Housing News

Integrated Mortgage Disclosures under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z) AGENCY: Bureau of Consumer Financial Protection. ACTION: Proposed rule with request for public comment - comments due September 7, 2012  

The Federal Reserve Bank of Boston is encouraging borrowers who were financially harmed in the mortgage foreclosure process in 2009 and 2010 to request an independent review. If the review finds errors in how your foreclosure was handled, you may be eligible to receive compensation. You have until September 30, 2012, to submit your request. Get more information or start the process by visiting www.independentforeclosurereview.com

State Updates Massachusetts Legislature Approves FY2013 Budget, Increases Funding for Several Housing Programs On June 28, 2012 the Massachusetts Legislature finalized its FY’13 budget.  Governor Patrick now has 10 days, excluding Sundays and holidays, to sign the budget and issue vetoes or amendments for budget items he does not approve.

Public Housing and the Patrick-Murray Administration’s Vision Since taking office in 2008, the Patrick-Murray Administration has taken bold and decisive action to protect and strengthen the safety net that state-aided public housing’s 45,600 units provides for our state’s most vulnerable families, seniors and persons with disabilities. The significant gains this Administration has made through substantial funding increases and program innovation laid the foundation for the work of the Commission for Public Housing Sustainability and Reform (“The Commission”).

Click here for a memo on the pre-application from Undersecretary Aaron Gornstein. Please click here to download the pre-application form. Click here to read the final housing development priorities from DHCD.

BOSTON – Monday, June 18, 2012 - The Patrick-Murray Administration’s Department of Housing and Community Development (DHCD) today announced the Housing Development Incentive Program (HDIP), a new state tax-credit program to spur market-rate housing development in the Commonwealth’s 24 Gateway Cities.

46 communities receive funding for housing and infrastructure upgrades, child care and public service programs DENNIS – Tuesday, June 12, 2012 – Governor Deval Patrick today announced that 46 cities and towns across the Commonwealth will receive $26.8 million in federal Community Development Block Grants (CDBG) to support housing rehabilitation, public service projects and local infrastructure. Governor Patrick made the announcement at Dennis Town Hall. Dennis, jointly with Harwich, received $994,000 for housing improvements and childcare assistance.

The Administration for Children and Families (ACF) at DHHS has released a Funding Opportunity Announcement to demonstrate the effectiveness of supportive housing models for homeless families.  The initiative includes a public-private partnership component, with four national foundations teaming up to provide support for technical assistance and evaluation.  The aim is to help identify high needs families earlier and provide targeted services that can reduce child welfare system involvement and increase housing stability and employment.

Please click here to download the New England Housing Network's 2012 Housing priorities document.

State Updates Senate Ways and Means Committee Releases FY2013 Budget; Senate to Begin Budget Debate on May 23 The Senate Committee on Ways and Means (SWM) released its FY’13 budget proposal on May 16th and Senators had until Friday, May 18th to file amendments to the state spending bill.  Here are some of the highlights: