Asset Development Commission Releases Final Report – June 26, 2009
Please click here to read the full final report.
Mass.gov has additional information here.
HUD Releases Notice on Neighborhood Stabilization Program – October 1, 2008
On September 29, 2008, HUD released a Notice outlining the procedures under which the new Neighborhood Stabilization Program (NSP) for foreclosed or abandoned properties will operate. The Notice is effective immediately. In it, HUD explains that it is treating NSP funds as an FY2008 “special allocation” of Community Development Block Grant (CDBG) funds and specifies the ways in which NSP requirements will and will not differ from CDBG requirements. The Notice also includes a listing of allocations by state and locality nationwide.
- CHAPA’s Summary of the Notice can be read here.
- For HUD’s description of the program and a list of allocations, please click here.
- Please click here to view the full text of the Notice.
Obama Administration Announces New Details on Making Home Affordable Program – April 28, 2009
WASHINGTON – The Obama Administration today announced details of new efforts to help bring relief to responsible homeowners under the Making Home Affordable Program, including an effort to achieve greater affordability for homeowners by lowering payments on their second mortgages as well as a set of measures to help underwater borrowers stay in their homes. Please click here to view the full press release.
Patrick Administration Announces Reform of the Emergency Shelter System – January 6, 2009
The Patrick-Murray administration is undertaking a comprehensive set of initiatives to reform our emergency shelter and housing delivery systems.
Please click here to read more.
NLIHC Releases Renters in Foreclosure Toolkit – June 3, 2009
Please click here to view the Toolkit.
Obama Team Is Warned That HUD Needs Work (Washington Post) – November 20, 2008
Washington Post – The Obama administration will soon inherit a $35 billion federal housing agency that was a weak backbencher during the housing crisis and moved too late to do much to keep millions of families from going into foreclosure.
Beyond the pressing crisis, the Department of Housing and Urban Development also has dramatically retreated in the past eight years from its mission of fostering affordable housing. Pushing homeownership has been the agency’s top priority under the Bush administration, and HUD’s budget for public housing for low-income families has been cut year after year.
Please click here to read the full article from the Washington Post.