On April 22, the Baker-Polito Administration’s Division of Banks (Division) awarded $1.5 million in grants to fund first-time homeownership education programs and foreclosure prevention counseling centers throughout the Commonwealth. A total of 20 awards were made to 10 foreclosure prevention regional centers and 10 consumer counseling organizations.
April 22, 2019
April 17, 2019
On April 10, the House Committee on Ways and Means released its $42.7 billion budget proposal for FY2020. CHAPA thanks Speaker DeLeo, Representative Michlewitz, Chair of the House Committee on Ways and Means, and other members of the Ways and Means Committee for their strong investments in affordable housing, homelessness prevention, and community development programs! Read more about the budget proposal on CHAPA's website.
April 11, 2019
Check out CHAPA's April 2019 Housing Briefs for state and federal housing updates as well as recent research and reports.
April 10, 2019
On April 10, the House Committee on Ways and Means released its FY2020 state budget proposal.The proposal provides increased funding for the Massachusetts Rental Voucher Program, the Alternative Housing Voucher Program, and Public Housing - three of CHAPA's top priorities for affordable housing, homelessness prevention, and community development resources. The budget also proposes an increase to Housing Consumer Education Centers.
Two United States Senators from New England Lead Effort to Ensure Funding for National Housing Trust Fund
April 5, 2019
After a month long delay, the Federal Housing Finance Agency (FHFA) this week announced it is providing $244.86 million to the Housing Trust Fund (HTF) and $131.84 million to the Capital Magnet Fund (CMF). In January, U.S. Senator Jack Reed (D-RI) and Susan Collins (R-ME) sent a letter to FHFA Acting Director Joseph Otting calling on the agency to transfer the funds, as obligated by law.
April 5, 2019
The Internal Revenue Service (IRS) issued guidance this week that a 2008 clarification to the Low Income Housing Tax Credit’s (LIHTC) general public use requirement extends to Private Activity Bond (PAB) funding received by a LIHTC project.
FHL Bank Boston Announces Contributions to the 2019 Affordable Housing Program & Equity Builder Program
April 3, 2019
From Edward A. Hjerpe III, President and CEO of Federal Home Loan Bank of Boston: "I am pleased to announce that Federal Home Loan Bank of Boston will contribute a total of $24.3 million to the 2019 Affordable Housing Program (AHP) and Equity Builder Program (EBP). Of this, $20.7 million will be allocated to the AHP and $3.6 million will be allocated to the EBP. In 2019, individual AHP application limits will be $650,000 in direct subsidy and $1 million in total subsidy, including the AHP advance interest-rate subsidy.
April 1, 2019
We at CHAPA were so pleased to partner with WayFinders earlier this week to present a forum in Springfield, “Who Shapes Local Housing Decision? New Evidence from MA Zoning Meetings”.
March 28, 2019
The Community Economic Development Assistance Corporation (CEDAC) seeks Provider Agencies to administer the Home Modification Loan Program (HMLP) on a regional basis. Providers work directly with HMLP applicants throughout the loan process.
March 18, 2019
Last week the United States House of Representatives passed the Housing Choice Voucher Mobility Demonstration Act of 2019 by a wide bipartisan margin 387-22. This bill enjoyed broad bipartisan support last year too but the Senate did not take the bill up before the end of the session. One of the challenges with starting this demonstration program is funding but The Fiscal Year 2019 Appropriations bill, signed into law a month ago, included $28 million in funding to support the program.