Proposals to Cut Domestic Programs Threaten Loss of Housing Assistance to Low Income Families (CBPP) – December 2, 2010

by | Jun 21, 2011 | Housing News

The full House of Representatives and the Senate Committee on Appropriations have approved bills that would provide adequate funding in 2011 to renew all Housing Choice (“Section 8”) vouchers used by low-income families this year, according to Center analysis. If final appropriations legislation were to fund the voucher program at the midpoint between the House and Senate bills, it would provide $19.3 billion for housing vouchers, including $17 billion for voucher renewals.

However, several proposals to reduce overall funding for nondefense discretionary programs in the final appropriations bills for fiscal year 2011 threaten cuts in voucher funding that could cause tens of thousands of low-income families to lose rental assistance.

To read the full report by the Center on Budget and Policy Priorities, click here.

Bay State Home, Condo Prices Jump In January As Sales Volume Continues To Rise – February 23, 2010

by | Jun 21, 2011 | Housing News

Median prices for single-family homes and condominiums in Massachusetts jumped significantly in January compared to a year earlier, according to a report released today by The Warren Group, publisher of Banker & Tradesman.

The median price for single-family homes sold in January rose 9.6 percent to $285,000 from $260,000. It was the second consecutive month that median prices for single-family homes increased by about 10 percent when compared to the prior year. Sales of single-family homes jumped 11.8 percent to 2,153 from 1,926 in January 2009, posting the fourth consecutive month of double-digit percentage increases in single-family home sales.

Please click here for the full article from Banker & Tradesman.