For the second consecutive month, both year-over-year foreclosure petitions and deeds decreased by double-digit percentages in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman. Foreclosure activity in November reached its lowest levels so far in 2010.
To read the full article, click here.
Housing News
To view more information from the American Association of Homes and Services for the Aging, click here.
WASHINGTON – In an effort to help families find decent housing and to prevent future foreclosures, the Obama Administration today announced nearly $73 million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding announced today, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded today by U.S. Housing and Urban Development Secretary Shaun Donovan.
Please click here to read the final Building Blocks FY'12 budget letter.
From the Technical Assistance Collaborative:
Section 811 Reforms
The Frank Melville Supportive Housing Investment Act makes long overdue improvements to the Section 811 program by:
December 15, 2010 - Agencies Expand Scope of Community Reinvestment Act Regulations to Encourage Support for HUD Neighborhood Stabilization Program Activities
The federal bank and thrift regulatory agencies today announced changes to Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels.
To view the full press release click here.
(Chicago, IL) — An innovative partnership to finance the preservation of federally-subsidized rental housing in underserved markets brings together major financial institutions, philanthropy, and the federal government.
(Chicago, IL) — An innovative partnership to finance the preservation of federally-subsidized rental housing in underserved markets brings together major financial institutions, philanthropy, and the federal government.
State Updates
Administration Releases FY2011 Capital Budget
Last month, the Patrick/Murray Administration released the Commonwealth’s FY2011 capital budget. The capital budget for affordable housing is level-funded at $168 million.
Please click here to read Senator Brown's letter.