HUD Issues Notices on NSP Program – April 5, 2010
Please click here for the NSP Notice on Abandoned and Foreclosed Properties.
Please click here for the NSP2 Notice on Abandoned and Foreclosed Properties.
Bay State Foreclosure Deeds, Petitions Decline In October (Banker & Tradesman) – November 18, 2010
For the first time this year, both year-over-year foreclosure petitions and deeds decreased in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman.
Foreclosure petitions – the first step in the foreclosure process in Massachusetts – dropped to 1,127 in October, a near 51 percent decrease from 2,296 in October 2009. This is the first month since January that foreclosure petitions have dropped below 2,000. A total of 22,091 foreclosure petitions have been filed so far this year, compared to 23,931 for the same period last year.
Please click here to read the full article.
Congress Passes FY2010 HUD Appropriations Bill – December 14, 2009
Please click here for the bill text.
Please click here for an analysis of the bill from Enterprise.
HUD Releases Discussion Draft of Transforming Rental Assistance Initiative – April 2, 2010
In the 2011 budget, HUD proposes to launch a multi-year effort called the Transforming Rental Assistance (TRA) initiative to preserve HUD-funded public and assisted housing, stem the loss of affordable units, enhance housing choice for residents and streamline the administration of HUD’s rental assistance programs. In 2011, the first phase of this initiative would provide $350 million to preserve approximately 300,000 units of public and assisted housing and expand housing choices for families with Housing Choice Vouchers (HCVs). Later this spring, HUD will submit proposed legislation to the Congress to authorize this voluntary conversion of properties to long-term property-based Section 8 rental assistance, and to make other changes to HUD’s programs to advance the streamlining goals of TRA.
Please click here to read the full discussion draft.
MHP releases New Foreclosure Monitor: Data shows market appetite for 3-families – June 18, 2010
Please click here to view the full report.
DHCD Announces Rental Housing Awards – June 22, 2010
BOSTON – Monday, June 21, 2010 – As part of the Patrick-Murray Administration’s ongoing commitment to boost affordable housing production, create jobs and foster economic growth, Governor Deval Patrick today pledged more than $189.9 million in resources leveraged from various affordable housing programs and private investment to support the construction of 32 rental developments in 19 communities across the state which will yield an estimated 2,400 construction jobs.
Please click here to read the full press release.