Sales of single-family homes and condominiums in Massachusetts surged by more than 50 percent in November compared to the same month in 2008, according to The Warren Group, publisher of Banker & Tradesman. November was the fifth consecutive month that single-family home sales increased year-over-year and the third straight month that condominium sales rose.
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May 14, 2010 – New York Times carries an editorial explaining the importance of Senator Cantwell’s and Senator Bingaman’s bills to reinvigorate the Low Income Housing Tax Credit (LIHTC) program. This editorial is the result of hard work by Enterprise Community Partners to explain the importance of the A.C.T.I.O.N. (A Call To Invest In Our Neighborhoods) campaign proposals to the NY Times and other media outlets.
Please click here to read the editorial.
Please click here to visit DHCD’s website where you will find a notice on and text of the regulations.
Washington, DC – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and Federal Housing Administration (FHA) Commissioner David H. Stevens today briefed members of the media, industry leaders and congressional Members on the FHA’s financial outlook, in coordination with the agency’s release of its annual independent actuarial study.
The independent study shows that FHA has sustained significant losses from loans made before 2009, and the capital reserve ratio has fallen below the congressionally mandated threshold, but concludes that under most economic scenarios considered FHA’s reserves would remain above zero.
Please click here for the full press release and to access the report.
Dear CHAPA Members:
On behalf of the board and staff, I want to offer my sincere thanks to everyone who worked on the Campaign to Protect the Affordable Housing Law. With your help, we were able to achieve a decisive victory of 58% to 42%, which was the largest margin of any ballot campaign. Over 1.2 million voters and 80% of cities and towns affirmed their support for protecting the affordable housing law for seniors and working families in urban, suburban, and rural communities all across the state. If you’d like to see how your town voted, click here.
We are very proud of the unprecedented grassroots coalition of diverse groups and individuals that rallied together with the affordable housing community. This included representatives from civic, business, labor, religious, municipal, academic, human services, environmental, residents living in affordable housing, civil rights, and many others.
We not only protected the primary tool to create affordable housing in Massachusetts, but we also helped to increase public awareness about who affordable housing helps, what it looks like, and how it contributes to our overall economy.
I look forward to working with everyone to help build on this momentum to achieve new policy gains in affordable housing and community development in the near future.
Thanks once again for all of your support and commitment.
Aaron Gornstein
Executive Director