by iwd Tina | Jun 21, 2011 | Housing News
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.
by iwd Tina | Jun 21, 2011 | Housing News
Please click here to view the full report.
by iwd Tina | Jun 21, 2011 | Housing News
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.
by iwd Tina | Jun 21, 2011 | Housing News
Moving ahead without a completed budget agreement, the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies (T-HUD) approved its FY11 appropriations bill on July 1. The T-HUD Subcommittee bill would provide $46.579 billion in discretionary funds for HUD, over $1 billion more than the President’s request. The bill passed the Subcommittee by a voice vote.
Please click here to read more.
by iwd Tina | Jun 21, 2011 | Housing News
Please click here for the bill text.
Please click here for an analysis of the bill from Enterprise.
by iwd Tina | Jun 21, 2011 | Housing News
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.
