The Urban Land Institute has released a “Priced Out” report on the presistence of the workforce housing gap in the Boston Metro area.
Please click here to download the report.
Click here to view the slideshow presentation from the report’s announcement event.
Please click here to read the bill text and related documents.
Re: Tax Credit Assistance Program (TCAP) – Round #3 – March 5, 2010
The Department of Housing and Community Development (DHCD) will accept applications from eligible sponsors for Tax Credit Assistance Program (TCAP) funds on or before Friday, March 5, 2010. Interested sponsors should carefully review the Massachusetts Tax Credit Assistance Program (TCAP) Guidelines of June 1, 2009, as amended, to determine whether their projects are eligible for consideration. All applications must be received at DHCD, 100 Cambridge Street, Suite 300, Boston, MA 02114 by the close of business on Friday, March 5, 2010. Applications received at DHCD after the close of business on that date will not be reviewed. Approximately $4.5 to $5 million in TCAP funds will be available during this competition (the Department’s third competition for TCAP funds). Any questions should be directed to the Low Income Housing Tax Credit staff in DHCD’s Division of Housing Development. Sponsors who intend to apply for TCAP funds during the March 5, 2010 competition should immediately contact the tax credit staff to determine whether their projects are eligible for consideration.
Re: Tax Credit Exchange Program (TC-X or Section 1602) – Round #5 – March 5, 2010
The Department of Housing and Community Development (DHCD) will accept applications from eligible sponsors for Tax Credit Exchange(TC-X) funds on or before Friday, March 5, 2010. Interested sponsors should carefully review the Massachusetts Tax Credit Exchange Program Guidelines of August 11, 2009 as amended, to determine whether their projects are eligible for consideration. All applications must be received at DHCD, 100 Cambridge Street, Suite 300, Boston, MA 02114 by the close of business on Friday, March 5, 2010. Applications received at DHCD after the close of business on that date will not be reviewed. A limited amount of exchange funds will be available during this competition (the Department’s fifth exchange competition). Any questions should be directed to the Low Income Housing Tax Credit staff in DHCD’s Division of Housing Development. Sponsors who intend to apply for TC-X funds during the March 5, 2010, competition should immediately contact the tax credit staff to determine whether their projects are eligible for consideration.
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today unveiled the Department’s fiscal year 2011 budget proposal, following President Barack Obama’s presentation of his Administration-wide budget. The HUD budget focuses on fiscal discipline, creating jobs and builds on the administration’s first year accomplishments by proposing reform in HUD’s housing and community development programs to make them more streamlined, efficient, and accountable.
HUD’s budget proposal seeks to make targeted investments in people and places – instead of policies and programs –to effectively support HUD’s mission while being accountable to the American taxpayer. $6.9 billion in projected FHA and Ginnie Mae receipts contribute to the FY 2011 proposed $48.5 billion budget total and to the administration’s deficit reduction plans. Net of the $6.9 billion in projected FHA and Ginnie Mae receipts the Budget proposes overall funding of $41.6 billion, 5% below fiscal year 2010, and makes difficult decisions to cut funding for a number of programs.
Please click here for the full press release from HUD.
Please click here for a budget analysis from the National Low Income Housing Coalition.
Please click here for Enterprise’s summary.
In the wake of the mortgage foreclosure crisis, calls have grown for a national housing policy that more evenly balances homeownership and rental housing. As America “rediscovers” the rental option, one could easily forget that for at least the past several decades one in three U.S. households — or more than 37 million households in 2008 — have been renters. While often overlooked, rental housing makes up a critical segment of the nation’s housing stock, providing a home for families and individuals unable to afford the cost of ownership or whose life circumstances simply make renting a better option.
This brief looks at recent trends among renters and in the rental market, drawing from research conducted with support from the John D. and Catherine T. MacArthur Foundation by the Center for Housing Policy, the Joint Center for Housing Studies of Harvard University, and the National Low Income Housing Coalition.