Please click here to read the budget document.
Please click here to see CHAPA's side-by-side comparison to FY2010 and FY2011.
Housing News
On September 7th, Attorney General Martha Coakley announced her decision not to certify a new initiative petition to substantially amend the Comprehensive Permit Law.
If put before the voters and passed, the petition would have reduced the affordable housing safe harbor of each municipality from 10 percent to 3 percent of its housing stock, eliminated limited dividend organizations from the statute, and changed the law so that comprehensive permits could no longer override one particular form of local rule, a local wetland bylaw.
Please click here for the updated database, and here for the endnotes.
CHAPA submitted comments on both Dodd-Frank rules regarding Ability-to-Repay (QM) and Credit Risk Retention (QRM).
Ability-to-Repay (QM) Comments
Credit Risk Retention (QRM) Comments
Please click here to view the draft legislation.
Homeowners in 27 States & Puerto Rico Will Have Until September 15 to Apply for EHLP Funding
Due to supplemental funds provided at the end of FY 2011 for the Massachusetts Rental Voucher Program (MRVP), the Department of Housing and Community Development (DHCD) is lifting the freeze that has restricted the re-issuance of Mobile MRVP vouchers since July of 2008. This will allow for the re-issuance of any Mobile voucher that became available on July 1, 2011 or afterward. The reissuance of Mobile vouchers can occur immediately.
On August 11th, HUD announced that it would reverse its initial decision and re-open the competitive process in every jurisdiction in which more than one organization applied to be the administrator of Section 8 Housing. Massachusetts is among the 42 jurisdiction that fall into this category.
Please click here to read the letter from HUD making this announcement.
Washington, DC -- The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI), seeking input on new options for selling single-family real estate owned (REO) properties held by Fannie Mae and Freddie Mac (the Enterprises), and the Federal Housing Administration (FHA).