May 4, 2009 - HUD and the Treasury Department released guidance on TCAP and the exchange program today.
Treasury press release
Treasury Application information
HUD Press release
HUD Home page on TCAP implementation
Housing News
June 20, 2011
June 20, 2011
Under NSP2, HUD allocated $1.93 billion on a competitive basis to states, local governments, and non profit organizations. The program objectives and eligible uses did not change under the Recovery Act, but the allocation process and some regulations on the funds have changed. The deadline to apply for NSP2 funding is July 17, 2009. See NSP2 NOFA for details.
June 20, 2011
Economic activity in Massachusetts is estimated to have declined at a 4.2 percent annualized rate in the first quarter of 2009, according to the MassBenchmarks Current Economic Index. The US Bureau of Economic Analysis reported today that the national economy declined at an estimated annual rate of 6.1 percent during the same period.
Please click here for the full MassBenchmarks bulletin.
June 20, 2011
WASHINGTON – The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes. Please click here to view the full press release.
June 20, 2011
BOSTON – April 24, 2009 – As part of his Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced today that the latest series of free “Opportunity Knocks’’ regional homebuyer fairs and open houses to promote affordable homeownership opportunities in Massachusetts will held on Saturday, May 2, and Saturday, May 9, at 10 shopping malls across Massachusetts.
Please click here to view the full press release.
June 20, 2011
Please click here to read CHAPA's letter to Chairman of the House Committee on Ways and Means, Charles Murphy, supporting amendments to the FY' 10 House Ways and Means budget.
June 20, 2011
In this progress report, the Commission begins to outline strategies that remove barriers to asset building and aid families in acquiring and maintaining assets. The administrative and legislative actions already put into motion will make significant strides toward greater financial stability for low and moderate income families.
Link to report: http://www.mass.gov/Ehed/docs/dhcd/adc/progressreport.pdf
June 20, 2011
State Updates
House Committee on Ways and Means Releases FY ’10 budget
June 20, 2011
Please click here to view the FY2010 House Ways and Means Budget for Housing Programs.
June 20, 2011
The budget released by the House Committee on Ways and Means would cut the Massachusetts Rental Voucher Program (MRVP) by 45 percent from $33,047,000 appropriated in FY’09 to 17,997,061 proposed in FY’10. MRVP assists 5,200 low income households with rental assistance. The average income of households served by this program is less than $11,000. Almost all (79%) households are extremely low income and many have incomes below 15% of area median. About 2,300 of these households include children under 18.