CHAPA and FHLBB Launch Affordable Housing Development Competition for 2009 – December 22, 2008

Now in its ninth year, the Greater Boston Affordable Housing Design Competition is designed to focus a new generation of thinkers on issues related to affordable housing.  By matching graduate students with professionals, the competition provides the opportunity to combine class room experience with real world practice in affordable housing development.

For more information Please e-mail Tobi Goldberg or Theo Noell of the Federal Home Loan Bank of Boston at 617-292-9600, Karen Wiener of CHAPA at 617-742-0820 or Nancy Jenner at the Boston Society of Architects/AIA at 617-951-1433.  Information and applications are also available at www.fhlbboston.com/compete.  For questions about what participation involves, please visit the How to Form a Team section of the competition web site, or e-mail the student coordinating committee, led by Jeff Beam at jbeam@mit.edu, or Tobi Goldberg or Theo Noell at compete@fhlbboston.com.

Please click here to view the 2009 Competition Brochure.

Secretary O’Connell Releases Regional Economic Development Strategy – January 20, 2009

The State’s Executive Office of Housing & Economic Development has released A Framework

for Action: The State Regional Economic Development Strategy.

A Framework for Action is the product of an extensive review of plans and analyses prepared by public agencies and academic and private institutes along with interviews and meetings with municipal officials and staff, regional planning agencies, economic development experts, and business and academic leaders from throughout Massachusetts.

The purpose of the Strategy is to develop a framework for state programs and investments in partnership with local and regional leaders that leads to sustained economic growthand shared prosperity throughout the Commonwealth.

Remarks by Secretary O’Connell on EOHED Agenda

Congressman Frank Files TARP for Main Street Bill – July 6, 2009

Congressman Frank filed The TARP for Main Street bill (HR 3068) the last week in June, which calls for funding for NSP 3, among other things.  A brief summary is below:

TARP for Main Street Bill

Housing Trust Fund – Sec. 2

Capitalizes the National Affordable Housing Trust Fund to fund the construction, rehabilitation, and preservation of affordable housing.

Neighborhood Stabilization Program (NSP) – Sec. 3

Provides additional funding for NSP which enables states and local governments to purchase and rehabilitate foreclosed properties.

Emergency Mortgage Relief – Sec. 4

Provides funding for emergency loans and assistance to homeowners behind on their mortgage payments because they lost their jobs and who have a reasonable prospect that they will be able resume full mortgage payments.

Assistance for Troubled Multifamily Properties – Sec. 5

Funds efforts to stabilize mortgages for multifamily properties which are in default or foreclosure, or have recently been foreclosed.

Please click here for further detail on the Bill.