by iwd Tina | Jun 20, 2011 | Housing News
CHELSEA – Friday, April 03, 2009 – As part of his Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced he will target $108 million from several state and federal affordable housing programs and tax credits to help support 39 affordable rental housing projects, yielding more than 2,000 affordable housing units across Massachusetts, while helping to create thousands of jobs.
Please click here to read the full press release and view the full award list.
by iwd Tina | Jun 20, 2011 | Housing News
From the Wall Street Journal – Fannie Mae is finalizing a national policy that will allow tenants to remain in their homes even if their landlord goes into foreclosure – a landmark decision for tenants.
The policy will be in effect Jan. 9, Fannie Mae said Sunday, and reflects growing pressure on the mortgage company from a legal-aid group that threatened to sue over recent evictions. The company said it will also ensure its current holiday moratorium on new evictions is being followed until the new policy takes effect.
Full article from the Wall Street Journal.
by iwd Tina | Jun 20, 2011 | Housing News
In this progress report, the Commission begins to outline strategies that remove barriers to asset building and aid families in acquiring and maintaining assets. The administrative and legislative actions already put into motion will make significant strides toward greater financial stability for low and moderate income families.
Link to report: http://www.mass.gov/Ehed/docs/dhcd/adc/progressreport.pdf
by iwd Tina | Jun 20, 2011 | Housing News
Citi announced a series of initiatives designed to proactively help potential at-risk borrowers remain current on their payments and ultimately in their homes. Several of these steps build on or expand the industry-leading loss mitigation efforts that Citi has put in place over the past two years.
Please click here to view the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
FHFA has stated that business will continue as usual at the Enterprises during the conservatorship—this applies to both their single-family and multifamily businesses.
Please click here to view the full announcement.
