HUD Releases Information on Neighborhood Stabilization Program 2 (NSP2) – May 4, 2009

Under NSP2, HUD allocated $1.93 billion on a competitive basis to states, local governments, and non profit organizations. The program objectives and eligible uses did not change under the Recovery Act, but the allocation process and some regulations on the funds have changed. The deadline to apply for NSP2 funding is July 17, 2009. See NSP2 NOFA for details.

Please click here for details of the program on HUD’s website.

MassHousing Sponsors Homebuyer Fairs in May – April 8, 2009

MassHousing is sponsoring regional homebuyer fairs to be held on May 2 and 9; and open houses at affordable homes for sale will be held May 2-3 and May 9-1.

Homebuyer fairs featuring lenders, REALTORS® and community representatives will be held May 2 in AuburnLanesboroughBarnstableDartmouth and Peabody; and May 9 in HolyokeTauntonMarlboroughSaugus and Brockton.

Open houses at affordable homes for sale in communities across Massachusetts will be held May 2-3 and May 9-10. Check back for a searchable list of open houses.

Please click here for additional information.

MHP Report Finds Housing Production is Key to Metro Area Growth – December 30, 2008

BOSTON, Dec. 30, 2008 — A new report released by MHP finds that the three most important factors in determining metro area employment growth are how much housing the region builds, its success in attracting new residents, and the extent to which it is dependent on manufacturing employment.

“This report is helpful in understanding why some cities grow more than others and it could serve as a useful guide for policy and business leaders as they figure out how to grow the Massachusetts economy,” said Clark Ziegler, the MHP’s executive director.

Entitled “Recipe for Growth”, the report analyzed job growth in over 200 metropolitan areas from 2000-2006 to determine why greater Boston and Massachusetts lagged behind the rest of the nation in job growth. The report found that Massachusetts could have added thousands of more jobs during the first part of this decade if its restrictive zoning practices had not sharply limited housing construction in the 1990s.
For the Boston Globe’s story on this report, click here.

House Financial Services Committee Passes Section 8 Voucher Reform Bill – July 24, 2009

Washington, DC – The Financial Services Committee today approved H.R. 3045, the Section Eight Voucher Reform Act of 2009. The landmark bill would reform the Section 8 Housing Choice Voucher Program, which provides rental housing assistance to 2 million low-income families nationwide. The legislation, sponsored by Rep. Maxine Waters (D-CA), was approved by a vote of 41- 24.

Please click here to read the full press release.