Please click here to download the budget analysis.
Housing News
Please click here to download Lizbeth Heyer's presentation from CHAPA's January 19th forum on State Public Housing.
The number of completed foreclosures in Massachusetts jumped almost 32 percent in 2010 to 12,233, up from 9,269 in 2009 but did not surpass the record 12,430 foreclosures recorded in 2008, according to the latest report from The Warren Group, publisher of Banker & Tradesman.
The number of foreclosure petitions, meanwhile, declined 14.3 percent to 23,933 last year from 27,928 in 2009.
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The Division of Banks will hold three public informational hearings in late January to obtain comments on implementing certain provisions of Chapter 258: An Act Relative to Mortgage Foreclosures. Prior to proposing regulations, the Division requests information and comments on the notice of a consumer’s right to cure in advance of foreclosure and provisions relative to reverse mortgage loans.
State Updates
Governor Patrick Signs Homestead Legislation to Protect Homeowners
Legislation updating the Commonwealth’s homestead protections was signed into law last month. Ch. 395 of the Acts of 2010 was spearheaded by the Boston Bar Association, Massachusetts Bar Association and the Real Estate Bar Association and accomplishes the following:
To view the Supplemental Budget, click here.
To view a summary of the Section 202 Reform Bill, click here. To view the text of the Section 202 Reform Bill, click here.
To view a summary of the Section 811 Reform Bill, click here. To view the text of the Section 811 Reform Bill, click here.
To view a summary of the Section 202 Reform Bill, click here. To view the text of the Section 202 Reform Bill, click here.
To view a summary of the Section 811 Reform Bill, click here. To view the text of the Section 811 Reform Bill, click here.
To view a summary of the Section 202 Reform Bill, click here. To view the text of the Section 202 Reform Bill, click here.
To view a summary of the Section 811 Reform Bill, click here. To view the text of the Section 811 Reform Bill, click here.
This month, Citizens’ Housing and Planning Association (CHAPA) joined several other partners to advocate for adequate budget resources to keep families, persons with disabilities, and seniors in affordable homes instead of shelters. The group, called the Building Blocks Coalition, is working to draw attention to the fact that Massachusetts housing costs are unaffordable and without greater resources, many more residents are going to end up homeless in the coming year.