On December 17, Governor Baker signed most parts of the FY2019 supplemental budget to closeout fiscal year 2019.
December 17, 2019
December 12, 2019
On December 12, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a proposal for new Community Reinvestment Act (CRA) regulations. The proposal would overhaul: CRA assessment boundaries; criteria for eligible CRA activities; and how banks are scored overall for their performance. A notice of proposed rulemaking is expected to be published in the Federal Register soon with a 60-day public comment period.
December 12, 2019
The Legislature passed the final FY2019 supplemental budget H.4246 in the final hours of Dec 11 to spend the $1 billion budget surplus. The House-Senate Conference Committee agreed upon a $541 million spending bill with $587 million to be deposited into reserves for a "rainy day fund". The budget bill now moves to Gov. Charlie Baker's desk for his review.
November 7, 2019
Check out CHAPA's November 2019 Housing Briefs for state and federal housing updates as well as recent research and reports. This month features:
November 6, 2019
On October 31, 2019, The Department of Housing and Community Development (DHCD) posted Revised Guidelines for Calculating General Land Area Minimum (GLAM). DHCD's proposed revisions to the GLAM Guidelines are relative to the Group Homes Acreage Calculation. The revisions are red-lined in the online document. For the revised Guidelines, click here.
STATE BUDGET ACTION ALERT! Contact House & Senate about Including Funding for Down Payment Assistance!
October 30, 2019
As the Legislature finalizes the FY2019 supplemental budget, please contact leaders in the House and Senate to ask them to include critical funding for down payment assistance for low- and moderate-income first time home buyers!
October 28, 2019
October 28, 2019 - CHAPA urges the Legislature to swiftly pass H.3507, An Act to promote housing choices, in time for spring Town Meetings so that cities and towns can immediately start planning for zoning changes that will allow for more housing.
October 25, 2019
On October 24, 2019, the State Senate concluded debate on its FY2019 Supplemental Budget, S.2386, which closes out the FY2019 budget, which ended with a large revenue surplus. The House passed its supplemental budget on October 17. For information on the House budget, click here.
Action Alert: Ask Your State Senator to Support Down Payment Assistance and Lead Poisoning Prevention Programs in the Supplemental Budget!
October 24, 2019
On October 21st, the Senate Committee on Ways and Means released its $771 million state supplemental budget proposal (S.2378) to close the books on FY19 budget.
October 18, 2019
On October 18, 2019, CHAPA submitted comments to the U.S. Department of Housing and Urban Development (HUD) opposing changes to the disparate impact standard. For a copy of CHAPA's comments, click here.