding level. This amount is likely to be just enough to renew all vouchers in use this year, according to the Center’s preliminary estimates. In contrast, freezing voucher renewal funding at its 2010 level would cause approximately 100,000 low-income families to lose housing assistance.

HUD Issues Notices on NSP Program - April 5, 2010

Please click here for the NSP Notice on Abandoned and Foreclosed Properties.

Please click here for the NSP2 Notice on Abandoned and Foreclosed Properties.

HUD Releases Discussion Draft of Transforming Rental Assistance Initiative - April 2, 2010

In the 2011 budget, HUD proposes to launch a multi-year effort called the Transforming Rental Assistance (TRA) initiative to preserve HUD-funded public and assisted housing, stem the loss of affordable units, enhance housing choice for residents and streamline the administration of HUD’s rental assistance programs. In 2011, the first phase of this initiative would provide $350 million to preserve approximately 300,000 units of public and assisted housing and expand housing choices for families with Housing Choice Vouchers (HCVs).

Mass. Median Home Prices Rise For Third Straight Month; Home Sales Jump Year-Over-Year (Banker & Tradesman) - March 31, 2010

The median price for single-family homes sold in Massachusetts during the month of February jumped 8.4 percent compared to a year earlier, the third consecutive month of year-over-year increases in prices, according to a new report from The Warren Group, publisher of Banker & Tradesman. The uptick in home prices comes as single-family home sales escalated 13.5 percent in February."

DHCD Announces 2010-2014 Consolidated Plan Draft is Available for Public Comment - March 29, 2010

The 2010-2014 Consolidated Plan Draft is now available. Every five years, DHCD is required to produce this plan for HUD detailing how Massachusetts will use the Community Development Block Grant, HOME Investment Partnership, Emergency Shelter Grant, and Housing Opportunities for People with AIDS funding to advance housing and community development goals. This plan sets out goals and strategies for Massachusetts’ housing and community development priorities over the next five years.

U.S. Treasury Announces Housing Program Enhancements to Offer Additional Options for Struggling Homeowners - March 26, 2010

WASHINGTON – Today, as part of its ongoing commitment to continuously improve housing relief efforts, the Administration announced adjustments to the Home Affordable Modification Program (HAMP) and to the Federal Housing Administration (FHA) programs.  These program adjustments will better assist responsible homeowners who have been affected by the economic crisis through no fault of their own.  The program modifications will expand flexibility for mortgage servicers and originators to assist more unemployed homeowners and to help more people who owe more on their mortgage

Mass. Feb. Foreclosure Petitions Up From Jan., Down Year-Over-Year (Banker & Tradesman) - March 25, 2010

The number of foreclosures started by lenders in Massachusetts during the month of February increased 13.2 percent from the prior month but was down 7.5 percent from a year ago, according to The Warren Group, publisher of Banker & Tradesman.

Lenders filed 2,122 petitions to foreclose - which mark the first step in the foreclosure process in Massachusetts - in February, up from 1,874 in January but down from 2,295 in February 2009. A total of 3,996 petitions to foreclose have been filed in the first two months of 2010, a 6.1 percent drop from 4,255 a year earlier.

Housing Briefs - March 18, 2010

State Updates


Housing Committee Advances Foreclosure Relief Legislation

The Joint Committee on Housing favorably advanced An Act Relative to Stabilizing Neighborhoods, S. 1379 and H. 3571. The foreclosure relief bill accomplishes the following:

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