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Housing News
Treasury Department Expected to Provide $35 Billion to Housing Finance Agencies (Washington Post) – October 1, 2009
The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effort to cleanse financial firms of their toxic assets, and a $35 billion plan to prop up state programs that help...
Governor’s Emergency Budget Cuts Largely Spare Affordable Housing Programs – October 29, 2009
For list of cuts click here. To review Governor’s companion legislation to implement additional recommendations click here.
Obama Administration Announces $60 Million in Housing Counseling Grants – October 14, 2009
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan announced today $60 million in housing counseling and counseling training grants to nearly 500 national, state, and local agencies. Please click here for the full press release.
Obama Administration Calls on Congress to Approve Key Housing Measures – October 29, 2009
WASHINGTON, DC – Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period,...
Obama Administration Announces Initiative for State and Local Housing Finance Agencies – October 20, 2009
WASHINGTON – As part of its comprehensive plan to stabilize the U.S. housing market, the Obama Administration today announced a new initiative for state and local housing finance agencies (HFAs) that will help support low mortgage rates and expand resources for low...
Treasury Department Releases New Guidance on Tax Credit Exchange Program – September 23, 2009
The Treasury Department's Frequently Asked Questions on the Tax Credit Exchange Program.
CPA Match Hits Record Low – October 14, 2009
BOSTON – The Community Preservation Act (CPA) trust fund payment distributed this week to 135 eligible municipalities was the lowest since the program began, according to data from the state Department of Revenue (DOR). The FY10 base payment of a 34.8 percent match to...
Governor Patrick Releases Capital Budget; Housing Programs Cut by $23 Million – October 8, 2009
For more detail on the budget cuts, please click here. Click here for MACDC's budget analysis.
HUD Secretary Shaun Donovan’s Keynote Speech at the CHAPA Annual Dinner – October 23, 2009
Please click here for the full text of Secretary Donovan's speech.
Troubled Mortgages Hit Record High (Washington Post) – August 21, 2009
The proportion of homeowners delinquent on their mortgage or in foreclosure rose to its highest levels in at least four decades, according to industry data released Thursday, despite extensive government efforts to help borrowers and signs that the economy is starting...