by iwd Tina | Jun 20, 2011 | Housing News
The budget released by the House Committee on Ways and Means would cut the Massachusetts Rental Voucher Program (MRVP) by 45 percent from $33,047,000 appropriated in FY’09 to 17,997,061 proposed in FY’10. MRVP assists 5,200 low income households with rental assistance. The average income of households served by this program is less than $11,000. Almost all (79%) households are extremely low income and many have incomes below 15% of area median. About 2,300 of these households include children under 18.
Please click here for the full statement.
by iwd Tina | Jun 20, 2011 | Housing News
From MassBenchmarks: Massachusetts Economy Entering Recession, Third Quarter Growth Revised Downward, Tough Times Ahead
The Massachusetts economy grew at an annual rate of 0.2 percent between September and October and was up 1.2 percent from October of last year according to the MassBenchmarks Current Economic Index. The current index is normalized to 100 in July 1987 and is calibrated to grow at the same rate as Massachusetts real gross state product over the 1978–2003 period.
The MassBenchmarks Leading Economic Index for October was -1.5 percent, and the three-month average for August through October was -1.0 percent. The leading index is a forecast of the growth in the current index over the next six months, expressed at an annual rate. Thus, it indicates that the economy is expected to contract at an annualized rate of 1.5 percent over the next six months (through April).
“The state’s economy is falling headlong into a recession,” noted MassBenchmarks co-editor and UMass Boston professor, Alan Clayton-Matthews. “October’s real product growth of 0.2 percent is simply a transition from positive but slowing growth in the third quarter to outright declines forthcoming in the current quarter and first quarter of next year,” he added.
Full Report.
by iwd Tina | Jun 20, 2011 | Housing News
BOSTON – January 2009 – In keeping with the Patrick-Murray Administration’s multi-faceted response to the foreclosure crisis, the Division of Banks (Division) today opened its online database of Massachusetts foreclosure notices to the general public. The web-based resource, available at www.mass.gov/dob, allows the Division to study trends and better focus foreclosure examination efforts.
Please click here to view the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
In its continuing effort to support affordable housing production in Massachusetts, the Massachusetts Housing Partnership (MHP) has awarded nearly $4 million in grants to non‐profit and community – based development organizations across the state.
Please click here to read the full announcement.
by iwd Tina | Jun 20, 2011 | Housing News
In the next two weeks, the Congress will be considering the American Recovery and Reinvestment Bill of 2009. This package is the first crucial step in a concerted effort to create and save 3 to 4 million jobs, jumpstart our economy, and begin the process of transforming it for the 21st century with $275 billion in economic recovery tax cuts and $550 billion in thoughtful and carefully targeted priority investments with unprecedented accountability measures built in.
The package contains targeted efforts in:
• Clean, Efficient, American Energy
• Transforming our Economy with Science and Technology
• Modernizing Roads, Bridges, Transit and Waterways
• Education for the 21st Century
• Tax Cuts to Make Work Pay and Create Jobs
• Lowering Healthcare Costs
• Helping Workers Hurt by the Economy
• Saving Public Sector Jobs and Protect Vital Services
Please click here to view the full summary of the bill.
by iwd Tina | Jun 20, 2011 | Housing News
CHAPA Home » CHAPA Comments on Draft State Plan for Neighborhood Stabilization Program – November 10, 2008
Submitted by admin on November 10, 2008 – 5:46pm.
CHAPA believes that the funds managed by DHCD under the Neighborhood Stabilization Program will be vital to neighborhood stabilization strategies being implemented across the Commonwealth. Please click here to view CHAPA’s comments on how to further enhance DHCD’s plan.
