December 15, 2010 – Agencies Expand Scope of Community Reinvestment Act Regulations to Encourage Support for HUD Neighborhood Stabilization Program Activities
The federal bank and thrift regulatory agencies today announced changes to Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels.
To view the full press release click here.
Please click here to download a copy of the plan.
Washington, DC – On May 28th, the House of Representatives passed H.R. 4213, the American Jobs and Closing Tax Loopholes Act, legislation that would provide vital tax cuts and support for American workers while also investing in American jobs through tax relief for businesses and investments in infrastructure.Please click here to read the full press release.
From HousingPolicy.org – Older adults face an array of housing challenges. Many live in homes that lack accessibility features, are unaffordable or energy inefficient, or are located far from important destinations and amenities. Others need various kind of assistance to maintain their independence and autonomy but cannot afford the supportive services that would allow them to age successfully in a residential environment.
This toolkit provides a detailed exploration of these and other challenges facing older adults and describes a range of promising policies that some communities are adopting to address them.
The Massachusetts Department of Housing and Community Development (DHCD) has elected to schedule public hearing to solicit comments on the 2010 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit (LIHTC). The hearing will be held at 10:00a.m. on December 22, 2009, in second floor conference rooms 2C & 2D, 100 Cambridge Street, Boston, MA, 02114.
Please click here for the full memo announcing the hearing.
Click here to read the draft of the QAP.
Sales of single-family homes and condominiums in Massachusetts increased by double-digit percentages in October year-over-year, according to a new report by The Warren Group, publisher of Banker & Tradesman. It was the fourth consecutive month that single-family home sales climbed and the second straight month of increases for condo sales.
But while sales volume rose, median prices for both single-family homes and condominiums statewide slipped from year-ago levels.
Please click here for the full article.