Today U.S. Housing and Urban Development Secretary Steve Preston approved the State of Massachusetts’ plan for more than $43.4 million in funding to recover from the effects of high foreclosures and declining home values. Funded under HUD’s new Neighborhood Stabilization Program (NSP), the State will shortly begin to target emergency assistance to communities by acquiring and redeveloping foreclosed properties that might otherwise become sources of abandonment and blight.
Housing News
Statement of Mr. Shaun Donovan Nominee for Secretary of the U.S. Department of Housing and Urban Development
Tuesday, January 13, 2009
HUD has launched a new campaign to urge homeowners to seek free, HUD-approved housing counseling advice before they are at risk of foreclosure. Housing counselors have more options to assist homeowners when they call early in the process. Learn more about the Keep Your Home. Know Your Loan. campaign.
BOSTON - January 2009 - In keeping with the Patrick-Murray Administration's multi-faceted response to the foreclosure crisis, the Division of Banks (Division) today opened its online database of Massachusetts foreclosure notices to the general public. The web-based resource, available at www.mass.gov/dob, allows the Division to study trends and better focus foreclosure examination efforts.
The Patrick-Murray administration is undertaking a comprehensive set of initiatives to reform our emergency shelter and housing delivery systems.
Please click here to read more.
The Patrick-Murray administration is undertaking a comprehensive set of initiatives to reform our emergency shelter and housing delivery systems.
Please click here to read more.
CHAPA is seeking an energetic individual to join its staff as a Program Manager to coordinate two programs: The Massachusetts Homeownership Collaborative and CHAPA’s monitoring efforts on Chapter 40B. The Massachusetts Homeownership Collaborative is an initiative that supports and promotes homebuyer education and promotes an ongoing dialogue among lenders, non-profits, and others in the housing field. Chapter 40B is the state statute that encourages the production of affordable housing in all of the Commonwealth’s communities.
Effective Dec. 31, FHA said it will not issue any new case numbers for lenders looking to refinance borrowers into FHASecure loans; HUD will honor any loans for which a lender has taken an application and requested a case number prior to Dec. 31, it said.
Please click here to read more.
Boston Globe - US Representative Barney Frank said yesterday he wants the government to spend $10 billion to jump-start the stalled development of affordable rental housing nationwide, including 31 projects in Massachusetts that can't move forward because of a lack of funds.
Please click here to read the full article.
BOSTON, Dec. 30, 2008 --- A new report released by MHP finds that the three most important factors in determining metro area employment growth are how much housing the region builds, its success in attracting new residents, and the extent to which it is dependent on manufacturing employment.