FHFA Releases Letter on the Status of the Conservatorship of Fannie Mae and Freddie Mac
Washington, DC – On February 2, 2010, Acting Director Edward J. DeMarco sent this letter to Chairmen Frank and Dodd and Ranking Members Bachus and Shelby regarding the conservatorship of Fannie Mae and Freddie Mac.
For the second consecutive month, both year-over-year foreclosure petitions and deeds decreased by double-digit percentages in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman. Foreclosure activity in November reached its lowest levels so far in 2010.
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Please click here to read the final Building Blocks FY’12 budget letter.
To view more information from the American Association of Homes and Services for the Aging, click here.
BOSTON – Monday, November 30, 2009 – Standing with housing and community leaders, Governor Deval Patrick today highlighted a law he signed last week to keep publicly-assisted rental properties affordable and announced the roll-out of a $150 million loan fund leveraged primarily through private dollars to support and secure long-term affordable housing preservation efforts.
“Preserving affordable rental housing keeps our working families strong and our economy strong. By securing and expanding housing opportunities now and over the long-term, we can make a difference in the lives of our neighbors, bolster our communities and maintain Massachusetts on a path toward recovery,” said Governor Patrick.
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Choice Neighborhoods Initiative
HUD has posted a Notice of Funding Availability (NOFA) Pre-Notice to assist potential applicants prepare for an upcoming Choice Neighborhoods competitive funding process. Choice Neighborhoods will support communities that are using place-based solutions to create neighborhoods of opportunity. Choice Neighborhoods funds are intended to transform distressed public and assisted housing into sustainable, mixed-income housing, to support positive outcomes for families in the development and in the neighborhood, and to transform neighborhoods of concentrated poverty into viable, mixed-income neighborhoods with access to key assets and services.
This NOFA Pre-Notice identifies key program elements and outlines the framework of the competition HUD will use to award Fiscal Year 2010 funding. The actual, forthcoming NOFA will contain the selection criteria for awarding Choice Neighborhoods grants and specific requirements that will apply to selected grantees. Potential applicants are advised to monitor HUD’s website for posting of the NOFA later this summer. In Fiscal Year 2010, approximately $62 million is available for implementation grants and approximately $3 million is available for planning grants. The Administration has requested an additional $250 million in Fiscal Year 2011 funding.
The NOFA Pre-Notice and other information on the Choice Neighborhoods program can be found at HUD’s Choice Neighborhoods webpage (www.hud.gov/cn). For questions on the NOFA Pre-Notice, please contact Ms. Caroline Clayton at Caroline.C.Clayton@hud.gov or (202) 402-5461.
For information on future Choice Neighborhoods funding, please see HUD’s FY2011 Budget webpage (http://portal.hud.gov/portal/page/portal/HUD/fy2011budget). For questions on the FY 2011 budget or the Choice Neighborhoods legislation, please contact Bernard Fulton at Bernard.b.fulton@hud.gov.