by iwd Tina | Jun 20, 2011 | Housing News
U.S. Department of Treasury – The Obama Administration today announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration’s Homeowner Affordability and Stability Plan – announced by President Barack Obama just two weeks ago. The release of detailed requirements for the “Making Home Affordable” program facilitates implementation of the critical provisions that will help bring relief to responsible homeowners struggling to make their mortgage payments, while preventing neighborhoods and communities from suffering the negative spillover effects of foreclosure such as lower housing prices, increased crime and higher taxes.
Please click here to view the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
CHAPA is seeking an energetic individual to join its staff as the Program Manager for a new venture we are undertaking. In coordination with a foreclosed properties task force, municipalities, and the state housing agencies, CHAPA will be launching a new program to facilitate the sale of real estate owned properties (REO) to non-profits, municipalities, and other eligible purchasers for affordable housing—including both rental and homeownership.
Please click here to view the full job listing on CHAPA’s Jobs Board.
by iwd Tina | Jun 20, 2011 | Housing News
The Expiring Use report, prepared by CEDAC, uses the most current data available from HUD and MassHousing, based on updates from mid-October 2008.
by iwd Tina | Jun 20, 2011 | Housing News
HUD and the Department of Energy (DOE) have announced an interagency agreement that will help pave the way for the Weatherization of HUD assisted and LIHTC properties. DOE has concluded that existing income verification procedures for HUD assisted, public housing, and LIHTC properties are sufficient for determining eligibility for the Weatherization Assistance Program (WAP). This agreement reduces a significant administrative obstacle to improving the energy efficiency and livability of these homes.
Please click here to read the Memorandum of Understanding between the two departments.
by iwd Tina | Jun 20, 2011 | Housing News
The U.S. Government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access and capital. As part of that agreement, Treasury and the FDIC will provide protection against the possibility of unusually large losses on an asset pool of approximately $306 billion of loans and securities backed by commerical and residential real estate and other such assets.
Click here for the full statement.
