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Housing News
HUD Secretary-Designate Shaun Donovan’s Statement at Confirmation Hearing – January 14, 2009
Statement of Mr. Shaun Donovan Nominee for Secretary of the U.S. Department of Housing and Urban Development Tuesday, January 13, 2009
Emergency Economic Stabilization Act of 2008 – September 29, 2008
A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, and for other purposes. A...
Mayor Menino Announces New Three-Year Housing Strategy for Boston – March 4, 2009
Mayor Menino today unveiled the City's Leading the Way III housing strategy, the third comprehensive campaign since 2000, designed to meet Boston's evolving housing needs. The full City of Boston press release can be viewed here.
Obama Administration Releases Financial Regulatory Reform Plan – June 17, 2009
Please click here to view the final report.
Building Blocks Coalition Submits FY 2010 Budget Requests to Conference Committee – June 2, 2009
Please click here to read, in detail, requests made by the Building Blocks Committee to the Conference Committee.
Massachusetts Economy Continues its Rapid Descent (MassBenchmarks) – March 27, 2009
The Massachusetts economy contracted at a 4.2 percent annualized rate in February according to the latest MassBenchmarks Current Economic Index. Recent data revisions indicate that the state economy declined at a 4.7 percent annualized rate in the fourth quarter of...
FDIC Releases Proposal to Accelerate Loan Modifications – November 17, 2008
The FDIC has initiated a systematic loan modification program at IndyMac Federal Bank to reduce first lien mortgage payments to as low as 31% of monthly income. Modifications are based on interest rate reductions, extension of term, and principal forbearance. The...
HUD Releases Notice on Green Retrofit Program for Multifamily Housing – May 13, 2009
The Recovery Act is designed to stimulate the economy through measures that, among other things, modernize the Nation's infrastructure, jump start American energy independence, and protect those in greatest need. Green Building is an approach to sustainable...
New England Housing Network 2008 Conference Resources
GENERAL RESOURCES: Federal Reserve Bank of Boston 2008 Issue 2: "New England Community Developments" Policy White Paper: "Unfinished Business: What the Next President Must Know About Housing and HUD" CHAPA Summary of the Housing and Economic Recovery Act of 2008...
HUD Releases Allocations for $3.9 Billion Neighborhood Stabilization Program – September 26, 2008
HUD’s new Neighborhood Stabilization Program will provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood...