For more detail on the budget cuts, please click here.
Click here for MACDC's budget analysis.
Housing News
June 20, 2011
June 20, 2011
Please click here for to read the letter.
June 20, 2011
MACDC has released the Funding Application from the MA Division of Banks 2010 funding for Regional Foreclosure Education Centers and Foreclosure Prevention, and First-Time Homebuyer Counseling Programs. Grants are for one year, starting in January. Applications are due on October 30 and inquiries are being accepted until October 20th. Questions about the application should be directed to Mayte Rivera at the DOB.
Please click here for the application.
June 20, 2011
From Enterprise Community Partners - On September 30, President Obama signed into law a conference report that contains the continuing resolution to fund most of the federal government until October 31. The resolution was included as part of the FY 2010 Legislative Branch Appropriations Act (HR 2918) which passed the Senate earlier that day by a vote of 62-38, previously by the House on September 25. The Continuing Resolution (CR) provides funding for government activities at FY 2009 levels.
June 20, 2011
The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effort to cleanse financial firms of their toxic assets, and a $35 billion plan to prop up state programs that help lower-income borrowers get affordable mortgages.
Please click here for the full article.
June 20, 2011
Massachusetts home sales rose for the second consecutive month, climbing 2 percent in August year-over-year, but condominium sales continued to slump, according to a new report from The Warren Group.
Please click here for the full article.
June 20, 2011
State Updates
State Affordable Housing Budget Uncertain
The Commonwealth’s FY 2010 affordable housing budget is still unclear. In June, the Legislature appropriated $65.3 million for Public Housing Operating Subsidies, $32.5 million (including $2.5 million from MassHousing) for the Massachusetts Rental Voucher Program (MRVP), $5 million for Residential Assistance for Families in Transition (RAFT), and eliminated funds for the SoftSecond Loan Program.
June 20, 2011
A State guidebook on lobbying can be found here.
Please click here for FAQs for lobbyists.
June 20, 2011
The Treasury Department's Frequently Asked Questions on the Tax Credit Exchange Program.
June 20, 2011
Today, the U.S. Census Bureau released its annual update of state-level data on household income from the American Community Survey (ACS). This data shows no statistically significant change in median household income –- a common barometer of how the typical household is faring –- in Massachusetts between 2007 and 2008. Please click here for more details.