Monthly Archives: November 2013

BOSTON WASHINGTON, D.C. - November 25, 2013 - (RealEstateRama) -- A Pennsylvania man, formerly an attorney practicing in Boston, was convicted of mortgage fraud. Charles R. Sammon, 37, of West Pittston, Penn., pleaded guilty before U.S. District Judge Richard G. Stearns to 13 counts of wire fraud, mail fraud and money laundering, all in connection with the mortgage fraud scheme that occurred in 2006 and 2007

BOSTON - November 22, 2013 - (RealEstateRama) -- MassHousing announced today that it has closed a $6 million construction bridge loan for the renovation and conversion of the former Dalrympe School in Winthrop into 27 affordable apartments for senior citizens

BOSTON - November 20, 2013 - (RealEstateRama) -- JPMorgan Chase and Co. will pay $13 billion in a joint federal-state settlement over the practices of its mortgage-backed security activities, Attorney General Martha Coakley announced today. This is the fifth settlement resulting from AG Coakley’s ongoing investigation into the role of Wall Street investment banks in funding, purchasing and securitizing unfair residential mortgage loans

BOSTON - November 19, 2013 - (RealEstateRama) -- MassHousing recently recognized the efforts of 93 property management companies that make a concerted effort to do business with Minority and Women-Owned Business Enterprises (M/WBEs).

BOSTON - November 18, 2013 - (RealEstateRama) -- MassHousing has awarded $517,500 to support sober housing programs in Cambridge, Fall River, Springfield, South Boston, Tisbury and Worcester.

WASHINGTON, D.C. - November 18, 2013 - (RealEstateRama) -- Mayor Domenic J. Sarno today announced the results of a market rate housing study commissioned for Springfield, indicating a strong potential for new downtown market-rate housing

CAMBRIDGE - November 15, 2013 - (RealEstateRama) -- Thursday, November 14, 2013 – Governor Deval Patrick today announced over $73 million in affordable housing resources and tax credits for projects in 17 communities across the state, building on the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the Commonwealth. During the announcement, Governor Patrick signed H.3492, “An Act Financing the Production and Preservation of Housing for the Low and Moderate Income Residents.”

WASHINGTON, D.C. - November 15, 2013 - (RealEstateRama) -- Mayor Thomas M. Menino today called on Boston residents to solarize their homes as the City builds on the success of its Renew Boston Solarize program. Since its August 26 launch, the program has signed contracts with 60 Boston residents to install a combined total of 302 kW of solar power and has reached Tier 4 community pricing. More than 700 homeowners have received or scheduled solar home assessments and is well on its way to reaching its goal of 150 homes “Solarized.” The deadline for participation in the current bulk pricing offer isNovember 30.

WASHINGTON, D.C. - November 14, 2013 - (RealEstateRama) -- MassHousing announced a loan closing today of $6.5 million to preserve affordability for low-income senior citizens at the 90-unit Rita Hall in Lawrence.

BOSTON - November 12, 2013 - (RealEstateRama) -- MassHousing's Edward Chase has been honored by UMass Boston's Center for Social Policy for his efforts to end homelessness.

BOSTON, MA - November 12, 2013 - (RealEstateRama) -- MassHousing and the state Department of Housing and Community Development (DHCD) announced $9.3 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing communities in Boston, Centerville, Haverhill, Paxton, Westhampton and Worcester.

WASHINGTON, D.C. - November 6, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today approved two disaster recovery plans in the Commonwealth of Massachusetts totaling $17.5 million to help local communities to recover from severe storms and tornadoes in 2011. These disaster plans will rely on grants provided earlier this year through HUD’s Community Development Block Grant (CDBG) Program.

CHELSEA - November 6, 2013 - (RealEstateRama) -- Continuing the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the state, the Department of Housing and Community Development (DHCD) today announced $6 million in affordable housing resources to build 44 new units of housing for homeless veterans in three communities across the Commonwealth.

BOSTON - November 5, 2013 - (RealEstateRama) -- MassHousing announced today that Needham Bank is now an approved lender of MassHousing's family of affordable, fixed-rate, home loan products for low- and moderate-income homebuyers.

BOSTON - November 5, 2013 - (RealEstateRama) -- Thaddeus Miles, MassHousing's Director of Public Safety, has been appointed to the Joint Industry Advisory Board for the newly formed Roxbury Massachusetts Advanced Polytech Pathway (RoxMAPP), a first-of-its-kind partnership between the Commonwealth of Massachusetts and the City of Boston to increase student achievement and prepare students at Roxbury Community College (RCC) and Madison Park Vocational Technical High School for success in a 21st century economy.