Please click here to read a summary of the settlement prepared by MACDC.
FOR IMMEDIATE RELEASE
THURSDAY, FEBRUARY 9, 2012
Housing News
Washington, DC – The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases.
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
February 1, 2012
FACT SHEET: President Obama’s Plan to Help Responsible Homeowners and Heal the Housing Market
Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods to accelerate the housing market recovery and improve our overall economy.
State Updates
Governor Patrick Releases FY2013 Budget Proposal
On Wednesday, January 25th, the Patrick-Murray Administration released its FY2013 Budget proposal. The Governor proposes to increase FY2013 funding for several of CHAPA’s top priorities, including:
The Massachusetts final statewide total CDBG allocation is $88.97 million and the final statewide HOME allocation $25.133 million. Please click here to view specific allocations on HUD's website.
Please click here to read CHAPA's letter to Administration and Finance and Ways and Means outlining the impact of federal HUD budget cuts on Massachusetts.
Commonwealth to seek performance-based investments to spur innovative solutions to social issues, achieve better outcomes and save money
Please select the presenter's name to download their presentation:
April Anderson Lamoureux, Assistant Secretary for Economic Development, Executive Office of Housing and Economic Development
Jeffrey Lubell, Executive Director, Center for Housing Policy, Washington, D.C.
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan announced today that 13 communities across the U.S. will receive $3.6 million in Choice Neighborhoods Planning Grants.