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Housing News
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...
HUD and Treasury Release Guidance on Low Income Housing Tax Credit Program (TCAP and Exchange Program) – May 4, 2009
May 4, 2009 - HUD and the Treasury Department released guidance on TCAP and the exchange program today. Treasury press release Treasury Application information HUD Press release HUD Home page on TCAP implementation
State Legislature Extends Period to Cosponsor Bills Until Feb. 11th – February 3, 2009
The House and Senate Clerks extended the period for legislators to cosponsor other legislator’s bills until Wednesday, February 11th. CHAPA members interested in securing cosponsors for affordable housing legislation will now have an additional week to contact...
Adolfo Carrion chosen to head White House Office of Urban Affairs – February 23, 2009
Click here to read about Adolfo Carrion's appointment in the Washington Post
Governor Vetoes Funding for Public Housing and RAFT; CHAPA Seeks Legislative Override – June 30, 2009
On June 29 , the Governor signed a $27.046 billion FY 2010 budget. The Governor vetoed $364 million from the Legislature’s Budget, of which $217 million is a technical change until county corrections reform legislation is signed into law and $147 million are line-item...
Request for Responses for Regional Networks to End Homelessness – September 25, 2008
The Interagency Council on Housing and Homelessness announces a Request for Responses for the Regional Network Innovations to End Homelessness. This initiative offers an exciting opportunity to partner with the Commonwealth to implement innovative strategies that will...