State Updates
HUD Secretary Lauds Massachusetts Affordable Housing Innovations; Outlines Principles to Promote Multifamily Housing
Housing News
June 20, 2011
Please click here to read New England Housing Network's letter in support of H.R. 2454, The American Clean Energy and Security Act of 2009.
June 20, 2011
Please click here for the full text of Secretary Donovan's speech.
June 20, 2011
Lenders started and completed more foreclosures in Massachusetts during the third quarter than the previous quarter, but foreclosures have declined almost 30 percent year-over-year, according to a new report by The Warren Group.
June 20, 2011
WASHINGTON – As part of its comprehensive plan to stabilize the U.S. housing market, the Obama Administration today announced a new initiative for state and local housing finance agencies (HFAs) that will help support low mortgage rates and expand resources for low and middle income borrowers to purchase or rent homes that are affordable over the long term.
June 20, 2011
GOVERNOR PATRICK ANNOUNCES $50.3 MILLION IN RECOVERY FUNDS TO REVIVE STALLED HOUSING DEVELOPMENTS
U.S. Treasury’s tax credit exchange funds to restart 10 projects, create jobs
June 20, 2011
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan announced today $60 million in housing counseling and counseling training grants to nearly 500 national, state, and local agencies.
Please click here for the full press release.
June 20, 2011
BOSTON – The Community Preservation Act (CPA) trust fund payment distributed this week to 135 eligible municipalities was the lowest since the program began, according to data from the state Department of Revenue (DOR). The FY10 base payment of a 34.8 percent match to locally raised funds is over 65 percent lower than the dollar for dollar match received in the first six years of the CPA program. DOR estimates that the distribution will fall again next fiscal year, likely as low as 28 percent for many communities.
June 20, 2011
Thousands of foreclosed homes continue to have clouded titles after Judge Keith Long of the Massachusetts Land Court reaffirmed his March decision stating lenders without properly accorded assignments cannot foreclose.
Please click here for the full article.
June 20, 2011
Action Alert:
Contact your member of Congress to urge support of Consensus Low Income Housing Tax Credit Proposals