Due to supplemental funds provided at the end of FY 2011 for the Massachusetts Rental Voucher Program (MRVP), the Department of Housing and Community Development (DHCD) is lifting the freeze that has restricted the re-issuance of Mobile MRVP vouchers since July of 2008. This will allow for the re-issuance of any Mobile voucher that became available on July 1, 2011 or afterward. The reissuance of Mobile vouchers can occur immediately.
Housing News
August 12, 2011
On August 11th, HUD announced that it would reverse its initial decision and re-open the competitive process in every jurisdiction in which more than one organization applied to be the administrator of Section 8 Housing. Massachusetts is among the 42 jurisdiction that fall into this category.
Please click here to read the letter from HUD making this announcement.
August 11, 2011
Washington, DC -- The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI), seeking input on new options for selling single-family real estate owned (REO) properties held by Fannie Mae and Freddie Mac (the Enterprises), and the Federal Housing Administration (FHA).
August 8, 2011
August 8, 2011
Pew Research Center's Social & Demographic Trends - The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.
Please click here to read the full article.
August 8, 2011
July 18, 2011
The Emergency Homeowners' Loan Program (EHLP) was launched on June 20th by the Obama Administration to provide mortgage relief – up to $50,000 -- to homeowners who are unemployed or underemployed and at risk of foreclosure. The application deadline of July 22nd is fast approaching, and it is imperative to get the word out to clients who qualify for the program. There is funding available to assist approximately 1,250 Commonwealth homeowners, but they must complete a simple pre-application and submit it to an EHLP housing counseling agency by Friday, July 22nd.
July 18, 2011
The Massachusetts Housing Partnership (MHP) is seeking qualified organizations to provide individual, pre-purchase counseling to buyers of multifamily properties.
In January of 2012, MHP is implementing a pre-purchase, individual counseling requirement for buyers of three-family properties. This requirement will be in addition to the pre-purchase homebuyer education requirement.
Please click here to download the RFP document.
July 15, 2011
On Monday, July 11th, Governor Deval Patrick approved the total amount of FY2012 funding that the Legislature appropriated for the Commonwealth’s affordable housing and homelessness prevention programs. Click here to learn more about the funding level of each program.