Bay State Foreclosure Petitions Drop In January (Banker & Tradesman) – March 2, 2010

by | Jun 21, 2011 | Housing News

The number of foreclosures started by lenders in Massachusetts during the month of January dropped to the lowest level in more than a year, according to a new report by The Warren Group, publisher of Banker & Tradesman.

Lenders filed 1,874 petitions to foreclose – which mark the first step in the foreclosure process in Massachusetts – in January, a 9 percent decrease from 2,060 in December and 4.4 percent drop from a year earlier. Foreclosure petitions exceeded 2,000 for most months in 2009, falling below that number only in January and November.

Please click here for the full article.

August Bay State Foreclosure Petitions Reach Highest Level In A Year (Banker & Tradesman) – September 23, 2010

by | Jun 21, 2011 | Housing News

Foreclosure petitions reached the highest number in more than a year in August, while foreclosure deeds increased for the eighth straight month in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman.

Foreclosure petitions – the first step in the foreclosure process in Massachusetts – jumped to 2,713 in August, a 13.23 percent increase from a year ago, when there were 2,396 starts. Foreclosure petitions were also up in August from the 2,307 starts recorded a month ago. A total of 18,358 foreclosure petitions have been recorded so far this year, a slight decrease from the 19,108 recorded during the same period in 2009.

Please click here to read the full article.

DHCD Announces TCAP and Tax Credit Exchange Funding Round – February 22, 2010

by | Jun 21, 2011 | Housing News

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.