Please click here to view the 2010 income limits from HUD.
Housing News
Please click here to view the text of the bill passed by the Senate on April 29, 2010.
Fact Sheet: An Act Stabilizing Neighborhoods, S. 2407
Sales of single-family homes and condominiums in Massachusetts surged by double-digit percentages in March compared to a year earlier, while prices for both also continued to rise, according a new report by The Warren Group.
Foreclosure activity in Massachusetts increased significantly during the month of March, according to the latest report by The Warren Group, publisher of Banker & Tradesman. The number of foreclosures initiated by lenders jumped 22 percent from the prior month and 8 percent from a year earlier.
Despite the emphasis on homeownership and the marginalization of renters, renter households still make up fully one-third of the households in the United States — almost 38 million households. Out of Reach is a side-by-side comparison of wages and rents in every county, Metropolitan Area (MSAs/HMFAs), combined nonmetropolitan area and state in the United States.
Please click here to view the study's findings.
State Updates
House Ways and Means Committee Releases FY’11 State Budget Proposal
Please click here for CHAPA's FY 2011 Budget Analysis.
Click here for The Building Blocks Coalition's FY 2011 Budget Priorities.
Please click here to download the report.
The Center on Budget and Policy Priorities has issued a new analysis of the Obama Administration’s 2011 budget request for the Housing Choice (Section 8) Voucher program. The President’s budget requests $17.1 billion to renew vouchers in 2011, an increase of $875 million above the 2010 funding level. This amount is likely to be just enough to renew all vouchers in use this year, according to the Center’s preliminary estimates. In contrast, freezing voucher renewal funding at its 2010 level would cause approximately 100,000 low-income families to lose housing assistance.
Please click here for the NSP Notice on Abandoned and Foreclosed Properties.
Please click here for the NSP2 Notice on Abandoned and Foreclosed Properties.