On February 26, the Department of Housing and Community Development and MassHousing released a Notice of Funding Availability (NOFA) for the third Community Scale Housing Initiative (CSHI) competition. The Initiative provides up to $10 million in funding for projects that include 5-20 rental units, with at least 25% set aside as affordable. The funding consists of $5 million from DHCD’s Housing Stabilization Fund and a $5 million investment from MassHousing’s Opportunity Fund.
February 26, 2019
February 25, 2019
The Department of Housing and Community Development (DHCD) opened the Housing Choice Designation Application for 2019. Applications from communities are due by 3:00 p.m. March 14, 2019. For more information or to access the online application, please click here.
February 21, 2019
On February 20, Mayor Walsh announced more than $26 million in awards for affordable housing developments in Boston from the Community Preservation Fund, the Department of Neighborhood Development, and the Neighborhood Housing Trust. The awards will create and preserve 515 units of housing in 10 developments in Brighton, East Boston, Dorchester, Mattapan, Mission Hill, the North End, and Roxbury.
February 20, 2019
On February 20, HUD announced that it would dramatically reduce the advance notice it provides to public housing authorities (PHAs) and private owners of HUD-subsidized apartment developments for inspections. HUD’s new standard provides PHAs and private owners 14 days’ notice before an inspection, a shift from current notice which can frequently extend up to four months. Read HUD’s notice.
February 19, 2019
During the second week of February, Senate President Karen Spilka and House Speaker Robert DeLeo announced their leadership teams and committee assignments for the 2019-2020 legislative session.
February 15, 2019
Lawmakers in Washington reached a deal to fund the federal government for the remainder of the 2019 fiscal year, which runs until October 1. The President signed the bill today, February 15, after it passed both the Senate and House yesterday evening, February 14, with veto-proof majorities.
February 15, 2019
Mark Calabria was approved by the Senate Banking Committee on a party-line vote (13-12) to advance his nomination to the full Senate for confirmation as Director of the Federal Housing Finance Agency (FHFA). The FHFA Director oversees the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as the Federal Home Loan Bank (FHLB).
February 12, 2019
Check out CHAPA's February 2019 Housing Briefs for state and federal housing updates as well as recent research and reports.
February 11, 2019
Senator Mike Crapo (R-ID), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, released an outline for reform of the housing finance system that would convert Fannie Mae and Freddie Mac into private guarantors of mortgage-backed securities to be sold through a platform operated by Ginnie Mae.
February 6, 2019
The Office of the Comptroller of the Currency (OCC), The Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) recently invited comment on a proposed rule change governing when appraisals are required for certain residential real estate transactions. The proposed rule would increase the threshold level for when appraisals are required from $250,000 to $400,000, meaning transactions at or below $400,000 would not be required to conduct an appraisal.