Treasury Department Releases New Guidance on Tax Credit Exchange Program – September 23, 2009
The Treasury Department’s Frequently Asked Questions on the Tax Credit Exchange Program.
CPA Match Hits Record Low – October 14, 2009
BOSTON – The Community Preservation Act (CPA) trust fund payment distributed this week to 135 eligible municipalities was the lowest since the program began, according to data from the state Department of Revenue (DOR). The FY10 base payment of a 34.8 percent match to locally raised funds is over 65 percent lower than the dollar for dollar match received in the first six years of the CPA program. DOR estimates that the distribution will fall again next fiscal year, likely as low as 28 percent for many communities.
Please click here for the full press release.
Governor Patrick Releases Capital Budget; Housing Programs Cut by $23 Million – October 8, 2009
For more detail on the budget cuts, please click here.
Click here for MACDC’s budget analysis.
HUD Secretary Shaun Donovan’s Keynote Speech at the CHAPA Annual Dinner – October 23, 2009
Please click here for the full text of Secretary Donovan’s speech.
Troubled Mortgages Hit Record High (Washington Post) – August 21, 2009
The proportion of homeowners delinquent on their mortgage or in foreclosure rose to its highest levels in at least four decades, according to industry data released Thursday, despite extensive government efforts to help borrowers and signs that the economy is starting to heal.
Please click here for the full story.
Assistant Program Manager Job Opening at CHAPA – August 10, 2009
At the request of municipalities and state agencies, CHAPA serves as a monitoring agent for some mixed-income housing developments in Massachusetts. This involves ensuring that income-eligible low and moderate income households occupy the affordable units, and managing the refinancing and resale of those units.
CHAPA is seeking an Assistant Program Manager to carry out the following responsibilities on a part-time (3 days/week) basis:
- Provide information and referrals (over the phone and in writing) to individuals who have purchased affordable homeownership units.
- Review and process refinance requests from homeowners to determine whether they meet established criteria.
- Coordinate the resale of affordable homeownership units. (CHAPA subcontracts the specific tasks involved in reselling the units with consultants who work directly with the individual seller and prospective new purchaser. The Assistant Program manager oversees their efforts.)
- Maintain a database of homeowners who have purchased affordable units. Obtain executed deed riders from the closing attorneys after the units have been closed.
- Conduct income certifications of prospective buyers for affordable units, and review income certifications of tenants residing in affordable units.
To view the full job description, please click here.