State Updates
Legislature Considers Veto Overrides; Public Housing Operating Subsidy and RAFT Funding Still Uncertain
Housing News
June 20, 2011
Patrick-Murray Administration announces homebuyer tax credit loans to promote affordable homeownership opportunities. First-time homebuyers could borrow $8,000 from MassHousing in advance of Federal tax credit.
Please click here to read the press release.
Please click here for a fact sheet on the loan.
June 20, 2011
Watch the webcast of the hearing here at 2:00 pm, July 15.
Read his written testimony here.
June 20, 2011
Please click here to read a summary of the budget.
June 20, 2011
Please click here to view the Report.
The end notes for the report can be found here.
June 20, 2011
WASHINGTON – As part of the Obama Administration's effort to create jobs and ease pressures on the housing market, the U.S. Department of the Treasury today announced $486 million in American Recovery and Reinvestment Act (Recovery Act) funding to spur the development of affordable housing units in Alabama, Arkansas, Connecticut, Georgia, Louisiana, Maryland, Massachusetts, Montana, New Hampshire, New Mexico, the Virgin Islands, and Vermont.
Please click here to view the full press release.
June 20, 2011
Please click here to read questions and answers intended to assist Section 1602 recipients to understand and comply with program requirements.
June 20, 2011
Please click here for more information on the joint application.
June 20, 2011
Congressman Frank filed The TARP for Main Street bill (HR 3068) the last week in June, which calls for funding for NSP 3, among other things. A brief summary is below:
TARP for Main Street Bill
June 20, 2011
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. Under authorization provided by the Federal Housing Finance Agency, borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.