On October 29, HUD published its proposed regulations for implementing the National Housing Trust Fund (NHTF) in the Federal Register. Comments are due by December 28, 2010. To download a copy of the proposed regulations, click here.
The Housing Trust Fund Project will send out a summary of the proposed regulations later this week.
Housing News
Dear CHAPA Members:
On behalf of the board and staff, I want to offer my sincere thanks to everyone who worked on the Campaign to Protect the Affordable Housing Law. With your help, we were able to achieve a decisive victory of 58% to 42%, which was the largest margin of any ballot campaign. Over 1.2 million voters and 80% of cities and towns affirmed their support for protecting the affordable housing law for seniors and working families in urban, suburban, and rural communities all across the state. If you'd like to see how your town voted, click here.
Please click here to view the 2011 HUD Fair Market Rents.
Click here for Massachusetts Fair Market Rents.
The FY2011 FMRs by state and area are HERE.
The Urban Land Institute has released a "Priced Out" report on the presistence of the workforce housing gap in the Boston Metro area.
Please click here to download the report.
Click here to view the slideshow presentation from the report's announcement event.
Ch. 40H Community Development Corporation Certification Presentation - Joe Kreisberg
New Foreclosure Law, An Act to Stabilize Neighborhoods - Barbara Anthony
Lieutenant Governor Murray highlights completion of 18 month Regional Network Pilot Program; Funds targeted to transform service delivery fort at-risk residents
Solving the affordable housing crisis in Massachusettsrequires strong executive leadership that keeps affordable housing a top public policy priority. It also requires multiple strategies that meet a range of needs through both new production and preservation of existing rental and ownership housing for low and moderate income families and individuals, as well as establishing channels to facilitate the production of housing for all income levels.
In this policy paper, CHAPA recommends the following housing policy strategies to gubernatorial candidates:
Foreclosure petitions reached the highest number in more than a year in August, while foreclosure deeds increased for the eighth straight month in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman.
BOSTON, MA – September 15, 2010 – The affordable housing law has been a boon to the Massachusetts economy, according to a new study released today by the University of Massachusetts Donahue Institute. In the last decade, nearly 22,000 homes have been built under the affordable housing law, also known as Chapter 40B. These homes have resulted in a total of 47,700 jobs and $9.25 billion in economic activity, according to the study.
To read the full press release, click here.