Treasury Department Releases New Guidance on Tax Credit Exchange Program – September 23, 2009
The Treasury Department’s Frequently Asked Questions on the Tax Credit Exchange Program.
CPA Match Hits Record Low – October 14, 2009
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.
Please click here for the full press release.
Governor Patrick Releases Capital Budget; Housing Programs Cut by $23 Million – October 8, 2009
For more detail on the budget cuts, please click here.
Click here for MACDC’s budget analysis.
HUD Secretary Shaun Donovan’s Keynote Speech at the CHAPA Annual Dinner – October 23, 2009
Please click here for the full text of Secretary Donovan’s speech.
Troubled Mortgages Hit Record High (Washington Post) – August 21, 2009
The proportion of homeowners delinquent on their mortgage or in foreclosure rose to its highest levels in at least four decades, according to industry data released Thursday, despite extensive government efforts to help borrowers and signs that the economy is starting to heal.
Please click here for the full story.