Housing News

June 20, 2011
The Federal Housing Finance Agency announced a new program designed to greatly reduce preventable foreclosures with a simplified, streamlined loan modification program to get struggling homeowners into mortgages that they can afford. FHFA believes it is an achievable goal if homeowners, banks, mortgage servicers, investors, Fannie Mae and Freddie Mac all work together.  Please click here to view the full press release announcing the program.
June 20, 2011
Citi announced a series of initiatives designed to proactively help potential at-risk borrowers remain current on their payments and ultimately in their homes. Several of these steps build on or expand the industry-leading loss mitigation efforts that Citi has put in place over the past two years.  Please click here to view the full press release.
June 20, 2011
CHAPA Home » CHAPA Comments on Draft State Plan for Neighborhood Stabilization Program - November 10, 2008 Submitted by admin on November 10, 2008 - 5:46pm.
June 20, 2011
The federal Department of Housing and Urban Development (HUD) has awarded $54.8 million from the Housing and Economic Recovery Act (HERA) to Massachusetts and four of its cities.  These NSP funds are to be used primarily for the acquisition and rehabilitation of abandoned and foreclosed properties. The awards amounts are:
June 20, 2011
On September 29, 2008, HUD released a Notice outlining the procedures under which the new Neighborhood Stabilization Program (NSP) for foreclosed or abandoned properties will operate. The Notice is effective immediately. In it, HUD explains that it is treating NSP funds as an FY2008 “special allocation” of Community Development Block Grant (CDBG) funds and specifies the ways in which NSP requirements will and will not differ from CDBG requirements. The Notice also includes a listing of allocations by state and locality nationwide.
June 20, 2011
A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes. A summary of the bill can be viewed here. Please click here to view the full text of the bill.
June 20, 2011
State Updates RFR Released for Regional Network Innovations to End Homelessness The Interagency Council on Housing and Homelessness has released a Request for Response (RFR) to fund six regional networks with a total of $8 million to coordinate regional responses to ending homelessness.
June 20, 2011
HUD’s new Neighborhood Stabilization Program will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring.
June 20, 2011
In this Special Report, knowledgeplex will provide ongoing coverage of the financial crisis and its effect on our economy and our communities. Read the special report here.
June 20, 2011
The Interagency Council on Housing and Homelessness announces a Request for Responses for the Regional Network Innovations to End Homelessness. This initiative offers an exciting opportunity to partner with the Commonwealth to implement innovative strategies that will inform new and emerging statewide housing approaches to ending homelessness. Please click here for the full RFR document.