Washington Post - The Senate voted Wednesday to renew the government's $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits.
For the first time, the tax credit program would also enable many homeowners who buy a new primary residence to receive a $6,500 refund.
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Housing News
June 20, 2011
New York Times - It could be yet another opportunity for Goldman Sachs to come out a winner from the financial crisis that it helped create, but the
June 20, 2011
For list of cuts click here.
To review Governor’s companion legislation to implement additional recommendations click here.
June 20, 2011
WASHINGTON, DC – Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.
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June 20, 2011
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Click here to view a section by section summary of the expiring use bill.
Click here to read CHAPA press release.
June 20, 2011
WBUR
“Report: Housing In Boston Less Affordable Than Ever”
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Barry Bluestone, dean of Public Policy and Urban Affairs at Northeastern University and co-author of the Boston Foundation’s 2009 housing report card which was released Monday, reveals that a spike in foreclosures has driven up demand for rental housing and pushed up prices. Rents were up 11 percent this spring compared to the second quarter of 2005.
June 20, 2011
State Updates
HUD Secretary Lauds Massachusetts Affordable Housing Innovations; Outlines Principles to Promote Multifamily Housing
June 20, 2011
Please click here to read New England Housing Network's letter in support of H.R. 2454, The American Clean Energy and Security Act of 2009.
June 20, 2011
Please click here for the full text of Secretary Donovan's speech.
June 20, 2011
Lenders started and completed more foreclosures in Massachusetts during the third quarter than the previous quarter, but foreclosures have declined almost 30 percent year-over-year, according to a new report by The Warren Group.