Congressman Frank filed The TARP for Main Street bill (HR 3068) the last week in June, which calls for funding for NSP 3, among other things. A brief summary is below:
TARP for Main Street Bill
Housing News
June 20, 2011
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. Under authorization provided by the Federal Housing Finance Agency, borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.
June 20, 2011
On June 29 , the Governor signed a $27.046 billion FY 2010 budget. The Governor vetoed $364 million from the Legislature’s Budget, of which $217 million is a technical change until county corrections reform legislation is signed into law and $147 million are line-item spending reductions. The Governor announced that he plans on filing a supplemental budget in the approximate amount of these spending reductions to meet unmet needs of state government not included in the Legislature’s FY 2010 budget.
June 20, 2011
Please click here to read the full final report.
Mass.gov has additional information here.
June 20, 2011
The June 23rd Housing Briefs incorrectly summarized Outside Section 142 as requiring the Department of Transitional Assistance (DTA) to continue to process shelter applications until the Department of Housing and Community Development (DHCD) files an operational plan to do with the legislature.
June 20, 2011
State Updates
Legislature Enacts FY 2010 Budget; Cuts Housing Programs by 14%
June 20, 2011
Please click here to read full test of the draft legislation.
June 20, 2011
Please click here to view CHAPA's budget analysis.
June 20, 2011
Please click here to view the final report.
June 20, 2011
BOSTON – At a State House press event today, Citizens’ Housing and Planning Association (CHAPA) released a briefing paper entitled, The Massachusetts Rental Voucher Program, Maintaining the State’s Primary Homelessness Prevention Tool. The report documents the program as a cost-effective tool to maintain housing for extremely low income families and individuals, and highlights the potential increase in homelessness and the subsequent increased costs to the Commonwealth if the program is cut.