On October 29, HUD published its proposed regulations for implementing the National Housing Trust Fund (NHTF) in the Federal Register. Comments are due by December 28, 2010. To download a copy of the proposed regulations, click here.
The Housing Trust Fund Project will send out a summary of the proposed regulations later this week.
Reversing a four-year trend of sliding sales, single-family home sales in Massachusetts crept up 3 percent in 2009 from 2008, according to new data from The Warren Group, publisher of Banker & Tradesman.
Median home prices, however, dipped 6.6 percent from 2008 and were almost 20 percent lower than the market peak in 2005.
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Please click here for the NSP Notice on Abandoned and Foreclosed Properties.
Please click here for the NSP2 Notice on Abandoned and Foreclosed Properties.
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.
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Please click here to view the full report.
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.